Form 941-X Worksheet 2. 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. 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.
941x Worksheet 2 Excel
These instructions have been updated for changes to the qualified small business payroll tax credit for increasing research activities reported on form 8974. Web using worksheet 2 to update form 941x: If changes in law require additional changes to form 941, the form and/or these instructions may be revised. For a description of changes made under the arp, see the june 2021 revision of. Use worksheet 1 for 941 3. Find the right form 2. An employer who claimed the erc wages after march 12, 2020, and before july 1, 2021, will need to reference worksheet 2. Enter the calendar year of the quarter you’re correcting. The irs will revise forms 941 and File irs form 941 8.
If it is your first time claiming the employee retention tax credit on form 941x, you will need worksheet 2 for credit configuration. As of now, qb only generates worksheet 3. File irs form 941 8. Claim the credit retroactively 9. This is reported on the revised form 941 worksheet 1. These changes are based on form 8974 changes for the first quarter of 2023. Use the march 2021 revision of form 941 only to report taxes for the quarter ending march 31, 2021. Part 2 questions 4 and 5 are very specific to multiple circumstances that commonly arise. An employer who claimed the erc wages after march 12, 2020, and before july 1, 2021, will need to reference worksheet 2. For a description of changes made under the arp, see the june 2021 revision of. Use worksheet 1 for 941 3.
