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

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.