The Small Business Owner’s Guide to Meeting the Form 941 Deadline

The Form 941 is a crucial form that employers must file on a quarterly basis. Businesses with hundreds of employees all the way down to small businesses with a handful of employees are required to file. This form is key to remaining IRS compliant. 

If you are unsure about how to file this form, if you need to file this form, or when this form is due, you have come to the right blog!

We are covering all things about Form 941, just in time for the deadline on April 30, 2024!

Who is required to file Form 941? 

All employers that pay wages which are subject to income, social security, and Medicare tax withholding must file the Form 941 with the IRS on a quarterly basis. The Form 941 is always due to the IRS on the last day of the month following the close of the quarter. For example, the First quarter of 2024 officially ended on March 31, 2024, therefore reporting to the IRS is due on April 30, 2024. 

Form 941, the Employer’s Quarterly Federal Tax Return was designed for employers to report their tax withholding amounts during the quarter accurately to the IRS. 

How should I file the Form 941 with the IRS? 

When it comes to the method of filing, you can file 941 electronically or mail a paper copy. As an IRS e-file provider, we are obviously a fan of electronic filing, but so is the IRS! This is actually their preferred method! Not only is e-filing easier for you, it is also easier for the IRS. They are able to process electronic forms at a much faster rate. This is good news for you, as you will be notified sooner rather than later on the status of your form. 

When it comes to e-filing, ExpressE-file offers the lowest pricing in the industry. Small businesses will now be able to file easily and accurately while spending less money than they would paper filing! Postage fees, trips to the post office, and time spent doing manual calculations all make paper filing a much more complicated process than it needs to be. 

e-file Form 941 with ExpressE-file today starting at just $5.95! 

File Form 941 with ExpressE-file in just 3 Easy Steps!

Gather your wage information for the quarter and file by following this simple process!

  1. Fill out the fields in Form 941 for 2024.
  2. If you are a Semi-weekly depositor, you should also fill out 941 Schedule B along with Form 941.
  3. Make your payment to the IRS while filing using either EFW or EFTPS. If you want to make a payment by check or money order or by credit card, you can do so after transmitting the 941 Form
  4. E-sign, Review, and Transmit your Form 941 to the IRS. You can e-sign easily using either your Online Signature PIN or Form 8453-EMP. 

Ready to get started and meet your IRS deadline? Create your free ExpressE-File account now!

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