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Form 941 (Schedule B) for Lewisville Texas: What You Should Know

Payments of Quarterly Federal Tax Liabilities to Non-Business Sources Income earned from business sources, excluding self-employment income and Social Security benefits, is taxed to the employer. The employee reports their employer's liability to the IRS and deposits the amount paid to the IRS at the end of the reporting period for the period after which their wages were made or were earned. The employee must also file Schedule B with Form 941. The deposit is used, in part, as a refund and cannot be paid on an installment basis. IRS published final instructions for Schedule B and Forms 941  IRS: 2024 Edition The IRS publishes new editions of Form 942, Annual Return of Nonbusiness Employer. (Rev. May 1, 2018).

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