Updated Form 941 Worksheet 1, 2, 3 and 5 for Q2 2021 Revised 941
941X Worksheet 2. Adjusted employee retention credit for wages paid after march 12, 2020, and before july 1, 2021. Adjusted credit for qualified sick and family leave wages for leave taken after march 31, 2021.
Updated Form 941 Worksheet 1, 2, 3 and 5 for Q2 2021 Revised 941
When reporting a negative amount in columns 3 and 4, use a minus sign instead of parentheses. The irs has updated the first step of worksheet 1 and reintroduced worksheet 2. What are the new changes in form 941 worksheets for 2023? The nonrefundable portion of the erc (as calculated on worksheet 1) is the amount that applies against the employer’s 6.2% share of social security tax. This is reported on the revised form 941 worksheet 1. Adjusted credit for qualified sick and family leave wages for leave taken after march 31, 2021. You will use worksheet 2 to make changes to the refundable portion of the employee tax credit that apply to qualified wages paid after march 12, 2020, and before july 1, 2021. This amount is originally found on form 941, like 13d. Web the new form 941 worksheet 2 for q2 2021 should be completed by all employers that paid qualified wages for the employee retention credit after april 1, 2021. Web using worksheet 2 to update form 941x:
Adjusted employee retention credit for wages paid after march 12, 2020, and before july 1, 2021. You will use worksheet 2 to make changes to the refundable portion of the employee tax credit that apply to qualified wages paid after march 12, 2020, and before july 1, 2021. Determine which payroll quarters in 2020 and 2021 your business qualifies for. When reporting a negative amount in columns 3 and 4, use a minus sign instead of parentheses. Web using worksheet 2 to update form 941x: This amount is originally found on form 941, like 13d. The nonrefundable portion of the erc (as calculated on worksheet 1) is the amount that applies against the employer’s 6.2% share of social security tax. Web the new form 941 worksheet 2 for q2 2021 should be completed by all employers that paid qualified wages for the employee retention credit after april 1, 2021. Adjusted credit for qualified sick and family leave wages for leave taken after march 31, 2021. This is reported on the revised form 941 worksheet 1. Web worksheet 1 (included in the instructions to form 941) is used to calculate the nonrefundable portion and refundable portion of the erc.
