Do you Need to File Form 941 for Q3? 123PayStubs can help!

Easily e-file Form 941 with 123PayStubs!

The quarter 3 Form 941 deadline is on November 01, 2021. That means the deadline is less than 2 weeks away! So, it’s time to start filing your return. 

But, before you jump right into it, it’s important you understand the Form 941 instructions and know what information you will need to provide. That way, you can get it right the first time! 

123PayStubs is here to help you meet your deadline quickly and easily! Not only can you e-file your Form 941 with 123PayStubs, but we also provide valuable features and resources that will make your filing as simple as can be. 

Here’s a short overview of the process for e-filing Form 941

Complete Business Information

Other than signing and submitting your return, this is probably the easiest portion of Form 941. At the top of Form 941, you will need to provide some basic information about yourself and your business. This will include your name, employer identification number (EIN), and your business’s name and address. You will also need to choose the quarter you are filing the return for. 

Complete Form Information

Now it’s time to get into the nitty-gritty of Form 941. IRS Form 941 contains 4 sections that you will need to complete. Here’s an overview of each section: 

Part One: To complete part 1, you will need to provide information about wages you’ve paid to employees and federal income tax withheld from their paychecks. 

Part Two: In part 2, you will need to discuss your deposit schedule and tax liability for the quarter. You will also need to answer whether you are a semiweekly or monthly depositor. 

  • Monthly schedule depositor –  If you reported $50,000 or less in taxes during the lookback period, you’re a monthly schedule depositor.
  • Semiweekly schedule depositor – If you reported more than $50,000 of taxes for the lookback period, you’re a semiweekly schedule depositor.

Part Three – Part 3 is all about discussing your business. However, not the fun stuff. In part 3 you will need to report information such as whether your business is a seasonal employer or a recovery startup business. If a question in part 3 doesn’t apply to your business, you can leave it blank. 

Part Four – Part 4 will ask whether or not you want to authorize a third-party designee to discuss your Form 941 with the IRS. An example of a third-party designee would be an employee or a paid tax preparer. 

Sign Form 941

You’re almost done! After you’ve completed all of the necessary form information, you will need to sign the form. The person signing Form 941 must be authorized to do so. Authorized people include:

  • Sole proprietorship—The individual who owns the business.
  • Corporation (including a limited liability company (LLC) treated as a corporation)—The president, vice president, or other principal officer duly authorized to sign.
  • Partnership (including an LLC treated as a partnership) or unincorporated organization—A responsible and duly authorized partner, member, or officer having knowledge of its affairs.
  • Single-member LLC treated as a disregarded entity for federal income tax purposes—The owner of the LLC or a principal officer duly authorized to sign.
  • Trust or estate—The fiduciary.

Review and Transmit to the IRS

Phew! Form 941 needs a lot of information! That’s why it’s so important to review your form before you transmit it to the IRS. If any part of Form 941 is missing or incorrect, it will not be accepted by the IRS. So, check, check, and re-check your work! 123PayStubs also has a built-in error check that will scan your form for any missing information before you transmit it to the IRS. 

Now it’s time to transmit your return. Once you submit your return you will receive your filing status instantly. You will also receive updates from 123PayStubs regarding the processing of your return. 


With 123PayStubs, meeting your Form 941 deadline is easy! 123PayStubs has a dedicated customer support team that is available via phone, email, or live chat and can assist clients during their filing process. Ready to file Form 941 online? It’s simple, quick, and accurate.

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