Anyone who runs a business and hires employees takes on new responsibilities for managing their staff. For example, they must run payroll, file payroll taxes and submit several payroll forms, ...

IRS Form 941, also known as the Employer’s Quarterly Federal Tax Return, is used when businesses report the income taxes, payroll taxes, Social Security taxes, and Medicare taxes withheld from ...

Form W-11, Hiring Incentives to Restore Employment (HIRE) Act Employee Affidavit, is now posted on IRS.gov, along with answers to frequently asked questions about the payroll tax exemption and the ...

EOBOC Payroll Form Use of the EOBOC Payroll Form All Payroll activities should be completed by the EOBOC and facilitated by completing the EOBOC Payroll Form. The only exceptions are: Hiring a ...

The version of Form 5500 you’re required to file from the Form 5500 series depends on your business size and structure. 1. Form 5500 Form 5500 is the general form for companies with 100 or more ...

Businesses structured as S corporations can deduct payroll tax expenses on line 12 of Form 1120S. Only the employer portion of payroll taxes, not the employee portion, are deductible for the business.

On Thursday, the IRS released a revised Form 941, Employer’s Quarterly Federal Tax Return, to reflect the extended payroll tax cut. The act extends the 4.2% rate for the employee portion of Social ...

Under the Middle Class Tax Relief and Job Creation Act of 2012, enacted on Wednesday, workers will continue to pay a lower Social Security tax withholding rate of 4.2%, which is two percent less than ...