File Form 941 Electronically
Why File Form 941 electronically with Tax1099?
- TIN-Matching against IRS database
- We support other payroll forms - 940, 941-X, 941-PR, etc.
- 24*7 Live Customer Support Available
- Bulk Upload data for faster submissions
eFiling starts at $2.95/form
Overview
The IRS requires all businesses to submit Form 941 either through an authorized eFile provider or on IRS-approved paper forms. You can file Form 941, Employer’s Quarterly Federal Tax Return, electronically to the IRS with Tax1099.
Form 941: Employer’s Quarterly Federal Tax Return
IRS Form 941 is used by employers to report employee wages and payroll taxes to the IRS who then forward that information to the SSA. It includes details on employee withholdings and employer contributions for Social Security and Medicare taxes. Submission of Form 941 to the IRS is required every quarter, through either on paper via traditional mail or eFiling.
New Updates in Form 941 for TY 2023
IRS Form 941 for Tax Year 2023 has minor changes:
- IRS revised Form 8974 for Small Business Payroll Tax Credit, allowing a credit of up to $250,000.
- Modification in Line 12 of Form 8974 to reflect credit against the employer portion of social security tax.
- Introduction of Lines 13–17 on Form 8974 for the first quarter of 2023.
- IRS reintroduced Worksheet 2 for the first quarter of 2023 and adjusted the first step of Worksheet 1.
- Social security wage base limit for 2023 set at $160,200.
- Possible discontinuation of Form 941-PR and 941-SS after the 2023 tax year.
Form 941 Due Date
Form 941 for federal taxes needs to be submitted quarterly, and the submission policy is as follows:
| Quarter | Due Date |
|---|---|
| First (JAN, FEB, MAR) | May 1, 2024 |
| Second (APR, MAY, JUN) | July 31, 2024 |
| Third (JUL, AUG, SEP) | October 31, 2024 |
| Fourth (OCT, NOV, DEC) | January 31, 2025 |
Note:
- If the deadline lands on a Saturday, Sunday, or legal holiday, submit 941 tax forms by the next business day.
- Late filing of 941 forms or delayed tax payments may result in penalties.
How to file Form 941 Electronically?
When you file Form 941 online, the entire process is accomplished within a few minutes. Filing the Form 941 online is a secure procedure that can be carried out through an IRS-authorized e-provider, such as Tax1099.
They manage the eFiling of your FORM 941 directly with the IRS while providing PDF copies that you can easily print.
Tax1099's Efficient 4-Step Process for Quick and Secure Form 941 eFiling
Step 1: Create your account on Tax1099
Step 2: Select the Quarter, TY and add tax details
Step 3: Review your Form 941 data
Step 4: Submit Your Form 941 electronically to the IRS.