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Filing Type | Due Date |
IRS eFile | Jan 31, 2025 |
IRs eFile (If taxes are already paid) | Feb 12, 2025 |
Access your account to begin the filing process. If you're new to Tax1099, you can easily create an account to get started.
Provide accurate and up-to-date information about your business, including employer identification numbers (EIN), business name, and address.
Carefully input details regarding your employees' wages and the corresponding federal unemployment tax for the year.
Double-check all information for accuracy. Once satisfied, submit your Form 940 electronically for a hassle-free filing experience.
Ensure timely filing of Form 943 to avoid penalties, as there is no extension available. The IRS imposes two types of penalties: one for failure to file and another for failure to pay the correct amount. The penalty rates range from 2% to 15%, varying based on the lateness of deposits.
If an employer has a valid reason for not filing or making timely deposits, they have the option to request penalty abatement from the IRS. This can be done by submitting Form 843.
Here are some of the benefits of using Tax1099 to file your payroll forms
Tax1099 is meticulously crafted to ensure precise and error-free filing of your 1099 forms. By leveraging advanced technology, it minimizes the risk of costly mistakes, saving you time and reducing the likelihood of IRS penalties.
– Ensure timely deposit or payment of taxes
– File Form 943 accurately and on schedule
– Report tax liability with precision
– Provide valid checks for tax payments
– Furnish accurate Forms W-2 to employees
– File Form W-3 and Copy A of Forms W-2 to the SSA punctually and with accuracy
To submit employment tax obligations, utilize Form 943-A, Agricultural Employer’s Record of Federal Tax Liability. All tax payments made to agricultural workers must be reported to the IRS by an agricultural employer.
Although Form 943-A is submitted yearly with Form 943, tax obligations are deposited monthly. Employers must submit if their tax obligations are deposited semiweekly or if their liability for any one month exceeds $100,000.
The following are some frequent errors to avoid while filling Form 943: