Changes to Form 941

Loan Expenses

Written by Corenne Gutierrez

August 14, 2020

Form 941 has been revised to incorporate the changes that were brought about by the Families First Coronavirus Response Act (FFCRA) and the Coronavirus Aid, Relief, and Economic Security (CARES) Act.

Several new lines have been added to the Form to report information for the:

  • Qualified sick and family medical leave wages credit
  • Employee retention credit
  • Deferral of the employer’s share of social security tax

This new Form will be effective for reporting for the quarter ending June 30, 2020.

Links to the new 941, as well as the instructions, can be found below.

IRS Website

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Corenne Gutierrez
I joined Hawkins Ash CPAs in 2011. As the Firm's marketing manager, I develop and deploy strategic marketing and communications plans to fulfill the marketing goals of the Firm as a whole, each office and business line.

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