Revised 2020 IRS 941 Form 

Revised IRS 941 Form

Jun 03, 2020

Revised IRS 941 Form

The IRS has now published a revised Form 941 to be used for the rest of 2020.  The new form includes the changes made by the Families First Coronavirus Response Act and the Coronavirus Aid, Relief, and Economic Security Act that added various types of payroll tax relief.



Federal law requires employers to withhold certain taxes from their employees' pay—typically income, Medicare, and social security taxes. In addition, employers are responsible for paying an additional “employer share” of social security and Medicare taxes. Collectively, these withholdings are generally referred to as “payroll taxes.” 

IRS Form 941 is used to report these payroll taxes, as well as wages paid by an employer. The 941 form is also used to pay an employer’s part of Medicare tax or social security, according to the IRS.


What You Need To Know About The New Revised 941 IRS Form

The IRS has now published a revised Form 941 to be used for the rest of 2020.  The new 941 form includes the changes made by the Families First Coronavirus Response Act and the Coronavirus Aid, Relief, and Economic Security Act that added various types of payroll tax relief.

Specifically, the new IRS 941 form adds lines to account for:

  • Credit for Qualified Sick and Family Leave Wages;
  • Employee Retention Credit; and
  • Deferred Amount of the Employer Share of Social Security Tax.


The IRS also has published 17 pages of instructions related to the new revised IRS 941 form.


When is the 941 filed? 

Tax deposit dates and form filing dates are different. 

Form 941 is a summary of what has already paid in payroll taxes and must be submitted quarterly.

Filing dates are:

   1. April 30th for Q1

   2. July 31 for Q2

   3. October 31 for Q3

   4. January 31 for Q4 of the previous year.

These Form 941 filing dates may have been changed due to continued legislation related to Covid-19. You can follow Federal employer tax related news at


Payroll Tax Deposit Due Dates

Monthly deposits must be made by the 15th day of the month following the month when you paid employees. For example, if you paid employees in July, you must make a deposit no later than August 15.

Semi-weekly deposits are made on the following schedule:

  • Deposit taxes from payrolls paid on Saturday, Sunday, Monday, or Tuesday by the following Friday.
  • Deposit taxes from payrolls paid on Wednesday, Thursday, or Friday by the following Wednesday.

Next-day deposits. If your payroll tax obligation is $100,000 or more, you must deposit the next day and you must continue to make next-day deposits for the rest of that year and the following year.

There is no penalty for deposit errors if they don't exceed $100 or 2% of the amount of employment taxes required to be deposited. You must make up the balance by a predefined make-up day in order to avoid further penalties.


IRS Form 941

Revised IRS Form 941

The new instructions for the Revised Form 941 are quite extensive and can be downloaded at


Aatrix Software provides automated Form 941 as part of their Fed and State Payroll Reports solution integrated into over 60 popular payroll products. Developers can add this powerful feature to their desktop or online payroll solution with minimal development costs and create improved customer loyalty and a new revenue stream in less than 90 days. For more information go to


Aatrix Payroll Reporting Software Testimonial

'We built Aatrix directly into our existing Tax menus and replaced our old process entirely.  We did this for several reasons, 1) to lower our R&D costs on maintaining compliance within payroll 2) to lower our support costs because one process is easier to support than two or three processes and 3) to drive all users through Aatrix which will build trust and help to deepen the revenue pool.  The other thing that we did was drive Sage Checks and Forms in conjunction with our Aatrix offering.  Sage C&F's offers the four part perforated paper recommended within Aatrix; so for all of the customers printing we drive forms revenue, and for all of the customers eFiling we get filing revenue - it's a win/win.  We have driven awareness by putting Aatrix and the Forms vendor together, building a mini-website, launching free webcasts, building links into MIP, and several other initiatives.  The revenue for Aatrix and Sage C&F's has gone up about 200% in the past 24 months.'

