123PayStubs is Now Accepting Form 941 Returns for Q1 of 2022!

E-file Q1 Form 941 now with 123PaySubs.

The first quarter of 2022 has come to a close, which means it is now time to file quarterly payroll tax Form 941. If you need to file Form 941, 123PayStubs has you covered. 

The quarter 1 Form 941 is now available to e-file in 123PayStubs. Getting started early will ensure you have plenty of time to complete and file your return.

Here’s what you need to know to get started: 

Do I need to file Form 941? 

Employers that pay wages subject to income taxes, Medicare taxes, and social security taxes are required to file Form 941 to report these withholdings. 

Once a business files its first Form 941, they are required to file one for every quarter regardless of whether or not they have paid wages. This obligation will end once a business files its final return. 

When is the first quarter deadline?

The deadline to file quarter 1 Form 941 is May 02, 2022. 

Are there updates to Q1 Form 941? 

There are a few changes to Form 941 for the first quarter of 2022. These updates are a result of the COVID-19 tax relief programs that have expired. 

  • The lines related to the employee retention credit (11c, 13d, and 22) are now “reserved for future use.”
  • The lines related to the total advance of credits (13h and 13i,) are now “reserved for future use.”
  • Line 18 has only one option again, indicating if you are a seasonal employer 
  • Only worksheets 1, 2, and 3 are needed 

The social security wage base for 2022 is $147,000. 

File with 123PayStubs

Ready to begin filing quarter 1 Form 941? Create your free 123PayStubs account now and get started filing! When filing, you can take advantage of 123PayStub’s time-saving features

Easy-to-use Dashboard

123PayStubs’ efficient software and east-to-use dashboard make e-filing 990 series returns quick and simple. Users can track the status of their returns, manage account information, and continue filing incomplete returns at any time all from their account dashboard. 

Built-in Audit

123PayStub’s internal audit will review your 941 return for IRS instruction errors to ensure the transmission of an error-free return. If your return does have errors, you can easily go back to make any necessary corrections. 

Automatic Tax Calculations

123PayStubs helps calculate the field of your form to avoid any errors that could result in an IRS rejection. Automatic calculations will also make your filing process quicker and easier. 

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