Form 941 vs Form 944
Form 941 and 944 are used to report employee wage and payroll tax information to the IRS.
About Form 941: Form 941 is Employer’s Quarterly Federal Tax Return. Employers with an annual liability of more than $1,000 for Social Security, Medicare, and Federal income taxes should file the 941. Even if there are no taxes to report, the 941 has to be filed. Click here to learn more about IRS Form 941.
About Form 944: Small businesses file the 944 Form annually. This includes employers with an annual liability of $1,000 or less for Social Security, Medicare, and Federal income taxes. New employers are also eligible to file Form 944 if they meet the eligibility requirements.
Visit https://www.taxbandits.com/payroll-forms/what-is-form-944/ to learn more about What is Form 944