The Top 10 Reasons to E-file your Form 941 with TaxBandits for the First Quarter of 2021

The 941 is due to the IRS this Friday!

The deadline to file your business’ Federal Form 941 for the first quarter of 2021 is almost here! The first quarter deadline is this Friday, April 30, 2021. If you are seeking a last minute e-file solution, or if you have begun e-filing with TaxBandits and need some last minute motivation to finish your form, keep reading!

These are the top ten reasons to choose TaxBandits this quarter.

TaxBandits Keeps it Simple

The TaxBandits application is designed for convenience and simplicity. After a decade as an industry leader in IRS e-filing, we have taken what we have learned and used this to create an easy and intuitive e-filing process. All the necessary tools for filing the Form 941 are built-in. 

TaxBandits Keeps it Secure

Data security is our top priority. TaxBandits stays ahead of the industry standard for security, one of the ways we do this is by being SOC 2 Compliant. This means that every step is taken on our end to ensure that your sensitive business information is protected to the fullest extent. As a TaxBandits client, you can take advantage of Multi-factor Authentication to add an additional layer of security to your own account. 

TaxBandits Keeps 941 Updated

As you may know, Form 941 has continued to undergo changes throughout the COVID-19 pandemic as legislation like the CARES Act was introduced to provide tax relief. The TaxBandits team is here to help you understand any new changes to the form from quarter to quarter. 

To learn more about the changes in Form 941 for the first quarter of 2021, click here.

TaxBandits Includes the 941 Worksheet 

The 941 Worksheet 1 is a helpful tool that the IRS created to help employers determine the COVID-19 tax credits for which they are eligible. This worksheet is built-in to the TaxBandits filing flow, making it easier and quicker to make your tax credit calculations. 

TaxBandits Offers Zero Filing

Not all employers have made payments to their employees during the first quarter of 2020, yet they are still required to file Form 941. For these clients, the TaxBandits team created the Zero Filing Feature. This allows clients to indicate that they made no payments to employees and skip through the Form 941, only completing the needed information. This makes for quick and error-free filing. 

TaxBandits Enables you to Pay the Balance Due

Making your payment to the IRS is hasslefree with TaxBandits. You can choose to make a payment to the IRS using Electronic Funds Withdrawal (EFW), after transmitting the return, the IRS will move forward withdrawing the payment. You can also use your Electronic Federal Tax Payment System (EFTPS) account. If you opt to make a payment by check or money order, a Form 941-V payment voucher will be auto-generated. You can then send your payment at your own convenience. 

TaxBandits Supports Schedule B

All semi-weekly depositors are required to file 941 Schedule B and attach this to their Form 941. TaxBandits builds the Schedule B into the e-filing process and clients who are required to file this form can complete it while filing Form 941.

 To learn more about Schedule B, click here.

TaxBandits Supports Schedule R 

Clients that are filing aggregate 941 forms are required to complete Schedule R. This generally includes CPEOs, PEOs, and 3504 reporting agents that are filing Form 941 on behalf of their clients. TaxBandits supports Schedule R and offers specific features for tax professionals, like our bulk upload feature.

TaxBandits Supports 941-PR and 941-SS

There are a few different variations of the Form 941. This includes the Form 941-PR for employers located in Puerto Rico. The Form 941-SS is used by employers in US territories such as Guam, American Samoa, the Commonwealth of the Mariana Islands, and the U.S Virgin Islands. These employers can easily file these variations with TaxBandits, we even offer spanish speaking customer support options!

TaxBandits Simplifies E-signing your 941

Once you have completed your Form 941, you are ready to sign it and send it on it’s way to the IRS. With TaxBandits, e-signing your form has never been simpler. Employers who have been assigned an Online Signature PIN by the IRS can simply use this to e-sign their form.

Employers who don’t have an Online Signature PIN can e-sign using the Form 8453-EMP. In the meantime, be sure to apply for an Online Signature PIN through TaxBandits, this is a free service that we offer!

So, are you ready to get started? Create your free TaxBandits account now! Already an existing client? Simply follow this link to sign in and start e-filing!

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