IRS Finalizes Form 941 Revision for Covid-19 Tax Relief Reporting

The finalized version of the revised Form 941, Employer’s Quarterly Federal Tax Return, that employers must file starting with the second quarter of 2020 was released the evening of June 19 and includes many new lines for reporting data on coronavirus-related employment tax relief.

The 18 new lines on the finalized version of the revised Form 941 are identical to those that were on the draft version of the revised Form 941 released April 29. All of the modifications to the preexisting lines of Form 941 likewise are identical between the revised form’s finalized version and its draft.

Instructions for ...