Welcome Guest. Register Now!  


Payroll Payroll related topics.


Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 02-10-2010, 01:49 PM
TaxGuru's Avatar
Tax Guru
 
Join Date: Jan 2007
Location: New Jersey, USA
Posts: 2,417
Blog Entries: 3
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.

__________________
Find a CPA near you!

Ask TaxGuru Please refer to the legal disclaimer.


Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Ads
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
How should an employer report de minimis fringe benefits paid to its employees? TaxGuru Income 0 09-03-2009 04:55 PM
Didn't get my W-2 from Employer And They Closed FelipeSQ Income 1 08-05-2009 09:11 AM
Closed business notanacct Limited Liability Company 1 02-26-2009 01:43 AM
Help, Closed S Corporation in NJ NewGuy30 S-Corporation 1 10-21-2008 09:09 AM
I didn't get my W-2 from employer david Income 2 01-25-2007 09:30 PM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning
 
 
 

» Recent Tax Q&A
No Threads to Display.