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Are Form 941's still due April 30? IRS says they are not accepting paper returns.

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Level 2
last updated ‎April 21, 2020 3:46 PM
 
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last updated ‎April 21, 2020 3:46 PM

The IRS confirmed the payroll tax deadline of April 30, 2020 remains unchanged even as the IRS moved the income tax deadline from April 15, 2020 to July 15, 2020. However, the IRS automatically provides a 10-day grace period if all the deposit payments were made on time. 

 

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Level 15
Level 15
last updated ‎April 21, 2020 3:46 PM

Payroll reports go to a different type of service center...Id make sure you get a postmark on it, even if it ends up getting returned to you.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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Level 2
last updated ‎April 21, 2020 3:46 PM

Are electronic form 941 returns also due on April 30?

I have to go to my client's office to send, and I do not want to meet face to face until the virus is contained.

 

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Level 15
Level 15
last updated ‎April 21, 2020 3:46 PM

As far as Ive heard payroll reports are still due on 4/30


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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Level 12
last updated ‎April 21, 2020 3:46 PM

@2dogkayak wrote:

I do not want to meet face to face until the virus is contained.

 


I hate to tell you, but the virus won't be "contained" for many months yet.

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Level 10
last updated ‎April 21, 2020 3:46 PM

No, IRS is not saying that.  They are saying that they are not processing paper returns until their Service Centers reopen (which will probably be sooner than healthy).  And 941's are processed in the same places as 1040's.  If a payment is sent with them, they got to a private bank "lockbox" first.   I haven't see any reports of whether those are still in operation, or how they manage to process paperwork (like, millions of credit card and mortgage payments) when IRS can't. 

 

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last updated ‎April 21, 2020 3:46 PM

The IRS confirmed the payroll tax deadline of April 30, 2020 remains unchanged even as the IRS moved the income tax deadline from April 15, 2020 to July 15, 2020. However, the IRS automatically provides a 10-day grace period if all the deposit payments were made on time. 

 

View solution in original post

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Level 2
last updated ‎April 21, 2020 3:46 PM

Thanks, I appreciate the courteous, professional reply.

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Level 10
last updated ‎April 21, 2020 3:46 PM

@DKarjane-PayMELLC "IRS automatically provides a 10-day grace period if all the deposit payments were made on time (i.e., now timely if paid by Dec. 31, 2021/ Dec. 31, 2022 under the CARES Act)"

Only the 6.2% employer half of the FICA tax can be deferred until those dates.   Returns still must be filed by April 30 and the rest of the tax paid by then. For example, if your payroll is $5,000 and you withheld $500 in income tax, you pay all of the withheld income tax ($500) and FICA/Medicare tax ($382.50), plus the employer share of the Medicare tax ($72.50) by April 30.  Then you can put off paying the rest ($310).  

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Level 2
last updated ‎April 21, 2020 3:46 PM

Thanks,  Very clear explanation

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