TaxBandits Knowledge Base

My business is closed, should I still file Form 941?

Yes, even if you close your business or no longer pay salaries, you must file a final return with the IRS, with all values set to zero. To indicate that this is your final return, check the box on Line 17 and provide the business closure information.

For step-by-step instructions on how to report zero taxes on Form 941, click here.