As an employer, you have likely completed your fair share of tax forms over the years. While you might be a pro at staying on top of your small business tax compliance, mistakes and life happen. You know that you can always receive an additional amount of time by requesting an IRS extension. However, is this the case for the 941 payroll tax form?
Unfortunately, this is not the case. Your second-quarter tax filing deadline for IRS Form 941, the Employer’s Quarterly Tax Return is July 31. Sorry to be the bearer of bad news but you need to know there is no extension for 941 payroll tax forms. But don’t worry! We are about to walk you through a quick “Master Class” of all things Form 941 so you can file by the Form 941 deadline.
You Need to Know There is No Extension For 941 Payroll Tax
IRS Form 941 Overview
IRS Form 941 is filed by employers and business owners to report employment taxes for their employees every quarter. Standard withholdings like federal income tax, social security tax, and Medicare taxes are outlined on this form and submitted to the IRS.
Unlike other tax forms that are due once a year, Form 941 for 2018 has a total of four deadlines, which include:
- First Quarter (January – March)
Due April 30, 2018
- Second Quarter (April – June)
Due July 31, 2018
- Third Quarter (July – September)
Due October 31, 2018
- Fourth Quarter (October – December)
Due January 31, 2019
Looking For Where To Send Form 941?
Don’t worry about finding the Form 941 mailing address for 2018––E-file instead! E-filing Form 941 for 2018 is simple when you have the necessary information on hand and file with our sister product, TaxBandits. Here is what you will need to complete your second-quarter tax filings:
- Your Name, EIN, and Address as the Employer
- Total Number of Employees
- Social Security & Medicare Taxes
- Deposit Made to the IRS
- Monthly/Semiweekly Tax Liability
- Signing Authority Information
- Form 8453-EMP or Online Signature PIN
Note: If you don’t already have an online signature PIN use Form 8453-EMP instead.
Form 941 Instructions 2018
Follow these steps and you will have your quarterly filing completed in no time:
Wait…There Really Isn’t An Extension?!
“Well if you don’t know, now you know!”
Yes, there really is no extension of time to file IRS Form 941. Failing to file Form 941 for 2018 by the second-quarter deadline on July 31 will result in some pretty expensive penalties from the IRS that I’m sure you would like to avoid. Bookmark and share this blog with other employers to help them stay tax compliant.