New Form 941 Worksheet 1: A Step-by-Step Guide
New Form 941 Worksheet 1: A Step-by-Step Guide In last week’s blog post, Larry Gray discussed the newly released Form 941 Payroll Tax Form for 2020. In the below video,…
New Form 941 Requirements
The IRS has released the new Form 941 Payroll Tax Form for 2020, which must be used beginning the second quarter of 2020. There are 18 new lines; it is 3 pages instead of 2; and there’s a whole new accompanying worksheet.
In the below video, you’ll learn how to report your qualified sick leave wages, qualified family leave wages, and employee retention credit on the new 941 Payroll Tax Form. You will also learn where to report your Form 7200 totals on Form 941 to reconcile it. There are so many things added to Form 941 from the stimulus packages, so it’s very important to learn what you need to do.
Video created by Larry Gray, CPA of AGC Solutions
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