Employment (payroll) taxes Forms

What Are Employment Payroll Taxes?

Upon hiring your first employee, you become obliged to deal with payroll tax. Despite the occasional singular form, payroll tax comes down to an array of taxes paid on employee’s wages. So, if you have staff members working for you, you’re going to need to deduct a part of their wages to pay taxes on their behalf, as well as pay payroll taxes on each of them out of your earnings. In this category, you’ll find employment tax form templates, along with brief outlines of some of the most widely used employment payroll tax forms.

Most Popular Employment Payroll Tax Forms

If you operate a small business without employees, paying payroll taxes for yourself is still a must. In this sense, it’s referred to as the IRS self employment tax. It’s relatively easy to deal with. But when you have employees, things with payroll taxes get a little bit trickier. Absolutely, withholding, submitting, and remitting payroll taxes can be complicated, but it’s definitely what you should delve into as a business owner. Below, you’ll find the most widely used forms in this context.

1. Form 941. Known as Employer’s Quarterly Tax Return, this form is a must-submit four times per year if you’re a small business owner and have people working for you. When filling out the form, you’re going to need to indicate general details about your company, such as EIN, business name, and contact information. As you progress through the form, ensure you are most accurate when indicating employer identification number, tax period, filing status, and payment amount. Accuracy is paramount when it’s about all tax forms, be it self employment payroll taxes or property tax returns.
2. Form 941-X. When describing the previous form, we’ve mentioned some of its most error-sensitive elements. So, in case you did make mistakes when specifying your employee’s identification number or, say, payment amount, Form 941-X is what you need. The template is used for correcting errors you’ve made on your 941 tax return.
3. Form 4070-A. Also referred to as Employee’s Report of Tips to Employer, this document is used for reporting any tips your staff members receive while working for you. Irrespective of the form in which these compensation payments are received, employees need to report them when their monthly amount exceeds $20. This form is voluntary, but it ultimately helps keep your books in order.
4. Form 941 Schedule B. It’s a file that documents tax reports for semi-weekly pay periods. A semi-weekly period is when wages are distributed two times a week, usually on initially agreed upon dates. Whether you’re planning to fill out a self employment tax form or an employer payroll tax form, PDFLiner is the best platform for your fastest and most effective digital file processing.

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Where to Get Employment Payroll Tax Forms

Are you rummaging the World Wide Web in search of these forms? Consider you’ve already found them. In our vast library of free online templates, you’ll lay your fingertips on top-notch pre-made fillable forms that cater to an array of industries and user needs. Launch the needed form in the blink of an eye and get the completion going right here and right now. Our editing tools are exceptionally useful and a cakewalk to master. On PDFLiner, you can also easily find federal self employment tax forms and fill them out online.