What Nonprofits Need To Know About the Form 941 Deadline
Does your tax-exempt organization employ certain individuals to help carry out the mission of your group? If so, as an employer you are required to file Form 941 with the IRS quarterly.
ExpressTaxExempt is here to help your organization grow and flourish so we have gathered some important information regarding what nonprofit organizations need to know about the Form 941 deadline:
What is Form 941 & When is it Due?
Also known as the Employer’s Quarterly Tax Return, Form 941 is used to report employment taxes quarterly and assists with calculating the employer’s portion of Social Security and Medicare tax.
The first quarter deadline for this year is April 30 and covers the months of January, February, and March.
E-File Form 941 Before The Deadline
While most people believe that filing taxes is a headache and takes all day and night to complete, our sister product TaxBandits eliminates that. Filing Form 941 with TaxBandits only requires two major pieces of information: Employer and Employment Details.
Employer Details
- Name of Employer
- Employer Identification Number (EIN)
- Address
Employment Details
- Employee Count
- Medicare Tax & Social Security
- Deposit Made to the IRS
- Tax Liability (Monthly/Semiweekly)
- Signing Authority Information
- Online Signature PIN or Form 8453-EMP
Once you have submitted this information, all that is left to do is review the completed form, pay a small, affordable price per form, and transmit directly to the IRS. Just like that, you have avoided IRS penalties form 941 and compliance issues!
File With TaxBandits and Stay Tax Compliant with the IRS
There are many components to running your organization and we want to help make handling tax filings one component that you don’t have to be stressed over.
