Form 941-X Worksheet 2. These changes are based on form 8974 changes for the first quarter of 2023. The irs has updated the first step of worksheet 1 and reintroduced worksheet 2.
941x Worksheet 2 Excel
The nonrefundable portion of the erc (as calculated on worksheet 1) is the amount that applies against the employer’s 6.2% share of social security tax. You must use this worksheet if you claimed the employee retention credit for qualified wages paid after march 12, 2020, and before july 1, 2021, on your original. Determine which payroll quarters in 2020 and 2021 your business qualifies for. Part 2 questions 4 and 5 are very specific to multiple circumstances that commonly arise. The irs will revise forms 941 and For a description of changes made under the arp, see the june 2021 revision of. These changes are based on form 8974 changes for the first quarter of 2023. Instead of worksheet 1, worksheet 2 needs to be generated and completed to flow the ertc credits to the 941. Refunded the employee share of tax, secured statements from your employees, or you are only requesting a refund of the employer paid portion of tax. What are the new changes in form 941 worksheets for 2023?
If changes in law require additional changes to form 941, the form and/or these instructions may be revised. Enter the calendar year of the quarter you’re correcting. The june 2021 revision of form 941 should be used for the second, third, and fourth quarters of 2021. Web the new form 941 worksheet 2 for q2 2021 should be completed by all employers that paid qualified wages for the employee retention credit after april 1, 2021. 30, 2021 and before jan. You may use these instructions and the This amount is originally found on form 941, like 13d. Use get form or simply click on the template preview to open it in the editor. Refunded the employee share of tax, secured statements from your employees, or you are only requesting a refund of the employer paid portion of tax. Check the one quarter you’re correcting. These changes are based on form 8974 changes for the first quarter of 2023.
