Prepare and print Form 941.
Form 941 is a quarterly tax form, submitted to the IRS, that reports your employees' wages and their federal, social security, and medicare taxes withheld.
Once the form is prepared, edit the data to enter the amount of taxes paid as well as the type of depositor you are – monthly or semi-weekly. Semi-weekly depositors will also submit the Schedule B. A voucher is provided if you submit a payment with your 941 form.
The IRS matches the amounts from each Form 941 with Form W-2 amounts totaled on your yearly Form W-3.