NY Form Instructions 941 2025

NY Form Instructions 941: What You Should Know

Quarterly Federal Tax Return.  Form 944, Quarterly Federal Tax Return Form 944 is a return for quarterly gross revenue/tax. It can be used for any quarter during the fiscal year. You can check and find the annual gross revenues of your business from the “Annual Gross Revenues” line in the first box.  If you can't calculate gross revenues, you will know if you have a cash flow problem during the year. Cash flow problem may cause your business to go broke, or may cost your business a large tax payment. Please be advised that there is no minimum tax due and that an estimated year is only to be used to avoid a big tax payment. Payment of the annual tax due will result in a Form 944 being filed with the CRA or Payroll Provider. However, the only way that the government can collect the tax due without the services of a payroll company is by sending you a Form 944. You will receive this form via mail and will have to attach it to your tax return when you file it. If you don't attach it, you'll have to pay the tax without seeing the form you'll be sending to the Government. Please make a note of your bank / payroll / credit card number. If you want to pay the tax online (i.e. from the CRA website) or at your CRA branch, then you will need to complete the  Application for Payment of Tax in Canada (form SS-5).  If you have questions about the payment options available, please consult the CRA website: You will be notified by CRA by mail of your filing status and payment information. This includes date of filing (including extension), type of tax return being filed, type of income from which tax is being withheld, number of withholding credits (if any), type of payments you receive (i.e. employer's contribution, employer's penalty, tax credit, etc.). Your payment information will be sent to a Canadian financial institution. The financial institution will notify the CRA of your payment information, and you'll receive your payment. If you have questions about filing to report your income tax, please contact us at the address above. We recommend that you send your returns using Secure Sockets Layer (SSL) technology to avoid an electronic copy getting into the public domain.

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