941 Worksheet 1 Example. For worksheet 1, there are three steps to determine the nonrefundable and refundable credits to apply to the form 941. • enter the local’s ein number.
Credit for qualified sick and family leave wages and the employee retention credit. Click here to access a sample worksheet 1. The july 2020 revision of form 941 will be used to report employment taxes beginning with the third quarter of 2020.
On line 22, input the qualified health plan expenses for the erc.
Form 941 line 5a(i) pick up $180 for this payroll check and $20 will be included in worksheet 1 line 2a(i). The next step is to figure out if you have a balance due or an overpayment. Form 941 has been revised to allow employers that defer the withholding and payment of the employee share of social security tax on wages paid on Depending on how much tax you pay, you may need to file either a 941 or form 944.
