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E-file IRS Form 941 for 2024
File your quarterly payroll tax returns accurately and efficiently with TaxZerone. File Form 941 online with automatic calculations.
File Form 941 online with the IRS at the lowest price.
An affordable flat price that ensures you get the most value without breaking the bank. No complex pricing structures and surprise charges—with us, what you see is what you get!
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Complete Form 941 in 3 simple steps
Follow these steps to complete your quarterly payroll tax filing with confidence and accuracy.
Enter your tax information
Fill out employer and employment information, tax liability information, federal income taxes, social security and Medicare taxes, and total deposits and payments made during the quarter.
Pay the balance due and sign the form
Choose the payment method for paying the balance due, e-sign the return, and review the form information to ensure it’s accurate.
Transmit the return to the IRS
Securely transmit your 941 form to the IRS and get notified as soon as your return is accepted.
Information Required to File 941 Online
- Employer Details:
- - Name, EIN, and Address
- Employment Details:
- - Employee Count
- - Employee Wages
- Taxes and Deposits:
- - Federal Income Taxes
- - Medicare and Social Security Taxes
- - Form 941 Worksheets
- - Deposit Made to the IRS
- - Tax Liability for the Quarter
- Signing Form 941:
- - Signing Authority Information
- - Online Signature PIN or Form 8453-EMP
Deadline to file Form 941 for 2024 Tax Year
This quarterly form is due on the last day of the month following the conclusion of the quarter.
If the 941 due date falls on a federal holiday, the filing deadline will be the next business day.
Why choose TaxZerone to e-file Form 941?
Check out how TaxZerone simplifies Form 941 filing for your business.
IRS-authorized
Your tax filings are processed securely and in compliance with all regulations. Confidently e-file your 941 form, knowing that it will be accepted and processed by the IRS without any issues.
Smart validations
Provided with intelligent validations that act as your virtual tax assistant. This feature not only helps you save time but also reduces the chances of errors, ensuring accurate and error-free submissions.
Instant notifications
Receive real-time notifications on the status of your filing, including confirmation of successful submissions and acceptance. Know exactly where your tax return stands at any given moment.
Lowest price
File quarterly payroll tax at the lowest price in the market, without any compromise on the quality of service. No hidden fees or unexpected charges. Get the most cost-effective solution for your payroll tax filing needs.
Supports Schedule B
& Form 8974
Supports Schedule B and Form 8974, allowing you to report any tax liabilities and tax credit amounts accurately. Comprehensive support for all your tax filing requirements.
Easy e-filing
Designed to be user-friendly. With a simple, easy-to-use interface, you can complete the entire filing process in a matter of minutes. Stress-free tax filing experience that saves you time and effort.
Ready to simplify your quarterly payroll tax filing?
E-file your quarterly payroll tax form with the IRS using TaxZerone and get stay tax
Frequently Asked Questions
1. What is Form 941, and who needs to file it?
Form 941, also known as the Employer's Quarterly Federal Tax Return, is used to report payroll taxes to the IRS. Employers who withhold federal income tax, Social Security tax, and Medicare tax from their employees' wages are required to file 941 form quarterly. This form helps employers reconcile the amount of taxes withheld from employee paychecks and the employer's share of Social Security and Medicare taxes.
2. What are the deadlines for filing Form 941?
Form 941 must be filed quarterly, and the deadlines are as follows:
- Q1 (January to March): Deadline - April 30
- Q2 (April to June): Deadline - July 31
- Q3 (July to September): Deadline - October 31
- Q4 (October to December): Deadline - January 31
If the deadline falls on a weekend or federal holiday, the filing deadline is extended to the next business day.
3. Can I file Form 941 electronically?
Yes, the IRS encourages employers to file Form 941 electronically. E-filing offers several benefits, including faster processing, reduced errors, and instant confirmation of receipt by the IRS. Our platform provides a convenient and secure way to electronically file 941 form, ensuring a seamless tax filing experience.
4. What should I do if I discover an error after filing Form 941?
If you identify an error or need to make corrections after filing Form 941, you must submit Form 941-X, also known as the Adjusted Employer's Quarterly Federal Tax Return or Claim for Refund. Form 941-X should be used to correct errors related to wages, tips, taxes, and other tax-related items. Be sure to follow the instructions provided on Form 941-X and retain a copy for your records.
5. What happens if I miss the deadline for filing IRS Form 941?
Failing to file IRS Form 941 by the deadline can result in penalties from the IRS. The penalty amount is based on the number of days the return is late and the size of the employer's business. Additionally, if you fail to pay the taxes owed by the due date, you may also be subject to penalties and interest on the unpaid amount. It's crucial to file and pay on time to avoid unnecessary penalties and interest charges.
6. What are the penalties for not filing Form 941 on time?
The penalties don't stack up. The IRS doesn't apply a 10% penalty to the 2% and 5% late penalties if your deposit is more than 15 calendar days late. Your overall penalty would be 10% instead.
| No. of days your deposit is late | Amount of the penalty |
|---|---|
| 1-5 calendar days | 2% of your unpaid deposit |
| 6-15 calendar days | 5% of your unpaid deposit |
| More than 15 calendar days | 10% of the unpaid deposit |
| More than 10 calendar days after the date of your first notice or letter or The day you get a notice or letter for immediate payment | 15% of your unpaid deposit |
Learn more about Form 941 penalties for not filing or not paying the taxes.
7. What are the changes to Form 941 for the 2024 Tax Year?
Employers must be aware of Form 941 2024 changes before filing for their business.
- The Social Security wage base limit rises to $168,600 from $160,200.
