a brief summary about the 941 form, state mailing addresses for the quarter + tips for submitting your 941 forms faster.
When companies make payments to employees, they have to withhold certain federal taxes from the income paid. this is called tax withholding. Form 941 requires employers to report the amount withheld in addition to reporting the employer’s share of social security or health insurance tax.
If you are an employer and have completed your tax information return with Form 941, your next steps would be to mail the IRS Form 941 or file the forms online.
In light of the safety of taxpayers in light of the virus outbreak and in an effort to promote electronic filing, the IRS encourages taxpayers to choose electronic filing over paper filing. The IRS even lowered the threshold for paper filing of certain forms, indicating that the threshold will lower further with each tax year.
For now, let’s focus on Form 941 and the various ways to file the federal form efficiently and securely.
You can choose to jump to what you’re looking for with the quick links below.
quick links
- what is form 941?
- when does form 941 expire?
- form 941: late filing penalties
- where to send form 941?
- file form 941 easily in 3 steps
Important information about the 941 will be briefly discussed below.
then, let’s get to it.
what is form 941?
form 941 is an irs information return. used to report income taxes, social security tax, or health insurance tax withheld from employees’ pay. If you are an employer and have withheld prior taxes from your employee’s wages, then you will probably need to file Form 941 for each quarter.
when does form 941 expire? / what is the expiration date of model 941 in 2022?
The IRS requires taxpayers to file Form 941 at the end of each quarter as follows.
Form 941: Late Filing Penalties & unpaid taxes
The IRS requires employers to file Form 941 on or before the due date to avoid late filing of penalty assessments. the evaluation of the sanction varies according to the delay in the presentation. The longer you postpone filing your Form 941, the more penalties + interest your forms will accrue.
Note: The IRS imposes a standard 5% of the amount of unpaid tax as a late filing penalty for Form 941. The following is an overview of the Late Form Filing Penalty 941 excluding this standard figure, and only a representation of the unpaid tax penalty.
where to send form 941?
Here is a table of mailing addresses by state to make it easier to submit Form 941.
If you do not have a principal place of business or do not have a registered legal residence, you may mail your Form 941 to the address below.
if you are an exempt organization; government entity; or Indian tribal government entity, you must send Form 941 to the following address, regardless of your principal place of business or legal residence.
source: irs Alternatively, you can easily file your Form 941 online with tax1099 – a convenient approach to 941 filings.
Electronic Filing of Form 941 in 3 Easy Steps
tax1099: an irs-authorized agent lets you prepare, validate, and file your returns electronically in just three quick steps.
register here to get started.
- Step 1: Import your data with tax information
Easily import your bulk data with tax1099’s elegant integration widget. Alternatively, you can upload your excel data to tax1099 and allow our platform to complete the electronic forms for you.
- Step 2: Validate your reports
Once the forms are filled in with the correct data, you can validate the data with a variety of identity checks, such as tin matching, address validation, and other kyb checks.
- step 3: electronic filing
After thorough validation, you can choose to schedule your returns for the due date or manually file before the due date. our scheduling tool has been designed to reduce last minute stress for taxpayers during tax filing season.
start now | see what tax1099 can do for you