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
Form 8453-EMP
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.
Bulk Upload
Use our bulk upload template to eliminate the time taken manually entering the 941 data.
Exclusive Pro Features for Tax Professionals
Client Management
Client Management helps CPAs, Tax professionals, and business owners manage their clients more effectively. Specifically, it allows you to invite clients to a separate portal and communicate with them for any tax filing-related queries.
Staff Management
As an advanced system, staff management increases the accuracy of your workflow by ensuring that staff members have access to the information they need to perform their job responsibilities and that their roles are clear.
Automated Reports
Our reporting feature in TaxBandits simplifies tax compliance and financial reporting for businesses and organizations, enabling them to stay organized, accurate, and up-to-date.
Record Keeping
As the IRS requires, all the Form copies are stored on our secure HIPAA-compliant server for up to 7 years. You can always log in to your TaxBandits account and download or print copies of the form anytime.
E-File your Form 941 in just a Few Simple Steps
Save your time and Simply your filing with TaxBandits
Success Starts with TaxBandits!
The Smart Choice of every 941 Filers
Frequently Asked Questions on Printable Form 941
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.
Click here to learn more about Form 941.
How to fill out Form 941?
Form 941 requires the following information:
-
Employer Details : Name, EIN, and Address
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Employer Details :
- Employee Count
- Employee Wages
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Taxes and Deposits
- Federal Income Taxes
- Medicare and Social Security Taxes
- Form 941 Worksheets
- Deposit Made to the IRS
- Tax Liability for the Quarter
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Signing Form 941
- Signing Authority Information
- Online Signature PIN or Form 8453-EMP
Learn More about the Form Form 941 Instructions.
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.
Quarter | Reporting Period | Due Date |
---|---|---|
Quarter 1 | Jan, Feb, and Mar | April 30, 2024 |
Quarter 2 | Apr, May, and Jun | July 31, 2024 |
Quarter 3 | Jul, Aug, and Sep | October 31, 2024 |
Quarter 4 | Oct, Nov, and Dec | January 31, 2025 |
File your return before the deadline to stay tax compliant
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.
Click here to know more about 941 penalties.
Free Guide for Tax Filers
Download our FREE guide to learn more about Form 941.
The guide includes:
- An Overview of Form 941
- Changes in Form 941 for 2024
- Due Dates, Filing Instructions for 2024, and more
Helpful Resource for Form 941
Useful Videos to help Tax Filers
Know what our Customers Feel about TaxBandits
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