The next quarterly payroll tax return deadline is Oct. 31, and the IRS urges business owners to use the speed and convenience of filing the returns electronically, according to www.irs.gov.
IRS Forms 940, 941, 943, 944 or 945 are used to report employment tax information. The IRS recommends e-filing to save taxpayers time by performing calculations and populating forms and schedules using a step-by-step process. Once submitted, the information is quickly available to the IRS, reducing processing time. Additionally, those who e-file receive missing information alerts, and electronically filed returns have fewer errors, which reduces a taxpayer's chance of receiving an IRS notice.
The IRS acknowledges receipt of e-filed returns within 24 hours.
For more information about e-filing payroll tax returns, visit the IRS’s E-file Employment Tax Forms page.
