The IRS Form 941 E-filing Deadline for Q3 is
November 1, 2021

2021 Form 941 Due Date

Why E-file 941 with TaxBandits?

E-file is more cost-effective than paper filing

Deadlines for IRS Form 941 for the 2021 Tax Year

Updated on September 20, 2021 - 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. To calculate the refundable and nonrefundable portion of the qualified family & sick leave and employee retention credits, Form 941 Worksheet 1 can be used.

Q3 Form 941

The following topics are covered in this article:

1. What is the deadline to File Form 941 during the 2021 tax year?

The deadline to file Form 941 for 2021 will be the end of the month following the close of the quarter:

Quarter Reporting Period Due Date
Quarter 1 Jan, Feb, and Mar April 30, 2021
Quarter 2 Apr, May, and Jun August 02, 2021
Quarter 3 Jul, Aug, and Sep November 01, 2021
Quarter 4 Oct, Nov, and Dec January 31, 2022

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, you must generally report wages you pay during the first quarter - which is January through March - by April 30. If you made timely deposits in full payment of your taxes for the quarter, you may file by the 10th day of the second month that follows the end of the quarter.

For example, you may file Form 941 by May 10 if you made timely deposits in full payment of your taxes for the first quarter.

Enter your email address and start to file your quarterly Form 941.

E-file before the deadline with TaxBandits and Avoid late filing penalties.

2. How to file Form 941 for 2021?

You can file form 941 by electronically or paper:

IRS recommends e-filing of Form 941 for quick processing

If you choose electronic filing,

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?

If you choose to paper filing,

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.

3. How to avoid Form 941 Late Filing Penalties?

You can avoid penalties and interest if you do all of the following:

  • Deposit or pay your taxes on or before the deadline, using EFTPS.
  • File your fully completed Form 941 on time.
  • Report your tax liability accurately.
  • Submit valid checks for tax payments.
  • Furnish accurate Forms W-2 to your employees.
  • File Form W3 & Copies A of Form W2 with the SSA on time & accurately.

4. What are the changes to Form 941 Worksheets for 2021?

Form 941 Worksheets are used to calculate the refundable and non-refundable portions of sick and family leave wages and employee retention credits.

For the third quarter of 2021, 4 Worksheets are used:

  • Worksheet 1
  • Worksheet 3
  • Worksheet 4
  • Worksheet 5

941 Worksheet 4 is used for calculating the employee retention credit. Previously, for the second quarter of 2021, Worksheet 2 was used.

5. What are the changes to Form 941 for the 2nd Quarter of 2021?

There are many changes to the Form 941 for the 2nd quarter of 2021. These changes have been made to reflect the recently passed American Rescue Plan. Under this act employers are still able to claim sick and family leave credits and the employee retention credits, but it is no longer required to offer employees paid leave related to COVID-19. Additionally, this Act introduces another credit available to employees, the COBRA premium assistance credit.

With TaxBandits, e-filing of Form 941 becomes easy and secure with the features like in-built 941 Worksheets for credit calculation, zero filing feature and instant filing status.