If they fail to resubmit a W-4 form to continue their exempt status, you have to withhold their income taxes as if they are single and have no dependents. Once in a while, the IRS may decide to review your employees’ W-4 forms. It will send a representative to your office, and the representative will [...]
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What Do I File Form 941 for?
The Form 941 is the form that is used for reporting and paying all these taxes to the IRS. All employers who are withholding taxes from their employees are legally required to complete Form 941. The information that must be provided in the form includes all the wages that are paid to employees; amounts of [...]
