The EFTPS (Electronic Federal Tax Payment System®) is the IRS’s online system for paying estimated taxes. The notice you received is a standard letter received by all new businesses. Verify the bank account that will be used when making a payment. Change the bank account used for a payment.

Has Form 941 been revised?

New IRS Form 941 for the 2nd Quarter of 2021 Due to the ongoing pandemic, the IRS has adjusted this form on an almost quarterly basis to reflect the tax relief and legislation passed to help small businesses. The IRS released the final version for the Revised Form 941 for second quarter of 2021.

How to check if the IRS received your 941 return?

You are able to view your account (including payments) online, if you have already registered. New enrollments can take up to 5 business days. I do know that the IRS has recently sent out underpayment notices for 3rd quarter 941 payments, therefore,if you haven’t received a notice, it is likely the IRS did receive your payment.

What happens if you receive a notice from the IRS?

You may receive one or more of the below notices if you have not filed your tax return. If the IRS files a substitute return, it is still in your best interest to file your own return to take advantage of all the exemptions, credits and deductions to which you are entitled. The IRS will generally adjust your account to reflect the correct figures.

Do you get a notice if you have not filed your tax return?

You may receive one or more of the below notices if you have not filed your tax return. If the IRS files a substitute return, it is still in your best interest to file your own return to take advantage of all the exemptions, credits and deductions to which you are entitled.

Where is the Inventory of forms 941-x being worked?

As of May 7, 2021, our inventory of unprocessed Forms 941-X was approximately 100,000 which cannot be processed until the related 941s are processed. While not all of these returns involve a COVID credit, the inventory is being worked at two sites (Cincinnati and Ogden) that have trained staff to work possible COVID credits.