Q2 Form 941 is Due in One Week!

Streamline your filing and meet your 941 deadline with ease!

Stephanie Glanville | July 24, 2023 | Read time: 4 minute(s) | Deadline, Form 94x Series | No Comments

5 Features to Meet Your Deadline

As a business owner, especially a small business owner, you have endless possibilities…but you also have endless responsibilities.

When it comes to IRS tax filing responsibilities, this is both intimidating and time-consuming.

The summer means exciting new ideas for your business, and possibly some exciting plans in your personal life. While the Form 941 deadline is only a week from today, this doesn’t mean you have to put anything on hold to file!

File quickly and efficiently with these seamless features. Great news, they are included for FREE in your TaxBandits business owner account!

Zero Reporting Feature

There are some cases where a business did not pay any taxable wages during the quarter, but they are still required to file with the IRS. If this is the case, TaxBandits has an easy solution. Check the box to indicate there are zero taxes to report to the IRS. TaxBandits will help you by generating zeros where they are required. This is a major time-saver.

Automatic Tax Calculations

TaxBandits understands that there are few things less exciting than pulling out your calculator and computing your tax amounts. This is why TaxBandits helps you by automatically calculating many of the amounts on Form 941 based on the information you provide.

To help you move smoothly through the process, the yellow boxes require a manual entry, and the gray boxes are calculated accordingly.

Built-in Error Checks

This is a major help when it comes to accurate reporting. The IRS Business Rules are built-in to the TaxBandits e-filing process. This means that if you enter amounts or indicate certain information that is incorrect based on the IRS instructions, TaxBandits will provide error messages and help text.

In some cases, TaxBandits will not allow you to continue past an error, as this will result in multiple other errors on the next portion of the form.

You can also easily access the IRS Form 941 instructions while filing if you need them for reference.

Attachments and Worksheets are Included

The 941 filing process with TaxBandits is a comprehensive one. When filing Form 941, employers may need to attach additional forms. For example, if your business is claiming a Payroll Tax Credit for Increasing Research Activities, you will need to complete and attach Form 8974.

Another example is Form 941 Schedule B. Employers that make deposits to the IRS multiple times a week rather than every month are considered Semi-weekly depositors. These employers are required to complete and attach Schedule B to report their total tax liability (not deposits) for the quarter broken down by day to the IRS.

With TaxBandits, you can easily complete these forms and transmit them to the IRS with your Tax Form 941.

The Sooner You Start, The Sooner You Can File!

With just a week until the deadline on July 31, 2023, there is no time to waste. Get started with TaxBandits today to file with accuracy and ease so that you can return to your summer plans!

E-file your Q2 Form 941 with TaxBandits for just $5.95 per form!