941 Will change multiple times in 2010

by Ted

Due to the available OASDI credit the HIRE act created, there will be multiple revisions to the 941 form this year. The credit is not available to take in the 1Q so the 1Q 941 is the same as the 2009 form except for the year. 2Q will have a new form that will have lines to take the credit for part of the first quarter and the complete second quarter. 3Q and possibly 4Q will have lines to take this credit just for their respective quarters.

The 1Q 941 form for 2010 is available now. Once the IRS releases the new  2Q-4Q forms, and official guidance, the forms will be made available through auto-update.



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