How to Fill Out IRS Form 941 - Simple Example for S Corporation

Simple example and instructions on completing Form 941 (Quarterly Payroll Tax Return) for an S corporation with one shareholder-employee.

Employers file Form 941 to report company payroll, which includes wages, social security taxes, Medicare taxes, federal income tax withholding, and any available payroll tax credits and payments.

In this example, we look at a Form 941 filing for the first quarter ending March 31, 2024. The company is a Florida S corporation with one shareholder-employee. His wages must also include the amount of his shareholder health insurance paid by the S corporation.

For a 2nd quarter Form 941 example:    • How to Fill Out IRS Form 941 - S Corporati...  
How to Deduct Shareholder Health Insurance:    • How to Deduct Health Insurance for S Corpo...  
IRS Form 7206 for S Corp:    • IRS Form 7206 for Self-Employed Health Ins...  
Form 1120-S Tutorials:    • Form 1120-S (S Corporation) Tutorials  

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