Payroll tax returns - Form 941 or 944?
Employers who have an estimated employment tax liability of $1,000 or less for the calendar year are eligible to file annual Form 944 rather than the quarterly Form 941. In the past, filing this form was mandatory for employers who met the qualifications.
Recently released Revenue Procedure 2009-51 provides procedures for qualified employers to make an election whether to file annual Form 944 or quarterly Form 941 to report employment taxes. Please call for additional information.
