A Simple Guide for Filing Form 941 for 2021

Meet your Form 941 filing deadline with ease at 123PayStubs

For starters, everyone should be taking advantage of e-filing when submitting their tax forms to the IRS in 2021. Compared to paper filing your Form 941, e-filing is much more easy and efficient. Through e-filing with 123PayStubs, you can expect straightforward and quick processing of your Form 941. 

What is Form 941? 

Form 941 is the Employer’s Quarterly Federal Tax Return. This form is filed by employers that pay employees wages that are subject to income tax, social security tax, and Medicare taxes. 

Form 941 is filed with the IRS quarterly. The IRS also typically adjusts this form on a quarterly basis to reflect various tax relief and legislation passed to help small businesses. 123PayStubs will always keep track of these revisions and provide you with the most updated forms. 

It is crucial to file your Form 941 on time so that you don’t incur any penalties from the IRS. The deadlines for filing this form in 2021 are listed in the table below:

FirstApril 30, 2021
SecondAugust 2, 2021
ThirdNovember 1, 2021
FourthJanuary 31, 2021

E-file Form 941 with 123PayStubs

The second-quarter filing deadline, August 02, 2021, for Form 941 is right around the corner! Let 123PayStubs help you prepare and e-file Form 941 for the second quarter. Follow these simple steps below to e-file your 941 with 123PayStubs:

  • Step 1: Enter Form 941 Information
    • Choose the quarter and fill in basic information such as business name, EIN, and company address
    • Enter the employee count, wages, and taxes withheld 
    • Enter the scheduled deposit and tax liability for the quarter
    • Complete Schedule B and Form 8974 if required
  • Step 2: Sign Form 941
    • To complete Form 941, you’ll have to sign Form 941 using Form 8453-EMP or 94x Online Signature PIN
    • If you have an online signature PIN, you can continue to file the form by entering the 5-digit PIN, or you can use Form 8453-EMP to sign and approve your Form 941
  • Step 3: Pay Balance Due (if any)
    • If you’ve any balance due that needs to be paid to the IRS, you can do so by using our application. Payment modes include electronic funds withdrawal (EFW), electronic federal tax payment system (EFTPS), and check or money order. Simple choose the IRS payment option that works best for you and pay your balance due,
    • If you opt to pay through check or money order, you’ll have to mail Form 941-V to the IRS. You can download Form 941-V, once you e-file Form 941 with the IRS.
  • Step 4: Review and transmit directly to the IRS
    • Review your form for any mistakes or typos before transmitting it to the IRS. 123Paystubs offers unlimited corrections at no additional cost.
    • Finally, transmit your form to the IRS. 123PayStubs will provide you with the filing status instantly. 

Start Using 123PayStubs Today!

Whether you’ve been generating professional pay stubs with us or just need an easy way to meet your August 02, 941 deadline, we’re here to help. If you have any issues or questions while filing, our 100% U.S.- based support team is here to assist you along the way.  Ready to file 941 online? It’s simple, quick, and accurate. 

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