If I pay electronically my 941 and 1040-es payments do I need to submit the filled out papers anywhere? Thanks!

[DianeW · Accepted solution]

Yes, the 941 is still required to be filed after electronic payment of the employer taxes.  This can be done through your bookkeeping software (QuickBooks supports this).  Click the link here to see information:  QuickBooks Online.

• Income and FICA Tax Return Requirements

  Most employers are required to file Form 941, Employer's Quarterly Federal Tax Return, to report both the federal income taxes you withheld and the FICA taxes you withheld and paid during a calendar quarter. (Employers who qualify for annual reporting/payment, file Form 944.)

  The deadline for filing Form 941 is the last day of the first month after a quarter ends. However, if you've been timely with each of your deposits during the quarter, you're entitled to an automatic 10-day extension. No other extensions are permitted for filing Form 941.

  If you close your business or otherwise permanently stop paying wages that subject you to payroll taxes, you can end your obligation to file quarterly returns. You do this by designating the return for the last quarter that you pay taxable wages as a "final" return, by checking a box at the top of the return.

1040-ES electronic payments and forms to file:

You can click the link here to view your account and if the payment amounts and tax year they apply to are correct there is no need to file the Form 1040-ES.   IRS -View Your Account

[Semantax]

I paid payroll taxes for my LLC on a timely basis with no tax due, but neglected to send in the quarterly 941 forms for 1Q20 and 2Q20.  Assuming I send in the forms now, will I be penalized for submitting the 941 forms late, and can you recommend how to send in these forms (e.g., in separate envelopes for each quarter with a cover letter, no cover letter and in the same envelope as my timely Q3 filing)? 

[Critter-3]

Mail them in separately so one or more is not missed by the data input operator and don't bother with a cover letter as they will not read it.   When you get a bill then you can beg for a penalty abatement and swear you learned your lesson and it will not happen again. 

[AMILLER625]

Where do I include the wages reported on form 941 when completing my 1040? T 

[VolvoGirl]

Wages you paid to your employees?  That would be on schedule C Line 26  wages

Or your own wages?  You get a W2 from your employer to report your wages.  

[KrisD15]

If you have employees, you file Form 941 with the employees withholding report. It is not something you enter on your 1040. 

If you are self-employed and have employees, you would claim their wages paid and the portion of tax you pay as expenses on your Schedule C.