Using Form 941 For FFCRA Tax Credits
By Laura Melville, Manager, Outsourced Payroll
This guide is to be a helpful resource to guide you through how to properly prepare your 4th quarter Form 941 should you have any paid sick or family leave wages under the Families First Coronavirus Response Act for which you are claiming refundable tax credits.
For further information on the details of this Act, read this blog.
Earlier this year, the IRS had updated Form 941 to allow employers to report wages paid under this Act. Be...
