On April 30, 2020, the IRS released a draft of the Form 941 for 2020. While this is just a draft and not intended for actual filing, it does give businesses an idea of what they can expect when filing in the future
Your small business must file this form quarterly to report the income taxes, social security taxes, and Medicare taxes that you withheld from your employees. However, filing this Form doesn’t have to be difficult, confusing, or stressful!