#IRS is sending letters to taxpayers that potentially failed to report income and pay the resulting tax from virtual currency transactions.
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If you have employees on staff or cut yourself a payroll check from your small business, you are responsible for paying employer federal taxes.
You pay the federal employer taxes on a quarterly basis--March, June, September and December--and submit the payment with Internal Revenue Service Form 941.
Taxpayers can become IRS-authorized e-file signers and then contract with a third-party e-filer to send the form in.