Checklist to avoid Form 941 penalities
3.1k views | Last modified 4/21/2023 7:38:10 AM EST | Added by TaxBandits Team

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

You can always stay compliant when you are well aware of what should be done and what shouldn’t be. 

Here's your checklist to help you avoid 941 penalties:

  • Make sure to pay full tax amounts when they are due
  • Don’t wait for the last minute – File your 941 on time
  • Report your tax liability without errors
  • Be sure the checks are valid
  • Provide your employees with correct W-2
  • Make sure all the entries are correct
  • Always check your EIN before filing

For the 941 penalty rates, click here.

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