What are the Form 941 changes for 2021?
1.4k views |
Last modified 4/30/2021 6:40:03 AM EST |
Added by ExpressEfile Team
Since the payroll deferment timeline has ended, employers are not able to defer the employer and employee shares of social security taxes for the 2021 tax year. To accommodate for this change, the IRS has revised Form 941 for Quarter 1, 2021.
Here are the Form 941 changes:
- Line 13b: Reserved for future use
- Line 13e: Total deposits and refundable credits.
- Line 13g: Total deposits and refundable credits less advances
- Line 24: Reserved for future use