941X Worksheet 2

Fillable Form 941 Schedule B 2020 Download Printable 941 for Free

941X Worksheet 2. Web using worksheet 2 to update form 941x: You will use worksheet 2 to make changes to the refundable portion of the employee tax credit that apply to qualified wages paid after march 12, 2020, and before july 1, 2021.

Fillable Form 941 Schedule B 2020 Download Printable 941 for Free
Fillable Form 941 Schedule B 2020 Download Printable 941 for Free

You will use worksheet 2 to make changes to the refundable portion of the employee tax credit that apply to qualified wages paid after march 12, 2020, and before july 1, 2021. Determine which payroll quarters in 2020 and 2021 your business qualifies for. When reporting a negative amount in columns 3 and 4, use a minus sign instead of parentheses. Web using worksheet 2 to update form 941x: 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. An employer is required to file an irs 941x in the event of an error on a previously filed form 941. Adjusted credit for qualified sick and family leave wages for leave taken before april 1, 2021. This worksheet 2 is applicable only for the second quarter of 2021. Adjusted employee retention credit for wages paid after march 12, 2020, and before july 1, 2021. Web worksheet 1 (included in the instructions to form 941) is used to calculate the nonrefundable portion and refundable portion of the erc.

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. Web using worksheet 2 to update form 941x: When reporting a negative amount in columns 3 and 4, use a minus sign instead of parentheses. What are the new changes in form 941 worksheets for 2023? Adjusted employee retention credit for wages paid after march 12, 2020, and before july 1, 2021. 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. Determine which payroll quarters in 2020 and 2021 your business qualifies for. 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. This is reported on the revised form 941 worksheet 1. The adjustments also entail administrative errors and alterations to employee retention tax credits. Adjusted credit for qualified sick and family leave wages for leave taken after march 31, 2021.