How To Avoid Form 941 Penalties

Failing to file Form 941 by its deadline can affect a business negatively — small businesses especially. For example, if you fail to file your 941 Form by the upcoming October 31 deadline, your business will incur a penalty of 5% of the total tax amount due. An additional charge of 5% per month will also be charged for each month that the return is not submitted to the IRS. This fee can accumulate for up to 5 months.


Furthermore, if your business has failed to pay an owed tax bill, you will initially be charged an additional 5% of the unpaid tax amount. This fee will also increase each month that the payment remains unpaid.If you filed your Form 941 but neglected to pay taxes owed or did not pay the amount in full, the following penalty rates will apply:

No. of Days
Following Deadline
Penalty Rate
Penalty on $3,000
(Based on Unpaid Tax Owned)
One to five days
Six to fifteen days
Sixteen or more days
10 Days After Receiving
Notice from IRS

Avoiding IRS Penalties

Businessman Frustrated with PenaltiesThe trick to avoiding these expensive penalties and fees is to stay organized and e-file with ExpressTaxFilings. Yes, that was a shameless “plug,” but that really is the best way to avoid wasting unnecessary money on failure to file fees.

Filing with ExpressTaxFilings is simple and can be completed in just five steps. With the 3rd Quarter 941 Filing deadline around the corner, you might want to “get the ball rolling” soon. Here’s what you’ll need in order to file and avoid those unwanted fees.

Required Information to File Form 941

When filing Form 941 there are two categories of information that you will need. These include:
Having this information organized and readily on hand will make your filing process a piece of cake. After all, you’ll probably celebrate with something sweet after you submit your 941 Form in no time!

1) Employer Details — Name, EIN, and Address (of the employer)

2) Employment Details:

  • Employee Count
  • Medicare Tax & Social Security
  • Deposit Made to the IRS
  • Tax Liability (Monthly or Semiweekly)
  • Signing Authority Information
  • Online Signature PIN or Form 8453-EMP

One Last Thing

IRS penalties are avoidable when you plan ahead and know where to file your Form 941 efficiently. ExpressTaxFilings, is an IRS-authorized comprehensive solution for generation and e-filing your small business tax forms.

In order to avoid penalties be sure to deposit or pay your owed IRS taxes by the deadline along with your Employer’s Quarterly Tax Return Form. Also, you will need to report your tax liability accurately.

We’re Here To Help

Head on over to and eliminate the worry of accumulating late fees or penalties by filing on time. The entire filing process is incredibly easy. All you have to do is follow the step-by-step guide to complete your form in a matter of minutes. You will be able to finish your form and transmit it directly to the IRS in no time.

If you need any assistance during this straightforward and easy filing process, have no fear! We’re here to help. If you need any assistance give the dedicated, US-based ExpressTaxFilings support team a call anytime Monday – Friday from 9 AM to 6 PM EST at 704.684.4751. We’re also available via live chat and offer 24/7 email support at

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