IRS Form 944 vs. Form 941
2024-01-26 Every employer who pays compensation for services performed by employees must report to the IRS the wages paid, and related employment taxes including income tax withholding, social security tax, Medicare tax and, if applicable, Additional Medicare Tax. Generally, employers must report wages, tips and other compensation paid to an employee by filing Form 941, Employer’s Quarterly Federal Tax Return. But, small employers (those with annual employment tax liabilities of…