IRS Updates Form 941 Schedule B Instructions

Revised instructions for the attachment for semiweekly depositors to the quarterly federal employment tax return were released May 29 by the Internal Revenue Service.

Instructions for Schedule B, Report of Tax Liability for Semiweekly Schedule Depositors, of Form 941, Employer’s Quarterly Federal Tax Return, mention that employers wishing to claim Covid-19 sick and family leave credits for wages paid after Dec. 31, 2023, should file Form 941-X, Adjusted Employer’s Quarterly Federal Tax Return or Claim for Refund. Form 941-X should be filed for the quarter in which the wages were paid after Form 941 is filed, the IRS said, ...