941 Worksheet 1 Fillable Form

If you don t have an ein you may apply for one online by.

941 worksheet 1 fillable form. This amount is then reduced by any adjustment on line 8 of form 941 if you are a third party sick payer the amount from form 941 part 1 line 11a credit from form 8974 and the amount to be claimed on form 5884 c line 11 for the applicable quarter. In the new form there is a new worksheet. This worksheet is broken up into three steps. Filers can complete form 941 worksheet 1 for determining these credits for the quarter.

However if you pay an amount with form 941 that should ve been deposited you may be subject to a penalty. Form 941 worksheet 1 is used to calculate refundable and nonrefundable portions of qualified sick family leave employee retention credits this quarter. Specific instructions box 1 employer identification number ein. The irs has released the new 941 payroll tax form for 2020.

Thus the irs has revised 941 instructions. Join larry gray as he gives you guidance line by line. Employers will now report on line 13b the total deferred amount of the employer and employee share of social security tax. Form 941 has been revised to allow employers that defer the withholding and payment of the employee share of social security tax on wages paid on or after september 1 2020 to include the deferral on line 13b.

No one is familiar with this worksheet since it is a new addition. See deposit penalties in section 11 of pub.