Accountant Read 941 Instruction 2025 - Part 1

In part 1 of this series, Payroll Expert, Shannon Ballman Theis, dives deep into the instructions for IRS Form 941 for the year 2025. This episode covers essential updates including new Social Security and Medicare tax rates, electronic filing for Form 941-X, and revisions to be used for reporting taxes.

00:00 Introduction and Overview
00:26 Future Developments and What's New
01:01 Social Security and Medicare Tax Updates
02:24 Electronic Filing for Form 941-X
03:07 Form 941 Revisions and References
05:31 Qualified Small Business Payroll Tax Credit
06:39 Claiming the Payroll Tax Credit
09:01 Using Form 8974 for Payroll Tax Credit
09:21 Additional Resources and Links

https://www.irs.gov/form941
https://www.irs.gov/businesses/e-file...

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