Forms 941 Clause Samples
The 'Forms 941' clause requires an employer to file IRS Form 941, which is the Employer’s Quarterly Federal Tax Return, to report wages paid and taxes withheld for employees. This clause typically obligates the employer to submit accurate quarterly reports detailing income taxes, Social Security, and Medicare taxes withheld from employee paychecks, as well as the employer’s share of these taxes. By mandating the timely and correct filing of Form 941, the clause ensures compliance with federal tax regulations and helps prevent penalties or legal issues related to payroll tax reporting.
Forms 941. Within thirty (30) calendar days following the end of each calendar quarter, Borrower shall furnish Lender with a copy of the IRS Form 941 required to be filed by Borrower with respect to the quarter then ended.
Forms 941. Within thirty (30) calendar days following the end of each pay period of Borrower, Borrower shall furnish, or shall cause to be furnished, to Lender a report detailing the amount of taxes which Borrower withholds for income tax, social security tax or Medicare tax from its employees’ paychecks or which Borrower must pay the employer’s portion of on social security or Medicare tax. To the extent available to Borrower, Borrower shall also, within thirty (30) calendar days following the end of each calendar quarter, furnish Lender with a copy of the IRS Form 941 required to be filed by Borrower with respect to the quarter then ended.