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Old 02-10-2010, 01:49 PM
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How should an employer report on the 941 if their businsess has been closed?

The IRS has stated that if an employer goes out of business or stops paying wages to their employees, that employer must file a final return.

In order to inform the the IRS that Form 941 for a particular quarter is their final payroll tax return, that employer must check the box on line 18 and enter the date you last paid wages.

Also attach a statement to 941 payroll tax return showing the name of the person keeping the payroll records and the address where those records will be kept.

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