Draft instructions for the 2024 annual federal employment tax return were released Sept. 17 by the Internal Revenue Service.
The draft instructions for the 2024 Form 944, Employer’s Annual Federal Tax Return, remove all material including the worksheet related to the IRS’s Covid-19 credit for qualified sick and family leave wages.
Since it would be rare for employers to be paying wages related to the credit in 2024, credits should be claimed on Form 944-X, Adjusted Employer’s Annual Federal Tax Return or Claim for Refund, similar to the process for other employment tax returns, the IRS said.
The draft instructions ...
Learn more about Bloomberg Tax or Log In to keep reading:
See Breaking News in Context
From research to software to news, find what you need to stay ahead.
Already a subscriber?
Log in to keep reading or access research tools and resources.