941 Worksheet 1 Excel. Beginning with the second quarter 2020 form 941 the form has been updated to include worksheet 1 on page 5. In the new form there is a new worksheet.
This worksheet is broken up into three steps. However it is a great tool for completing form 941 for the second third and fourth quarters. Form 941 worksheet 1 is used to calculate refundable and nonrefundable portions of qualified sick family leave employee retention credits this quarter.
To help business owners calculate the tax credits they are eligible for the irs has created worksheet 1.
With the second quarter deadline for form 941 approaching on july 31 2020 now is a great time to begin e filing your form. To help business owners calculate the tax credits they are eligible for the irs has created worksheet 1. Beginning with the second quarter 2020 form 941 the form has been updated to include worksheet 1 on page 5. Join larry gray as he gives you guidance line by line.