If your business pays wages, you must file quarterly IRS Form 941 reports to process tax payments and reconcile tax withholding. The next deadline is November 2, 2009. But don’t sweat it — file your IRS 941 forms the easy way with a low-cost online service like FileTaxes.com.
I’ve used this web-based tax filing service for years to process 1099s, W-2s and other tax forms, and it’s been a terrific time-saver. You’ll no longer have to fire up your own software, printing out forms and then mailing them. Banish worries about whether your filing meetings regulations. The FileTaxes service does it for you and provides copies for your records that you can print out or store and access anytime in your online account. All you need to do is enter your summarized payroll data online. 941 Forms are just $4.95 each to complete and file.
To get started, however, you need a PIN from the IRS. But FileTaxes will arrange for that too once you provide your information online. If you owe money after filing the 941 (less than $2,500), the IRS will debit your business bank account using the bank information you provide via FileTaxes. You get PDF copies of your filings and email confirmation as well.
Here’s a link to the official IRS 941 filing instructions if you need them.