IRS Issues Revenue Procedure on Specifications for Substitute Form 941, Related Employment Tax Forms

The IRS issued revenue procedure establishing specifications for creating substitute versions of Form 941 (Employer’s Quarterly Federal Tax Return), Schedule B, Schedule D, Schedule R, and Form 8974. The guidance covers paper quality, printing specifications, font requirements, form ID codes, and data entry standards for both paper and software-generated forms. Forms that comply with these specifications do not require prior IRS approval but should be submitted for review to ensure proper scanning and processing. Non-conforming substitute forms may result in processing delays and penalties. This revenue procedure supersedes Rev. Proc. 2024-11 and includes updated form ID codes for the first ...