Do I have to use the revised Form 941 for the 1st quarter of 2021?
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Last modified 3/23/2021 2:00:59 AM EST |
Added by ExpressEfile Team
Yes, you have to use the revised Form 941 for the first quarter of 2021. This is because of the new changes that are going to be implemented on the existing Form 941.
For the 2021 tax year, social security taxes cannot be deferred as the timeline ended on December 31, 2020. Thus, Form 941 is being revised for the upcoming quarters with changes in lines 13b, 13e, 13g, and 24. Click here to learn more about the changes.