Instruction For Form 940: Fill & Download for Free

From the perspective of the business:If you have employees and are required to withhold at least $1000 per year Social Security, Medicare, and Federal income taxes, you must file Form 941 quarterly, no later than the last day of the month that follows the end of the quarter - so, April 30 for the first quarter, July 31 for the second, October 31 for the third, and January 31 for the fourth. If the liability for withholding these taxes is less than $1000, the business can file Form 944 on an annual basis instead. The business must also file Form 940 annually to report Federal unemployment tax (FUTA).If the business is organized as a C-corporation for tax purposes, then the corporation must report and pay estimated taxes on a quarterly basis if they expect the corporation's tax burden to exceed $500. These are due on the 15th day after the end of the quarter, and are reported on Form 1120-W (2013).If the business is organized as an S-corporation for tax purposes, estimated tax payments are required for certain types of taxes; see Chapter 1 of Instructions for Form 1120S (2012). Those are also reported on Form 1120-W. Most S-corporations do not owe these types of taxes.From the perspective of the LLC members:Individual members are not required to pay estimated taxes (which is what people generally mean when they discuss "paying quarterly taxes"), but they should do so when they expect their income from the business to place them in a position where they will pay an underwithholding penalty. Chapter 2 of IRS Publication 505, Tax Withholding and Estimated Tax gives guidance as to whether estimated tax payments should be made; it includes a worksheet that the members should use to figure whether or not they have estimated tax liability. Unless the business is organized as a C-corporation for tax purposes, members will pay taxes on their distributive share of the income from the business. If you do need to pay estimated taxes, those should be paid by the 15th day of the month that follows the end of each business quarter as well, using http://www.irs.gov/pub/irs-pdf/f1040es.pdf.

Easily, get a Circular E, Several Form 941’s, several Form W-4’s, a Form 940, with Instructions for all from IRS. Do the same for your State Dept. of Revenue, then buy a good calculator. That’s assuming you already an E.I.# from both, then keep good records.

Your first problem is you are mailing in paper copies of the forms. It is 2018, do it electronically, so you know the forms were filed on time, you know they went to the right place and you reduce the risk of human error in processing.Although the addresses are similar, go to the same processing centers and the IRS is probably capable of getting your form to the right processing point within that center, I don’t recommend you mail the two form to the same address as there are slight differences in P O boxes and/or zip codes for 941 and 940 forms. Those slight differences send the respective envelopes to different processing points at each IRS center.If you want your return processed in a timely manner, send it to the exact address in the instructions.941 Scroll to page 5 for the address: https://www.irs.gov/pub/irs-pdf/i941.pdf940 Scroll to page 4 for the address: https://www.irs.gov/pub/irs-pdf/i940.pdf