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Important: IRS Finalizes Changes to Payroll Tax Return Form 941

On June 20, 2020, the IRS finalized tax Form 941, Employer’s Quarterly Federal Tax Return, to collect information about the new COVID-19 tax incentives, expanding the form from two to three pages, and adding 58 new data fields (previously 18 total lines).  See Appendix I: Summary of COVID-19 Employer Tax Incentives for more information. While the […]

The post Important: IRS Finalizes Changes to Payroll Tax Return Form 941 appeared first on SmallBizClub.

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