941 Employer's Quarterly Withholding Tax Return

Form 941 Employer's Quarterly Withholding Tax Return is a tax return used to pay employment taxes. You can make your Federal Tax Deposits by going to www.eftps.com.

Depending on how much you owe in payroll taxes for your "look back period", your business will either have to make Federal Tax Deposits monthly or "semi-annually".  For really small tax liabilities a business may be allowed to pay the tax with their 941 Return. Consult the IRS for more information. You will need to get Circular E for information about payroll taxes.

Monthly depositors should make their Federal Tax Deposits by the 15th of the month. This is 15 days after the end of the month that you intend to pay.

Form 941 should be filed quarterly one month after the end of the quarter. So the 1st quarter 941 return is due on April 30.

You should file 4 returns a year. There are payroll tax services that can help you with your payroll tax returns. You don't want to fall behind with your 941 taxes as the IRS can be quite aggressive when it comes to collecting these taxes. It is important for a business to remain in compliance with their filings and deposits.

Form 941 Employer's Quarterly Withholding Tax Return is a relatively simple form. It is only 2 pages for monthly depositors. Semi-weekly depositors should also complete Schedule B. It is important to make sure that you sign the return or the IRS will not process the return. Then you could rack up Late Filing Penalties.

If you are using www.eftps.com, then you will need to schedule your payment a day in advance. You will also have to open an account. You will need to provide banking information such as account numbers. They will send you a PIN so that you can Log In. Make sure that you know your EIN (Employer Identification Number). Every business that has employees should have an EIN. Use Form ss-4 to get an EIN.

PFGTAX can help you if you fall behind with your 941 taxes.

Why is PFGTAX calling me? Can they help me with taxes? This is a review of PFGTAX.

PFGTAX is the web address for Phoenix Financial Group?  PFGTAX has licensed tax attorneys and enrolled agents who specialize in resolving tax debts. If you have a Revenue Officer breathing down your neck and threatening your business, call (888) 572-2179.

Are you receiving letters like Letter 1058 - Final Notice of Intent to Levy or CP504 Notice of Intent to Levy?  If so, time is running out. You or your business may be in imminent danger of having your bank accounts levied or your wages garnished.

If you owe 941 Withholding Tax, we can help you get into compliance. Ask us about ADP, where our client's get discounted payroll service prices. Click here for 941 help.

Need an Offer in Compromise? PFGTAX can help.

Need a Levy Released? PFGTAX can help.

Need an Installment Agreement?  PFGTAX can help.

PFGTAX serves client's nationwide. Our main office is located at:

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Broomfield, CO 80021

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Visit Phoenix Financial Group or Offer in Compromise for more information.