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#IRS is sending letters to taxpayers that potentially failed to report income and pay the resulting tax from virtual currency transactions.

Use the Comment on Tax Forms and Publications web form to provide feedback on the content of this product.

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.