Form 941 Sample Clauses
The 'Form 941' clause requires an employer to file IRS Form 941, which is the Employer’s Quarterly Federal Tax Return. This form is used to report wages paid, tips received, and federal income tax withheld, as well as both the employer’s and employees’ share of Social Security and Medicare taxes. By mandating the timely and accurate filing of Form 941, the clause ensures compliance with federal tax regulations and helps prevent penalties or interest due to late or incorrect filings.
Form 941. Each Party shall be responsible for filing IRS Forms 941 for its respective employees.
Form 941. Each calendar quarter, the Employer must comply with the requirements for filing Form 941, Em- ployer’s Quarterly Federal Tax Return. The Form 941 must include all charged and cash tips reported by the Employees to the employing Establishment(s) in accordance with the procedures set forth in Section III. C.