1st Quarter 2024 941. Form 941 is an irs tax form used by employers to report federal income taxes, social security tax, or medicare tax withheld from each employee's paychecks. The irs expects this revision to be utilized for all four.
Employers are advised to start using the march 2024 revision of form 941 beginning with the first quarter of 2024. Form 941 is an irs tax form used by employers to report federal income taxes, social security tax, or medicare tax withheld from each employee’s paychecks.