The deadline for filing your 3rd quarter IRS Form 941 2019 is Thursday, October 31, 2019. If you own and operate a business with employees, you are required to file IRS Form 941 quarterly to report employment payroll taxes.
If you failed to file and pay by the 3rd quarter 941 deadline, you could be facing expense IRS penalties. You need to file as soon as possible! The sooner you complete your return, the better. Your penalty amount is partially based on the time it takes you to file after the deadline.
To help you file we have put together a list of 20 things you need to know about IRS Form 941 2019 so you can file correctly the first time.
The 20 Top Questions About IRS Form 941 2019
1. What is Form 941 and what is it used for?
IRS Form 941 is the Employer’s Quarterly Tax Return, which is used to report employment taxes. Click here for more information on the 941 tax return.
2. Who must file Form 941?
If you own and operate a business with employees you are required to file IRS Form 941 quarterly. As an employer, you are responsible for withholding federal income tax, social security tax, and Medicare tax from each of their employee’s salary. Learn more about Form 941 and its filers here.
3. Where to file Form 941?
You can e-file IRS Form 941 electronically with any IRS-Authorized e-filer provider like our sister product, TaxBandits. To learn more about e-filing 941 Form 2019 at the last minute, click here.
4. How often is Form 941 filed?
Form 941 is filed quarterly (four times a year) with the third quarter covering the months of January, February, and March. Click here for more information concerning Form 941 Quarterly E-Filing Deadlines.
5. Generally, what is there to know about Form 941?
Employers filing IRS Form 941 for 2019 are responsible for withholding federal income tax, social security tax, and Medicare tax from each of their employee’s paycheck. The IRS Form 941 for 2019 is also used to calculate the employer’s portion of Social Security and Medicare tax. Read What You Should Know About IRS Form 941 2019.
6. Can Form 941 be signed online?
Yes, there are two ways to electronically sign Form 941; find out how to sign here.
7. What is Form 941 Schedule B used for?
Form 941 Schedule B provides your tax liability schedule for each day of the quarter. You can complete Schedule B easily with TaxBandits.
8. What is Form 941 and when must it be filed?
Form 941 is the Employer’s Quarterly Federal Tax Return and must be filed for the 3rd Quarter by October 31, 2019.
9. What are the steps to file Form 941 online?
Form 941 tax filing is simple with TaxBandits! Just follow these steps to complete your quarterly filing.
10. What are the Form 941 Quarterly filing due dates?