IRS Form 941
Hassle-free data extraction from IRS Form 941 in real time with Docsumo Intelligent OCR API
Process IRS Form 941 much faster with Docsumo’s intelligent OCR technology. Enjoy the benefits of improved accuracy and better turnaround time. Smooth data validation with minimal setup requirement.
Challenge
Employers use form 941 to file quarterly report on withheld federal income taxes from employee paychecks and amounts due based on your employees' Medicare and Social Security wages. It's a crucial document needed for Covid-19 related tax relief programs.
Processing hundreds of forms manually per day can invite all kinds of manual errors and makes the overall process painfully slow. On top of that, it adds to the overall processing cost.
Solution
With Docsumo, free up your essential resources by automating form 941 processing with 98% accuracy.
Standard fields that are extracted
You can easily add, delete and move any field.
Employer ID number
Name
Trade name
Address
Foreign Address
Number of employees
Wages, tips, and other compensation
Taxable social security wages
Total taxes before adjustments
Adjustments
Non-refundable credits
Employer ID number
Name
Trade name
Address
Foreign Address
Number of employees
Wages, tips, and other compensation
Taxable social security wages
Total taxes before adjustments
Adjustments
Non-refundable credits
Docsumo Advantage
< 30 sec
Processing Time
Reduce turnaround time from hours to minutes.
99%+
Accuracy
Reduce manual errors and get precise data
70%
Cost Reduction
Halve your cost of operations when processing 50k+ statements/month.
Features
Scan form 941 and detect inaccuracy in real-time without needing technical skills or coding.
Amazingly Fast Processing
It takes less than a minute to import a document, process it, extract all data fields from it and send the data to other apps.
Batch Uploads
Simply drag and drop documents from your local disk to upload your files in batches. You can also use our API or cloud integrations to automatically import your documents.
Easily Download Data
Docsumo converts PDF to CSV, Excel, JSON and XML files formats. You can download extracted data for any date range in the format you like.
Extract Tables
Extract multipage tabes from PDF bank statements and convert them to excel or JSON data for downstream processing.
Integrate with API or Webhooks
Docsumo makes it very simple to send extracted data to any other software with APIs & webhooks out of the box.
Advanced Image Processing
Advanced image preprocessing (deskewing, noise reduction, contrast correction) gives higher data extraction accuracy.
Smart Filters
Apply filters for dates, numbers and other regular expressions to extract data in desired format.
Amazingly Fast Processing
It takes less than a minute to import a document, process it, extract all data fields from it and send the data to other apps.
Batch Uploads
Simply drag and drop documents from your local disk to upload your files in batches. You can also use our API or cloud integrations to automatically import your documents.
Easily Download Data
Docsumo converts PDF to CSV, Excel, JSON and XML files formats. You can download extracted data for any date range in the format you like.
Extract Tables
Extract multipage tabes from PDF bank statements and convert them to excel or JSON data for downstream processing.
Integrate with API or Webhooks
Docsumo makes it very simple to send extracted data to any other software with APIs & webhooks out of the box.
Advanced Image Processing
Advanced image preprocessing (deskewing, noise reduction, contrast correction) gives higher data extraction accuracy.
Smart Filters
Apply filters for dates, numbers and other regular expressions to extract data in desired format.
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