Form 941 Instructions & FICA Tax Rate [+ Mailing Address]
Worksheet 2 941X. Adjusted employee retention credit for wages paid after june 30, 2021, and before january 1, 2022. Subtract line 1g from line 1f.
Form 941 Instructions & FICA Tax Rate [+ Mailing Address]
The nonrefundable portion of the erc (as calculated on worksheet 1) is the amount that applies against the employer’s 6.2% share of social security tax. Find the right form 2. This amount is originally found on form 941, like 13d. Determine which payroll quarters in 2020 and 2021 your business qualifies for. Worksheet 1 (included in the instructions to form 941) is used to calculate the nonrefundable portion and refundable portion of the erc. Subtract line 1g from line 1f. Web using worksheet 2 to update form 941x: The 941 ertc worksheets for the 2q 2021 have changed. Download & print with other fillable us tax forms in pdf. 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.
The nonrefundable portion of the erc (as calculated on worksheet 1) is the amount that applies against the employer’s 6.2% share of social security tax. If it is your first time claiming the employee retention tax credit on form 941x, you will need worksheet 2 for credit configuration. Worksheet 1 (included in the instructions to form 941) is used to calculate the nonrefundable portion and refundable portion of the erc. Adjusted employee retention credit for wages paid after march 12, 2020, and before july 1, 2021. Check the claim box 4. Web 9 steps to apply for the ertc with irs form 941 1. Note the type of return and filing period 3. Note the amount of the employee retention tax credit 7. This amount is originally found on form 941, like 13d. Web the new form 941 worksheet 2 for q2 2021 should be completed by all employers that paid qualified wages for the employee retention credit after april 1, 2021. Find lines 11c and 13d on form 941 7.
