Updated on April 24, 2020 - 10:30 AM by Admin, TaxBandits
Employers are responsible for filing Form 941, Quarterly Federal Tax Return to report withholding, Social Security and Medicare (FICA) taxes.
Form 941 must be filed every quarter by the last day of the month following the quarter.
Form 941 must be filed even if you have no taxes to report, with the exception of seasonal employers and those who are filing their final return.
The following topics are covered in this article:
The deadline to file Form 941 for 2020 will be the end of the month following the close of the quarter:
For the first-quarter (Jan, Feb, and Mar), Form 941 is due by April 30, 2020.Due Now
For the second quarter (Apr, May, and Jun) Form 941 is due by July 31, 2020.
For the third quarter (Jul, Aug, and Sep), Form 941 is due by November 02, 2020.
*The actual deadline is October 31 which falls on Saturday.
For the fourth quarter (Oct, Nov, and Dec), Form 941 is due by February 01, 2021.
*The actual deadline is January 31 which falls on Sunday.
Note: If your taxes have been deposited on time and in full, the deadline is extended to the 10th day of the second month following the end of the quarter.
For example, May 10 is the Form 941 first quarter deadline if your taxes have been deposited in full.
E-file before the deadline with TaxBandits and Avoid late filing penalties.
You can file form 941 by electronically or paper:
Just follow the simple steps to complete and e-file your form 941 to the IRS. Choose the right authorized e-file provider from the IRS and easily complete the form. You will get instant filing status notification from the IRS.
TaxBandits is an IRS authorized e-file provider of Form 941, we provide an easy-to-use platform to file your 941 with the IRS. You can complete your filing in less than 5 minutes and the cost to file your return with the IRS is only $4.95.
Visit https://www.taxbandits.com/payroll-forms/e-file-form-941-online/ to learn more about how to efile form 941 online?
Returns sent by mail must be addressed correctly, have sufficient postage, and be postmarked by the U.S. Postal Service on (or before) the deadline. See the previous section for deadline information. Send returns via the U.S. Postal Service to one of these addresses, https://www.irs.gov/filing/where-to-file-your-taxes-for-form-941.
Visit www.taxbandits.com/form-941/941-mailing-address/ to learn more about the 941 mailing addresses.
You can avoid penalties and interest if you do all of the following: