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Frequently Asked Questions

What is Form 941 Schedule B?

The IRS Form 941 (Schedule B) is a tax form for the reporting of tax liability for semi-weekly pay schedules.

Who needs to fill out IRS Form Schedule B?

Taxpayers in the U.S. who receive more than $1,500 in taxable interest and/or ordinary dividends during the year are required to fill out IRS Form Schedule B, which accompanies IRS form 1040.

What is federal income tax schedule B?

Schedule B is an IRS tax form that must be completed if a taxpayer has received interest income and/or ordinary dividends over the course of the year. Schedule B is also used to report less common forms of interest or corporate distributions to individuals.


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