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941 Worksheet 1 Example. The credit will then be reported on lines 11c and 13d of the form 941. On line 22, input the qualified health plan expenses for the erc.
The credit will then be reported on lines 11c and 13d of the form 941. We have updated our form 941 process to accommodate the many new revisions to this form. Beginning with the second quarter 2020 form 941, the form has been updated to include worksheet 1 (on page 5).
• enter the local’s ein number.
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 Employers report the refundable portion of the employee retention credit from worksheet 1 on line 13d. For example, ffcra qualified sick and family leave wages are generally reported on form 941, part 1, line 5a(i) and line 5a(ii), respectively, column 1, which implies that ffcra qualified sick and family leave wages paid to individuals that have already met the social security taxable wage limit for 2020 ($137,700) would result in no ffcra credit. 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 If you paid qualified sick leave, family leave and have qualified wages for the employee retention program, you will fill out all three parts of this worksheet. Q2 form 941 is due by july 31.