Changes in Form 941 for 1st Quarter 2021

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2020 Form 941

Revised Form 941 for 1st Quarter 2021

Updated on February 19, 2021 - 10:30 AM by Admin, ExpressEfile

IRS Form 941 has seen multiple revisions in 2020 to report refundable employment tax credits, advance payment of employment tax credits, and deferral of employment taxes, which are announced by the federal government in order to overcome the COVID-19 pandemic. Now, the IRS has, once again, revised Form 941 and released a draft form for Quarter 1, 2021.

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