Are there any changes in Form 941 for the 3rd quarter?
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Last modified 10/12/2021 9:12:36 AM EST
Applicable To
Form 941
Form 1099 / W-2
Form 2290
Yes, the IRS has revised Form 941 for Quarter 3, 2021. The changes in Form 941 for the 3rd quarter of 2021 are as follows:
Worksheet 4 - This worksheet will be used by employers to calculate their refundable and nonrefundable portions of the employee retention credit (ECR).
Line 18b - If you’re eligible for the employee retention credit solely because your business is a recovery startup business. Check this box if you are a recovery startup business. By doing this, you can claim a total of $50,000 for Quarter 3, 2021.