Sunday, February 27, 2005

employment tax return Form 941

IRS Unveils Redesigned Employment Tax Return

WASHINGTON –– The Internal Revenue Service today unveiled the redesign of the employment tax return Form 941, Employer’s Quarterly Federal Tax Return. The simplified form should help businesses, tax practitioners and payroll companies avoid common errors as well as reduce the burden associated with completing and filing Form 941.

employment tax return Form 941The redesigned form features an improved layout, plain language instructions, simplified deposit reporting and paid preparer identification. The form is also scannable, which the IRS expects will reduce transcription errors.

“Where we can, the IRS wants to simplify its forms,” said IRS Commissioner Mark W. Everson. “The new Form 941 will help achieve that.”

More than 23 million of these forms are filed annually by 6.6 million employers.
The Form 941 is used to report wages, tips and other compensation paid, as well as Social Security, Medicare and income taxes collected.

The Office of Taxpayer Burden Reduction led an IRS team in the redesign. External stakeholders from the payroll tax community provided input. The revision also reflects information gathered from the public and feedback from focus group participants.

“The new 941 is much easier on the eye and much more user-friendly,” said Scott Mezistrano, senior manager of government relations for the American Payroll Association. “With the shading, bigger boxes and improved instructions right on the form, you know exactly what you are supposed to report and where to put it. IRS did a very thorough job of reviewing every line on the 941 and considering how it could be made more clear.”

The form is available on IRS.gov. Printed copies of the form and instructions are also available by calling the IRS at 1-800-829-3676.

Related links: In PDF Format
Form 941, Employer’s Quarterly Federal Tax Return
Instructions for Form 941
IR-2005-18, Feb. 23, 2005

House Speaker Hastert to Launch Neutrino Experiment at Fermilab

House Speaker Hastert to Launch Neutrino Experiment at Fermilab, Friday, March 4

BATAVIA, Ill.—Speaker of the House J. Dennis Hastert Jr., of the Illinois 14th Congressional District, will officially launch the MINOS neutrino experiment during dedication ceremonies at the Department of Energy’s Fermi National Accelerator Laboratory on Friday, March 4, 2005.

The dedication will take place at 2:30 p.m. in Wilson Hall’s Ramsey Auditorium.

All media wishing to cover the dedication must respond to the Fermilab Office of Public Affairs by Noon on Wednesday, March 2 to arrange for event access and security passes.

The MINOS experiment sends neutrinos from Fermilab through the earth to a 6,000-ton detector located a half-mile below the surface in a former iron mine in Soudan, Minnesota. The neutrinos leave virtually no trace as they make the 450-mile trip in 2.5 milliseconds.

Again, all media wishing to cover the MINOS experiment dedication must respond to the Fermilab Office of Public Affairs by Noon on Wednesday, March 2 to arrange for event access and security passes.

Fermilab is a U.S. Department of Energy Office of Science national laboratory, operated under contract by Universities Research Association, Inc. -30-

Contact:Mike Perricone, Fermilab Public Affairs, 630-840-5678 email
mikep@fnal.govKurt Riesselmann, Fermilab Public Affairs, 630-840-5681 email kurtr@fnal.gov