Chicago Accounting Articles

Self Employment Tax Chicago Illinois

Updated July 24, 2015   Self Employment Tax Chicago Illinois   Self Employment and Taxes   Self-employment tax is a tax consisting of Social Security and Medicare taxes primarily for individuals who work for themselves. It is similar to the Social...

How to amend Form 941 Chicago Illinois

How to amend Form 941 Chicago Illinois: Quarterly Withholding Tax Return   The form used for this is the 941X.   The 941X or amendment form for the federal 941 is one of the most confusing and difficult federal forms to complete. It requires us to show the...

941 Tax Deposit Chicago Illinois

Updated July 23, 2015   941 Tax Deposit Chicago Illinois   The 941 quarterly withholding tax return collects three different and distinct types of federal taxes. First is the federal withholding tax that goes into your eventual income tax. Second is the...

941 Electronic Filing- EFTPS Chicago Illinois

Updated July 23, 2015   941 Electronic Filing Chicago Illinois   EFTPS is The Electronic Filing Taxpayers System. It is primarily used for the payment of federal payroll taxes, but can also be used for most other federal tax payments. I am not a fan of this...

What is a 941 Quarterly Withholding Form Chicago Illinois?

Updated July 23, 2015   What is a 941 Quarterly Withholding Form Chicago Illinois? 941 Form   The federal 941 form is the primary federal employment tax form. Form 941 is generally filed quarterly, along with the other State of Illinois payroll withholding...