Changes in Form 941 for 3rd and
4th Quarter 2020
Updated on September 15 - 10:30 AM by Admin, ExpressEfile
The IRS is revising Form 941 for quarters 3 and 4. A draft version of Form 941 has been released to give filers a heads-up of what's coming. The IRS is yet to finalize the form, and employers can start filing Form 941 once it’s finalized.
Form 941 was revised for quarter 2, 2020, to accommodate the reporting of refundable employment tax credits, advance payment of employment tax credits, and deferral of employment taxes.
In this article, we cover the following topics: