Compared to paper filing your Form 941, e-filing is much more easy and efficient. Using an IRS-authorized e-filing provider can help ensure that your Form 941 return is filed quickly, easily, and accurately. With an authorized e-file provider such as 123PayStubs, you can file Form 941 securely and receive your filing status instantly.
In order to e-file Form 941, you can follow these simple steps below to complete your Form 941 and transmit it to the IRS.
Form 941 must be filed quarterly. The deadline for filing Form 941 is one month following the last day of the reporting period. Here are the calendar deadlines for filing Form 941
(Jan, Feb, and Mar)
May 01, 2023
(Apr, May, and Jun)
July 31, 2023
(Jul, Aug, and Sep)
October 31, 2023
(Oct, Nov, and Dec)
January 31, 2024
If you miss filing your Form 941 before the deadline, you may incur a penalty of 5% of the total tax amount due. Following, you'll be penalized an
additional 5% each month you don’t file for
up to 5 months.
If you pay the full amount of taxes owed, the IRS will charge you a 0.5% tax of the unpaid tax amount.
You can file your return now with us to avoid the 941 penalties.
You should file Form 941 to report payroll taxes and employee wages to the IRS. Form 941 also reports federal income and FICA taxes each quarter. If you are a semi-weekly depositor you must complete Form 941 Schedule B.
If you own and operate a business with employees, you will need to file quarterly Form 941. You, the employer, are responsible for withholding federal income tax, social security tax, and Medicare tax from each employee’s salary. This form is also used to calculate the employer's portion of Social Security and Medicare tax.
Information you report on Form 941 includes wages paid to employees, reported tips, federal income taxes withheld, Social Security and Medicare taxes (both employee and employer portions), and additional taxes withheld.
