How often must Form 941 be filed by employers?

Form 941, also known as the Employer's Quarterly Federal Tax Return, must be filed by employers on a quarterly basis. This form is used to report the amount of federal income tax, Social Security tax, and Medicare tax withheld from employees' wages, as well as the employer's share of Social Security and Medicare taxes. Filing quarterly allows the IRS to collect tax information throughout the year, ensuring that the employer is complying with tax obligations in a timely manner. By reporting these figures every three months, employers help maintain an up-to-date record of their payroll taxes, which is crucial for accurate government revenue tracking and for the employers themselves to manage their payroll liabilities effectively.