About Form 941

Form 941 is an employer’s quarterly tax form filed by employers to report federal, income tax, social security tax, and Medicare tax withholdings from the employee’s paycheck. This information must be reported to the IRS every quarter.

Why should You File 941 Online?

We are IRS authorized e-file provider, which helps you efile your Form 941 more easily. There are instant error checks in the application, making sure that you do not make any basic errors or leave out any fields. Not only make your filing easier, but it also saves you a lot of time. You can also check the status of your return at any time. We make sure your information is safe and secure with us.

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When to File Form 941?

Form 941 is an employer’s tax return that must be filed every quarter. The deadline to file your Form 941 falls on the last day of the month, following the end of the quarter. If the deadline falls on a Saturday, a Sunday, or a legal holiday, you must file your return within the next business day. Here are the deadlines for each quarter in 2020.

Quarter 1

First Quarter

April 30, 2020

Quarter 2

Second Quarter

July 31, 2020

Quarter 3

Third Quarter

November 2, 2020

Quarter 4

Fourth Quarter

February 1, 2021

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

Due to the effects of the pandemic, the IRS had to make some changes to the existing Form 941 return.

The new updated Form 941 addresses the issues raised due to the impact of COVID-19 by allowing qualifying employers to defer deposits on their payroll taxes, obtain employment tax credits, apply for Payment Protection Program (PPP) loans, and claim payments towards advance credits.

Employers must submit the new revised Form 941 while filing for the second quarter in 2020.

How to File Form 941 Online?

You can e-file your Form 941 smoothly and complete your return in minutes. Here are the steps to e-file your Form 941 return.

  • Select “Create New Form 941”.
  • Enter the required business details.
  • Enter the required employer details.
  • Choose the appropriate Tax Year/ Quarter.
  • Complete the remaining steps through the interview-based filing.
  • Enter the amount of deposit made to the IRS.
  • Enter your deposit schedule (monthly/semiweekly) and tax liability.
  • Enter the online signature PIN or file and submit Form 8453-EMP.
  • Review, pay, and transmit the Form directly to the IRS.

Penalty for Not Filing Form 941?

The penalties for not filing Form 941 within the deadline will be 5% of your total tax due for each month until it reaches a maximum of 25%. If you can show a reasonable cause for not filing your Form 941 return on time, the IRS will consider removing your penalties.

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

Mailing Address of Form 941

The mailing address of your Form 941 return will vary based on your state and the inclusion of payment along with your return. The IRS will require you to mail your Form 941 return to a different address if you don’t have a legal business residence or principal office in the United States.

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

Ready to File Form 941 Online?

E-file Form 941 directly to the IRS in minutes.