Payroll Taxes Forms 940 and 941

Unique Solutions to Your IRS Problems


Over 3000 Satisfied Customers Since 1980

Free Evaluation

Why Choose Us?

Held To Highest Standard

Public Accountancy Logo

Thousands of Satisfied Clients

State Bar Logo with blue


Knows the IRS Inside and Out


IRS Problems, Tax Problems, Tax Accountants, IRS Tax Attorneys, Tax Relief Help CPA, In Houston, Texas.

“Solving IRS problems has been my life’s work.  After 30 years and 1,000’s of successful tax cases I can safely say, “I know the IRS Business like the back of my hand”. How would you like to never worry about the IRS again?  Let my past knowledge and experience work for you”

– Joe Mastriano, CPA

Joe is a member of the Sugar Land Rotary, whose mission includes promoting integrity, fellowship, and good will.

Free Evaluation

What Our Clients Say About Us

Ran JeetInternational Holdings

Chris – Web Designer

Einar Pedersen Businessman

Ibrahim Chhapra Store Owner


Let Our Accounting Firm Help You Solve All Your IRS Problems…

Free Evaluation

Payroll Taxes Forms 940 and 941

Negotiating payroll taxes trust funds in an offer in compromise (OIC) is the hardest part in getting the offer accepted by the IRS.

This is not the time to do it yourself or hire a firm using a rookie to work out the details of this part of your offer.

Not using the right timing or tactics will cost you more money.  This a job for seasoned professionals only.

Even if you do have an agreement the problems of collections do not end until the agreement gets to the offer professional.

Let us handle your payroll taxes trust funds problems.
Free Evaluation

Settling For Less Than The Full Amount Owed the IRS

Payroll Taxes Trust Funds

Payroll taxes forms 940 and 941 are forms employers use to file payroll taxes. Form 940 is to report an employer’s annual payroll taxes.  Form 941 is used to report an employer’s quarterly payroll taxes.

IRS offer in compromise should be established on a per entity basis. An individual, corporation (form 1120, 1120S), partnership (form 1065), or trust fund (form 1041) are all legal entities. As such they may owe taxes of various characters.

The forms the IRS requires to be filed are form 941 for the employer’s quarterly taxes.

Payroll Taxes Owed By An Individual Or Partnership

The IRS does not distinguish trust fund versus non-trust fund in this offer situation. A sole proprietor who owes payroll will include the withholding tax, Social Security, Medicare, the matching portion, and all interest and penalties in the offer.

The individual will include any separate trust fund liability from a corporation, trust etc. assessed to them.

The individual will include any separate 1040 tax liability. Jointly owed 1040 taxes will be on a separate 656 joint offer application.

Payroll Taxes Trust Funds Owed By A Trust Or Corporation

The IRS will add this to any other tax, interest, or penalties owed by the entity as part of an offer for that entity.

If you have a corporation, form 1120 or 1120S, or a trust that owes payroll taxes, I may be able to save you about one half, without filing an offer in compromise.

If you are considering hiring us, call Joe Mastriano, CPA 713-774-4467.
Think your IRS matter is handled? Think again!
For your analysis, click here to contact us.

Have More Questions About Your Payroll Taxes Trust Funds, Contact Us Today!