Happy New Year! As you get back into the swing of things from the holidays, it is easy to overlook the upcoming 4th quarter 941 Form 2018 deadline on January 31st.
As an employer, you are required to report employment taxes quarterly using IRS Form 941. Understanding how busy this season is for you and your business, we have gathered the information you need to know how to quickly file your 941 Form 2018.
How To Quickly File Your 941 Form 2018
Form 941: Employer’s Quarterly Federal Tax Return
IRS Form 941, the Employer’s Quarterly Federal Tax Return, is used to report tax withholdings from your employees’ paychecks. Whether you have 1 or 100 employees, you are responsible for withholding social security, income, and Medicare tax from each of your employees’ paychecks.
Furthermore, Form 941 is also used to calculate the employer’s portion of Social Security and Medicare tax and must be filed on a quarterly basis with the following deadlines:
April 30 – First Quarter
July 31 – Second Quarter
October 31 – Third Quarter
January 31 – Fourth Quarter
Note: The final 941 Form 2018 quarterly filing deadline is on January 31, 2019.
Steps To File IRS Form 941
Handling your quarterly IRS Form 941 requirements is easy when you have the help of TaxBandits! We even offer e-filing for W-2s and 1099s, which you can file using just one account.
Here’s how you can easily file your 941 Form by the upcoming January 31 deadline:
- Employer Details (name, EIN, and address)
- Total Employee Count
- Medicare tax and Social Security tax withheld
- Deposit made to the IRS
- Tax Liability Schedule (monthly/semi-weekly)
- Signing Authority information
- Online Signature PIN or Form 8453-EMP
Conveniently Download & Print Your 941 Form 2018
Stay ahead of the game when you take advantage of the TaxBandits Print Center which grants you the ability to instantly download and print your 941 Form 2018 once transmitted to the IRS.
Conveniently view, download, and print your transmitted forms from any location at any time for both the current and previous tax year, including payer/employer, recipient/employee, and state copies.
You even have the option for a TaxBandits representative to print your form and postal mail it from our headquarters in Rock Hill, SC.
File Now & Avoid IRS Penalties
Despite the partial closure of the IRS due to the recent government shutdown, you can still incur expensive IRS penalties if you fail to file your employment taxes by January 31st.
Avoid Form 941 penalties by completing your return with TaxBandits. Simply create a free account and follow the interview-style guide which will walk you through the entire process step-by-step.
Best of all, if you need any assistance our dedicated, US-based support team is here to help. Give us a call Monday – Friday from 9 AM to 6 PM EST at 704.684.4751. We also offer live chat and 24/7 email support at support@TaxBandits.com.