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.
The following topics are covered in this article.