For the very small business owner, the IRS will introduce in 2006 a new form, Form 944. You can view a draft version of the form here. The new form is for businesses who pay $1,000 or less in employment taxes annually. The IRS believes that one-sixth of the 6 million total Form 941 filers will be able to use the new form.
The new form (Form 944) has to be filed only once per year, saving paperwork time. In most cases, the taxes can be paid when filing the form.
As the SSA/IRS Reporter states, “The IRS believes that filing and paying employment taxes should be as easy as possible. By simplifying the process of employment tax filing, more small employers will have the opportunity to more easily comply with the law.” And I agree.