What is Quarterly Federal Tax Form 941?
The Form 941, Employer’s Quarterly Tax Return, is used to report employment taxes. If you own and operate a business with employees, you will need to file IRS Form 941 quarterly. 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.
Are you ready to prepare your Form 941? Get started with TaxBandits and easily file Form 941 for 2019 tax year or even 2018. Start Filing Now
Form 941 Quarterly Filing Deadlines for 2019 Tax Year
First Quarter
January - March
April 30, 2019
Second Quarter
April - June
July 31, 2019
Third Quarter
July - September
October 31, 2019
Fourth Quarter
October - December
January 31, 2020
It takes only a few minutes to file your 941 with the IRS
Required Information to File Form 941 Online for 2019
- Employer Details: Name, EIN, and Address
-
Employment Details:
- Employee Count
- Medicare Tax and Social Security
- Deposit Made to the IRS
- Tax Liability (Monthly/Semiweekly)
- Signing Authority Information
- Online Signature PIN or Form 8453-EMP
How to E-File Form 941 for 2019 with our Software?
It's that simple to file your 941 form with TaxBandits.
Just follow the below steps and complete your filing.
- Sign in or create your TaxBandits account
- Select “Form 941”
- Enter employer details
- Choose tax year/quarter
- Follow our interview-style process
- Enter the deposit made to the IRS
- Enter your deposit schedule and tax liability
- Enter the online signature PIN, or complete Form 8453-EMP
- Review, pay, and transmit your form directly to the IRS
Getting started with our software is simple and FREE. Create forms easily and transmit directly to the IRS at just $4.95/return. You pay only when you are ready to transmit your return to the IRS.
Signing Form 941
The IRS requires an Online Signature PIN to complete Form 941 to ensure that the person filing has the proper authorization by the company or business. If you don’t possess 94x Online Signature PIN, you can still complete 941 filing using Form 8453-EMP.
TaxBandits support Form 8453-EMP where you can e-sign it instantly when you are filing your Form 941 online. And if you don't have an Online Signature PIN, you can apply it for FREE using TaxBandits.
Penalties for not filing Form 941 on time
Failure to file form 941 by the deadline will result in a 5% penalty on the tax return for each month the return is late. This penalty caps at 25%. The IRS will also heavily penalize you for late payment or not paying the full amount owed. You will be charged 2-15% of the unpaid tax determined by the number of days it remains unpaid. To learn more about Form 941 penalties for not filing & not paying the taxes.
Late deposit penalty amounts are determined using calendar days, starting from the due date of the liability.
Is the penalty for filing late keeping you up at night? Start filing your 941 tax return with our easy-to-use software and rest easy knowing you avoided the penalties. You can e-file your Form 941 with us even if the deadline is minutes away (but we don’t recommend waiting that long).
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