You just paid your Heavy Vehicle Use (HVUT) 2290 tax with the help of ExpressTruckTax, so you can finally relax, right? Filing was super easy! However, more deadlines are waiting just around the corner.
It seems like taxes never end, especially if you’re a small business owner because you have another tax deadline on the horizon! The 4th quarter Form 941 deadline is on February 1!
Wait, what is Form 941?
Form 941 is the Quarterly Federal Tax Return and it’s basically a report that’s used to disclose employment taxes for those who own and operate a business with employees. This means that anyone or any business, like a trucking business owner for example, that pays wages to an employee must file Form 941 on a quarterly basis. That’s right, four times a year, just like IFTA.
As an employer, you are responsible for withholding Medicare tax, social security tax, and federal income tax from your employee’s paychecks. You’re also responsible for sending these taxes to the IRS. Form 941 is used to report the amount of taxes you withhold from your employee’s paychecks for the quarter and to pay the employer’s portion of Medicare and social security taxes to the IRS.
How to E-file Form 941
Luckily for you, we have an IRS-authorized sister, TaxBandits, which will help you file Form 941 online in a matter of minutes.
It’s simple, create your free TaxBandits account and follow the guided interview style filing process to instantly complete your Form 941 online. TaxBandits tells you what information is required and exactly where it needs to go so you can finish your 941 form and transmit it directly to the IRS in no time!
Plus, their customer support team is here to help. If you need any assistance please contact the dedicated, US-based TaxBandits support team. Give them a call Monday – Friday from 9 AM to 6 PM at 704.684.4751. They also offer live chat and you can take advantage of our 24/7 email support at support@taxbandits.com.
