File Just One, Consider It Done!
To reduce burden for certain small business taxpayers, the IRS has changed their employment tax filing requirement from quarterly to annually. If you have been filing Forms 941 and believe your yearly employment taxes will be $1,000 or less in this calendar year (average annual wages of $4,000 or less), and have not received notification of your eligibility by mail by mid-February, please call us by April 1st on (800) 829-4933, and select option 2. If we hear from you by April 1, we may be able to change your filing requirement to Form 944, Employer's Annual Federal Tax Return, rather than Form 941, Employer’s Quarterly Federal Tax Return. If you contact us after April 1, you will remain a Form 941 filer for this calendar year. If you are starting a new business you should contact as soon as possible to determine if you are eligible.
Here are some frequently asked questions and answers about the Form 944 program:
When will I file Form 944?
- This return will be due once a year, on January 31, after the end of the tax year.
- You may file Form 944 electronically. See the list of Authorized e-file Providers.
When will I pay my employment taxes?
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You may pay once a year when you file your return, unless you are required to make Federal Tax Deposits (FTDs). (See below.)
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You may choose to make more frequent deposits to reduce the balance due with your annual return.
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If, while designated as a Form 944 filer, your business grows and your total annual employment tax liability increases to $2,500 or more, you must make deposits. If you do not make the required deposits, you may be subject to penalties and/or interest. See Publication 15 (Circular E), Employers Tax Guide for FTD deposit requirements.
What payment methods may I use?
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To make more frequent deposits, you may use Federal Tax Deposit (FTD) coupons or EFTPS.
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Where can I find more information on the Form 944 program?
Please see the Form 944 Instructions (PDF).
References/Related Topics
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