What are the changes in Form 941 for COVID-19?


The IRS has revised Form 941 for quarter 3, 2020, due to the Presidential Memorandum that allows employers to defer the employee share of social security taxes for qualified wages paid between September 01 and December 31, 2020. There are changes in 4 lines of Q3 Form 941.

Visit https://www.expressefile.com/form-941-changes-for-3rd-and-4th-quarter to know the changes in Form 941.

Why Should You E-File Form 941?


There are many advantages to choose electronic filing over paper filing, and we've mentioned some important ones here. When you choose to
file your Form 941 with us, you'll get the most-compelling features listed below.

E-filing is quicker and easier than paper filing

E-filing is quicker and easier than paper filing.

Instant approval of your Form 941

Instant approval of your Form 941.

Calculate your taxes automatically and accurately

Calculate your taxes automatically and accurately.

Organize all your returns in a single account.

Organize all your returns in a single account.

Know the status of your return instantly

Know the status of your return instantly.

Edit your returns any time before transmitting it to the IRS

Edit your returns any time before transmitting it to the IRS.

How to E-File Form 941?


Once you start filling the Form 941 return, you must enter the basic information about your business like EIN, business name, and business address

You will also be required to provide information about the wages paid to the employees and the taxes withheld from these wages. The calculation of taxes will be automatic upon providing the required fields. After filing your fillable Form 941, you must sign the return.Make sure to review your return before transmitting it to the IRS.

Enter Information

Step 1:

Enter Information

Sign Form 941

Step 2:

Sign Form 941

Review & Transmit to IRS

Step 3:

Review & Transmit to IRS

Deadline to File Form 941


Form 941 must be filed for every quarter. Your Form 941 deadline will be the last day of the month following the end of a quarter. If the due date falls on a Saturday, Sunday, or a legal holiday, you must file the return within the next business day. The due date for each quarter is as follows

April 30

First Quarter

April 30, 2020

July 31

Second Quarter

July 31, 2020

November 2

Third Quarter

November 02, 2020

January 31

Fourth Quarter

February 01, 2021

Mailing Address of Form 941


The mailing address for Form 941 will vary depending upon your state and whether your return includes a payment. If your business doesn’t have a legal business residence or principal office in the United States, you must mail your Form 941 return to a different address.

Visit https://www.expressefile.com/form-941-mailing-address/ to know the mailing address for each state.

Penalties For Not Filing Form 941


The IRS imposes a penalty of 5% of the unpaid tax dues, for each month the filing is late, until it reaches 25%. However, if you can show a reasonable cause as to why you haven’t filed your return in time, the IRS might consider waiving the penalties.

Visit https://www.expressefile.com/form-941-penalty/ to know more about the 941 penalties.

Ready to E-File Form 941 Directly to the IRS?


Electronic filing of Form 941 can be done at just $3.99 per return

E-File 941 Now

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