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.

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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.

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Standard fields that are extracted

You can easily add, delete and move any field.

General Information

Employer ID number

Name

Trade name

Address

Foreign Address

Line Items

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.

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Tell us where you are today

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This is what your document processing operations could look like tomorrow

Based on real benchmarks from Docsumo customers, this is what we project for you and your team.

80 %

Straight through
Processing

$ 0

Total Cost
Reduced

< 30 sec

Average
processing time

0 hrs

Total time
saved

$300k

Projected ROI

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.

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Watch Docsumo in action

We’d love to show you how you can increase your productivity, process your documents faster and save operations cost!