So, you’re cutting it close. Life got the best of you and now you’re frantically searching the web for solutions two days before the deadline.
It happens to the best of us. Don’t worry, we’ve got a long-term solution for you to avoid a Form 941 penalty this quarter and for quarters to come.
Even with 2 days left, our system offers a secure and quick way to get your Form 941 out of the way.
The clock is ticking, so let’s get to it!
Want To Know How To Avoid Form 941 Penalty? 2 Days Left to Learn!
What is Form 941?
IRS Form 941 is also known as the Employer’s Quarterly Tax Return. It’s used to report employment taxes due.
Each employer in the US is responsible for withholding federal income tax, social security tax, and Medicare tax from employees’ wages or salary.
This form is used to calculate the employer’s portion of Social Security and Medicare tax. It is filed four times a year.
We are in the second quarter, which is due by July 31st.
Why Should You File?
If you’re an employer of any type, you should file. Otherwise, the IRS will flood you with penalties.
The Form 941 penalty rate is not desirable. If you fail to file by the deadline, the amount you owe will grow quickly.
The late filing penalty is 5% of the total tax due, and it accrues on a monthly basis until it reaches a whopping 25%.
Let’s go ahead and avoid that.
How to Avoid Form 941 Penalty?
Wondering how to avoid Form 941 penalty? File your 941 with TaxBandits. We make it so simple that you can still meet the deadline.
With the high Form 941 penalty rate, you don’t want to be late, so file today.
Plus, if you file with TaxBandits, you won’t have to worry about future quarterly tax deadlines either. Once you create your free account, certain information is saved to make the process even easier next time!
It’s simple. Let me break it down for you:
- Create your free TaxBandits account
- Select “Form 941”
- Add employer details
- Choose tax year/quarter (2019/2nd)
- Follow our easy interview-style process
- Enter the deposit made to the IRS
- Enter your deposit schedule and tax liability
- Add your online signature PIN or complete Form 8453
- Review, pay and send directly to the IRS
That’s right, you can even sign your 941 Form online. Use your IRS online signature PIN or complete Form 8453.
If you choose the Form 8453 route, we’ve got that taken care of too! Just download it from TaxBandits, complete it, and upload it back into our system.
It’s quick and painless.
The Form 941 penalty isn’t as painless.
Avoid Form 941 penalty rate and file today. In fact, file right now while it’s on your mind!