How do I file Form 941 in TaxBandits?
2.5k views | Last modified 6/18/2020 2:15:41 AM EST | Added by TaxBandits Team

Applicable To
94X 1099 W-2 ACA W-4

Employers of a business have to file Form 941 in quarters for reporting income taxes, social security tax, or medicare withheld from employee’s paycheck, employer’s portion of social security and medicare tax. 

Here is how you file Form 941.

Choose Form

  1. Sign in to TaxBandits.
  2. Go to the Home tab. Under 94x - Quarterly, choose Form 941.
  3. Enter the employer detail or pull up from the address book using the search bar and click Next.

Choose Tax year & Quarter

Here you choose the tax year and the quarter you are reporting for.

  1. Select the Tax year.
  2. Choose the Quarter and click Continue.

Wages and Tax withheld

Here you enter the wages, tips, and tax amount withheld for the reporting quarter.

Social Security and Medicare Taxes

If the wages, tips, or other compensation are subject to social security or medicare tax, click Yes and fill the details.

Adjustments

Enter tax amounts that result from current quarter adjustments. Click Next.

Balance Due/Overpayment

Enter the deposits made for the quarter.  Overpayment or Balance Due, if any is shown. Click Next.

Payment Options

If you owe any tax to the IRS indicated by the Balance Due field, you can opt for payments through either Electronic Funds Withdrawal (EFW), Electronic Federal Tax Payment System (EFTPS), Credit/Debit Card, Check, or Money Order. 

For more details on the action required at your end for these payment options, click here.

Sign & File

Sign using your Online Signature PIN received from the IRS and proceed to file the return. In case you don’t have the Online Signature PIN, use Form 8453-EMP to sign the 94x return.  

TaxBandits provides the option to e-sign Form 8453-EMP. You can also download, print, sign, and upload the form in PDF format.

Print a Copy

Proceed with the flow until you transmit the return.  A copy of Form 941 will now be available in the Print Center. For step-by-step instructions on how to access a copy of the form, click here.

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