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I forgot to file my 941 forms fro the year. What must I do…

Customer Question
I forgot to file...

I forgot to file my 941 forms fro the year. What must I do to correct this?

Accountant's Assistant: Is there anything else important you think the Accountant should know?

No, I have been paying my estimates and keeping my books up to date. I have an S-corp and will pay myself this last quarter, but did not the first 3.

Submitted: 2 months ago.Category: Tax
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Answered in 4 minutes by:
12/18/2017
Tax Professional: Lane, JD, CFP, MBA, CRPS replied 2 months ago
Lane
Lane, JD, CFP, MBA, CRPS
Category: Tax
Satisfied Customers: 13,475
Experience: Law Degree, specialization in Tax Law and Corporate Law, CFP and MBA, Providing Financial & Tax advice since 1986
Verified

Hi. My name's Lane

...

I hold a law degree (J.D.), with concentration in Tax Law, Estate law & Corporate law, an MBA in finance, a BBA, and CFP & CRPS (Chartered Retirement Plans Specialist) designations, as well - I’ve been providing financial, Social Security/Medicare, estate, corporate, non-profit, and tax advice to clients on three continents since 1986.

If you’ll please bear with me for a minute I’ll type up my initial response, and then we can go from there if you have further questions on this.

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Tax Professional: Lane, JD, CFP, MBA, CRPS replied 2 months ago

You just need to send them in as quickly as possible. The good news here is that, if you've been paying-IN the tax, then there will be no penalties.

...

Both the late/non payment penalty AND the late/non filing penalty are based on tax due.

...

So if there IS no additional tax due, there is no late filing or payment penalty

...

Y x 0 = 0

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Lane
Lane
Lane, JD, CFP, MBA, CRPS
Category: Tax
Satisfied Customers: 13,475
13,475 Satisfied Customers
Experience: Law Degree, specialization in Tax Law and Corporate Law, CFP and MBA, Providing Financial & Tax advice since 1986

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