Wednesday
Feb292012
Monthly Employment Tax Return Option Eliminated by the IRS
Wednesday, February 29, 2012 at 3:00PM
The IRS will no longer give Taxpayers that are continually noncompliant with timely filing tax returns the ability to make their tax deposits on a monthly basis. Rather, the employer must use the regular Form 941. The Form 941M is being discontinued. The internal memorandum instructs revenue officers to consider pursuing the Civil Injunction process for noncompliant taxpayers.