- Household workers earning $2,700 or more and election workers earning $2,300 or more have to pay Social Security and Medicare taxes in 2024.
- The Form 941 COVID-19 credit for qualifying sick and family leave wages can no longer be claimed.
- After 2023, Forms 941-SS and 941-PR are discontinued. Instead, U.S. territory employers will file 941 or the new Form 941 (sp) in Spanish.
- Lines 11a–11g, 13a–13i, and 19–28 are removed from Form 941.
Refer - Revised IRS Form 941 for 2024 for more detailed information.
8. How to sign when filing 941 electronically?
To sign Form 941 electronically, follow these methods:
- Practitioner PIN Signature Method—Form 8879
- Taxpayer Selection of PIN: The ERO contacts the taxpayer to choose a 5-digit PIN. The taxpayer can authorize the ERO to input the PIN or enter it directly.
- Completion of Form 8879-EMP: The ERO completes the form with their 11-digit PIN (6-digit EFIN + 5 numeric characters) and the taxpayer’s 5-digit PIN. The ERO must sign the form.
- Retention and Transmission: Retain the signed form for three years, provide a copy to the taxpayer, and do not send it to the IRS.
- Scanned Form 8453 Signature Method
- Signing Form 8453-EMP: The entity's authorized signer signs Form 8453-EMP.
- Scanning and Attaching: Scan the signed form and attach it as a PDF to the electronic return.
- Retention: Retain a copy of the signed form, but do not mail it to the IRS.
- Reporting Agent PIN Signature Method—Form 8655
- Obtaining a Reporting Agent PIN: Apply for a five-digit PIN through the IRS e-File application process.
- Submitting Form 8655: Authorize the Reporting Agent to sign the client’s return with the five-digit PIN.
- 94x Online e-Filer Signature Method (IRS Authorized Signer)
- Registration: The Owner or Principal Officer submits a 94x Online Signature PIN Registration Application using IRS Approved E-FIling software at least 45 days before the return due date.
- Receiving the PIN: The IRS issues a 10-digit 94x Online Signature PIN for signing 94x family tax returns through approved software.
9. What is Schedule B on Form 941?
Schedule B on Form 941 is used by employers who must deposit federal employment taxes on a semiweekly basis. As an employer, federal law requires you to withhold certain taxes from your employees' pay, including federal income tax, social security tax, Medicare tax, and Additional Medicare Tax for wages over $200,000 per year. These withholdings are credited toward your employees' tax liabilities.
Additionally, employers must pay the employer share of social security and Medicare taxes, which are not withheld from employees' pay.
When filling out Schedule B, list your tax liability for each day based on the dates wages were paid. This liability includes:
- Federal income tax withheld from employees' pay
- Both the employer and employee share of social security and Medicare taxes
Do not use Schedule B to show federal tax deposits, as the IRS receives this information through electronic funds transfers.
10. How to Claim Payroll Tax Credit for Increasing Research Activities?
To claim the payroll tax credit for increasing research activities, follow these steps while filing your 2024 Form 941:
- Eligibility Check:
- Ensure your small business qualifies for the research activities credit. Typically, this applies to businesses with gross receipts of less than $5 million for the current year and no gross receipts for any tax year before the five-year period ending with the current tax year.
- Calculate the Research Credit:
- Determine your research credit based on qualifying research expenses. The IRS provides guidelines for calculating this credit.
- Complete Form 8974:
- Fill out Form 8974, "Qualified Small Business Payroll Tax Credit for Increasing Research Activities." This form determines the portion of your research credit that can be applied against your payroll tax liability.
- Filing with TaxZerone:
- Use TaxZerone to complete your 2024 Form 941. TaxZerone simplifies the process by guiding you through each step.
- Attach Form 8974:
- Ensure that Form 8974 is properly completed and attached to your Form 941. In TaxZerone, you will be prompted to attach Form 8974 during the filing process.
- Enter the Credit on Form 941:
- On Form 941, enter the amount from Form 8974 on Line 11 (credit for qualified small business payroll tax credit for increasing research activities).
About TaxZerone®
TaxZerone® is an IRS-authorized e-file service provider that helps businesses and individuals file multiple IRS forms, such as excise, employment tax, extension, information returns, and tax-exempt forms, easily and securely.
Forms
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- Information Returns
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Excise Tax Forms
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Resources
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- Form 2290 Schedule 1
- Gross Weight & Categories
- Form 7004 Instructions
- Form 7004 Due Dates
- Form 7004 Form Codes
- Form 7004 for 1042
- Form 7004 for 1065
- Form 7004 for 1120
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- Form 1099 NEC Instructions
- Form 1099 MISC Instructions
- Form 1099 INT Instructions
- Form 1099 DIV Instructions
- Form 1099 B Instructions
- Form 1099 C Instructions
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- Form 1099 PATR Instructions
- Form W-2 Instructions
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- 2024 Form W-2 Updates
- EFTPS Payment Method
- Form 941 Instructions
- Form 941 Instructions 2023
- Form 941 Signature Options
- Form 941-X Instructions
- Form 941 Due dates
- Form 941-X Due dates
- Form 941 Schedule B
- Form 941 Schedule R
- Revised Form 941 2024
- Form 940 Instructions
- Form 940 Due Dates
- Form 940 Schedule A
- Form 943 Instructions
- Form 943 Due Dates
- Form 8974 Instructions
- Form 990-N Instructions
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- Form 990-PF Instructions
- Form 990-T Schedule A
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- Form 990 Schedule D
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- FTB CA Form 199 Instructions
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