ROCK HILL, SC / ACCESSWIRE / October 1, 2024 / The deadline for filing Quarterly Form 941 for the third quarter of 2024 is fast approaching. Employers must submit their payroll taxes via Form 941 by October 31, 2024, to avoid penalties and interest.
TaxBandits has enhanced its platform to simplify the 941 e-filing process, making it more efficient and intuitive
An Overview of IRS Form 941
Eligible employers are required to file IRS Form 941, to report the Federal income tax, Social Security, and Medicare taxes withheld from employees' wages. Since Form 941 is a quarterly tax form, employers must comply with all filing deadlines.
Employers can conveniently file 941 online through TaxBandits, with the Q3 2024 form now available. Filing early helps ensure a smoother process and timely IRS compliance.
Simplified Filing of 941 Supporting Forms with TaxBandits
With TaxBandits, employers can easily file 941 supporting tax forms, integrated to simplify the 941 filing process. Some of the supported forms include:
941 Schedule B: Required for semi-weekly depositors to file with Form 941.
Form 8974: Attach when claiming the tax credit for research activities as a qualified small business.
Form 8453-EMP: Used to authorize e-filing of 941 tax returns on behalf of employers.
Easily File Form 941 Schedule R with TaxBandits
Aggregate filers must file Form 941 Schedule R, which allocates the aggregate information reported on Form 941.
Schedule R (Form 941): Aggregate filers such as CPEO and Section 3504 agents can file employment tax returns for their clients by filing aggregate returns with 941 Schedule R.
TaxBandits: Enhanced Features for Q3, 2024
TaxBandits features to enhance the accuracy and efficiency of Form 941 filings.
Bulk E-sign: Send multiple e-sign requests and e-sign multiple tax returns at once.
Balance Due: Pay your balance using various options, including credit/debit card and EFTPS.
941-X E-filing: Easily e-file Form 941-X to correct errors in previously filed 941 returns.
Zero Reporting: File zero taxes for the current quarter with a single click if there are no taxes to report.
Additional Features for Seamless 941 Filing
TaxBandits offers additional features for seamless Form 941 filing:
Bulk Upload: File multiple EINs at once with the bulk upload feature.
Built-in Error Checks: Automatically detects errors using IRS Business Rules.
Easy E-sign Options: Quickly sign with an online signature PIN or Form 8453-EMP.
About TaxBandits
TaxBandits is a SOC 2 Certified, IRS-authorized e-file provider specializing in various tax forms such as Form 941, Form 940, Form 1099, Form W-2, Form 1095-C, Form 1095-B, and Form W-9. Serving businesses, service providers, or tax professionals of every shape and size, TaxBandits offers a complete solution that fulfills all filing needs.
BOI Reporting Solution
In addition to tax filing services, TaxBandits offers a comprehensive solution for business and tax professionals to meet their FinCEN Beneficial Ownership Information (BOI) reporting requirements. Through TaxBandits, clients can easily prepare and submit various BOI reports, including Initial, Corrected, Updated, and Newly Exempt Entity reports. Additionally, clients who file their BOI reports through TaxBandits can make free corrections or updates within one week of the original submission date.
API Solution
TaxBandits provides another advantage for high-volume filers and software providers. TaxBandits API enables seamless preparation and e-filing of 1099, W-2, 941, 940, and ACA 1095 forms and BOI reporting. Use the developer filing 1099 API to request W-9 and automate the filing efficiently.
About SPAN Enterprises
Headquartered in Rock Hill, South Carolina, SPAN Enterprises has been developing industry-leading software tools for e-filing and business management for over a decade. The SPAN Enterprises portfolio includes TaxBandits, Tax 990, ACAwise, ExpressExtension, 123PayStubs, and TruckLogics.
For media inquiries, please contact:
Stephanie Glanville
Content Writer, SPAN Enterprises
stephanie@spanenterprises.com
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SOURCE: TaxBandits
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