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Instructions for Form 941 (Rev. July 2020)
Information about Form 941, Employer's Quarterly Federal Tax Return, including recent updates, related forms, and instructions on how to file. Form 941 is used by employers who withhold income taxes from wages or who must pay social security or Medicare tax.
Instructions for Form 941. Department of the Treasury. Internal Revenue Service. (Rev. July 2020) Employer's QUARTERLY Federal Tax Return. Section references are to the Internal Revenue Code unless otherwise noted. Future Developments.
However, employers that pay qualified sick and family leave wages in 2024 for leave taken after March 31, 2020, and before October 1, 2021, are eligible to claim a credit for qualified sick and family leave wages in 2024.
Be sure to enter your EIN, “Form 941,” and the tax period (“1st Quarter 2020,” “2nd Quarter 2020,” “3rd Quarter 2020,” or “4th Quarter 2020”) on your check or money order. Don't send cash. Don't staple Form 941-V or your payment to Form 941 (or to each other).
Tax year 2023 guide to the employer's quarterly federal tax Form 941. Learn filing essentials, get instructions, deadlines, mailing info, and more.
Report for this Quarter of 2020 (Check one.) 1: January, February, March. 2: April, May, June. 3: July, August, September. 4: October, November, December. Go to . www.irs.gov/Form941 . for instructions and the latest information. Read the separate instructions before you complete Form 941. Type or print within the boxes.
IRS Form 941, also known as the Employer’s Quarterly Federal Tax Return, is where businesses report the income taxes and payroll taxes that they withheld from their employees’ wages —...
The IRS released final instructions for Form 941 (Employer’s Quarterly Federal Tax Return), Schedule B (Report of Tax Liability for Semiweekly Schedule Depositors), and Schedule R (Allocation Schedule for Aggregate Form 941 Filers).
Tax Relief Act of 2020. The credits under sections 3131 and 3132 are available for qualified leave wages paid for leave taken after March 31, 2021, and before October 1, 2021. Below are the major changes made under the ARP. • The ARP keeps the daily wage thresholds that previously existed. The aggregate cap on qualified sick leave wages CAUTION!