Fillable Form 941 for 2023:
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Why Choose TaxBandits?
Zero Reporting Feature
If you don't have any taxes to report on Form 941, select the "no payments were made" option and file your form in half the time!
Schedule B (Form 941)
TaxBandits supports 941 Schedule B for reporting tax liability and semiweekly deposit schedules. It is built into the 941 e-filing process
If you don't have an Online Signature PIN, don't worry! You can always use Form 8453-EMP to e-sign your Form 941 through TaxBandits.
Use our bulk upload template to eliminate the time taken manually entering the 941 data.
Create a Printable Form 941 in a Few Simple Steps
Create Printable Form 941 using our Form 941 Generator
TaxBandits - The Smart Business Owners Choice
I’m so excited! I used another software for years just to process 1 paycheck monthly submit my monthly tax deposits, 4 Quarterly 941’s & 1 annual 940 Form. They charged me $39/month (no physical check - just the bookkeeping for it, I personally transferred the money myself from business to personal checking each month). That service cost $468/year - quitting them & using TaxBandits for those 4 Quarterly & 1 Annual 940 Reports will cost me approximately $25 annually - a SAVINGS of $443.00TaxBandits for those 4 Quarterly & 1 Annual 940 Reports will cost me approximately $25 annually - a SAVINGS of $443.00!! YAHOO!!! THANKS!- Judy T - Florida
So easy and convenient! I struggled for years preparing the 941 and 940 returns and getting to the post office in time. The fee to file with TaxBandits is less than the certified mail with a return receipt and the forms always come out very professional!
- Kim L - New Jersey
Excellent! Completing tax filings with TaxBandits is very easy, accurate, and fast. I’ve tried other tax filing services, and TaxBandits is by far the absolute best.- Joe A - Texas
So easy and convenient! I struggled for years preparing the 941 and 940 returns and getting to the post office in time. The fee to file with TaxBandits is less than the certified mail with a return receipt and the forms always come out very professional!- Kim L - New Jersey
Frequently Asked Questions
What is Form 941?
IRS Form 941, Employer’s Quarterly Tax Return, is used to report employment taxes. Employers who own and operate a business with employees need to file IRS Form 941 quarterly and 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.
How to fill out Form 941?
Form 941 requires the following information:
- Employer Details: Name, EIN, and Address
- Employee Count
- Employee Wages
- Taxes and Deposits
- Signing Form 941
When is Form 941 Due?
Form 941 is generally due by the last day of the month following the end of the quarter. You are required to file Form 941 for each quarter.
- First-quarter (JAN, FEB, MAR) is due on May 01, 2023.
- Second-quarter (APR, MAY, JUN) on July 31, 2023.
- Third-quarter (JUL, AUG, SEP) on October 31, 2023.
- Fourth-quarter (OCT, NOV, DEC) on January 31, 2024. File Now
Visit https://www.taxbandits.com/form-941/form-941-due-date/ to learn more about Form 941 Deadlines.
What are the penalties for late filing of Form 941?
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 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.
Helpful Resource for Form 941
IRS Form 941 Changes for Q1, 2023
The IRS has updated Form 8974, to allow small businesses to claim a tax credit of up to $250,000. Worksheet 1 and 2 have been updated, and the social security wage base limit has been changed.
Form 941 instructions
TaxBandits has provided the complete guide that contains line by line instructions to file form 941. Read this resource article and get to know about each line of your Form 941.
Form 941 Worksheets
IRS has made 5 worksheets for the credit calculation of sick & family leave and employee retention. Read through this article to learn more about the worksheets and their purposes.
Form 941 Schedule B
If you are a semiweekly schedule depositor, you must complete Schedule B (Form 941) so that the IRS is able to reconcile your business’ wages and withholdings and process
your tax payments.