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