How do I pay the balance due on Form 941 to the IRS?
4.2k views | Last modified 2/28/2022 12:26:55 AM EST

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

The amount you owe to the IRS after reconciling your Tax Liabilities and Deposits for the quarter is the balance due. It can be paid using any one of the following modes.

  • Electronic Funds Withdrawal (EFW)
  • Electronic Federal Tax Payment System (EFTPS)
  • Credit/Debit Card
  • Check or Money Order.

Electronic Funds Withdrawal is available only for taxpayers whose balance due is less than or equal to $2500. When you choose EFW as your payment method, the amount will be automatically debited from your account in 1 or 2 business days after you e-file your return.

If you choose any other payment method, it is your responsibility to pay the balance due to the IRS after you e-file your Form 941 with TaxBandits. To avoid IRS penalties, pay the balance due by the deadline.

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