941 Worksheet 1 Draft. Filing form 941 is easy with taxbandits new zero filing feature; Also enter this amount on worksheet 1, step 3, line 3a.
Under generate reports, click the reports tab.; Advances received from filing form 7200 for the quarter (line 13f). Also enter this amount on worksheet 1, step 3, line 3a.
Part 1, line 13d, is where employers report the refundable portion of the employee retention credit from worksheet 1.
While this is just a draft and not intended for actual filing, it does give businesses an idea of what they can expect when filing in the future. July 2020) employer's quarterly federal tax return department of the treasury internal revenue service. It is necessary to complete worksheet 1 before preparing the form 941. On april 30, 2020, the irs released a draft of the form 941 for 2020.