Brooke Huling, Sage MIP Fund Accounting






Category List

Tag List

Employee Travel (1)
IRS Form 1099 NEC (3)
Payroll Tax Notice (2)
The Families First Coronavirus Response Act (1)
Company Of The Year (1)
1099 TIN Matching (6)
remote office (2)
SOC2 (4)
IRS 941 Form (2)
Aatrix eFile (9)
1099 (11)
e-Filing (1)
Paypal (1)
Millennials (2)
Corrections (2)
COVID-19 (8)
Ultimate Payroll (1)
Venmo (1)
1099 G (1)
Employee Documentation (1)
SOC3 (2)
Retirement Contribution Limits (1)
State (1)
New Hire Reporting (3)
IRS Tax Forms (2)
cyber attacks (1)
CIO Review (3)
Labor Shortage (1)
SUI (1)
Security (6)
Reports (1)
eFiling Thresholds (2)
IRS (5)
Top 10 (3)
1099-G (5)
Quarterly Reports (1)
Employee Retention Credit (2)
Reporting (1)
Federal (1)
Certified Payroll Reports (1)
Web Forms (1)
Taxes (2)
IRS Form 941 & 940 changes (3)
Aatrix Software, Inc. (5)
Forms (1)
IRS 7200 Tax Form (1)
IRS 1099 NEC Form (2)
Fraud (2)
Social Security Withholding (3)
ACA Compliance (3)
Tax Identification Number (2)
1095-C (4)
Student Loan Relief (1)
Technology (3)
unemployment (6)
Growth (1)
1094-B (2)
Review (2)
Virtual Currency (1)
CP2100 (3)
EEO-1 (3)
Sage Solutions Provider (1)
Payroll Reports (18)
ACA Reporting (5)
Tax Free (1)
Aatrix (6)
State Payroll Reports (3)
Infrastructure (1)
eFiling (3)
w-4 (2)
IRS Form 1099 (3)
Technology Companies (2)
Payroll Tax Relief (1)
SSA Notice (2)
Form 941 (1)
Withholding (5)
Tax (2)
Payroll Tax Rates (1)
IRS Form W-2 (6)
Innovation (2)
TIN Matching (4)
Windows (3)
ACA e-filing (3)
Filing (1)
Payroll (20)
1095-B (4)
employees (1)
FMLA (1)
IRS Form 941 Changes (2)
FUTA (1)
Sage Summit 2015 (1)
Economic Security Act (1)
Small Business (2)
Improvements (1)
Solutions (2)
1094-C (2)
IRS Form W-3C (1)
payroll reporting changes (2)
Payroll Tax Forms (5)
covid (2)
American Rescue Plan (1)
Tax Return (2)
Compliance (5)
interest rates (1)
HFSA (1)
Human Resource (1)
I-9 (2)
Paycheck (2)
IRS Notice 931 (1)
eFile (6)
Social Security Wage Base (2)
Helpful Hints (1)
work from home (1)
HR (1)
Penalties & Fines (1)
Medical Leave (1)
Sage (1)
941-X (1)
Standard Mileage Rate (1)
Top 50 (1)
940 (1)
Electronic W-2 (1)
OEM Payroll (2)
independent contractors (1)
Rebranding (1)
1099-K (4)
Staff (1)
irstaxtip (1)
Families First Coronavirus Response Act (1)
Accounting Solutions Provider (2)
Per Diem (1)
Deposit Schedule (1)
Coronavirus (2)
e-File (1)
Future (1)
Sponsorship (1)
Employee Tax Credits (1)
New Logo (1)
HSA (1)
ACA eFiling (4)
Year-End Deadlines (2)
Payroll Compliance (4)
Initiatives (1)
Assessment (4)
Accounting Solutions (2)
SSA (2)
Sick Leave (2)
Travel Expenses (1)
overtime (1)
CV Technology Innovator Awards (1)
Inflation (1)
Employee Benefits (1)
Federal Taxes (1)
2020 IRS Form W-2 (2)
Cryptocurrency (2)
Enterprise (2)
Child Tax Credit (2)
vaccine (2)
ACA 1095 C&B requirements (3)
Awards (1)
941 (6)
Dependent Care (1)
Biometrics (1)
Payroll Software (7)
Solution (3)
Workplace Efficiencies (1)
Payroll Tax (4)
Top 100 (2)
Recruiting & Retention (4)
Tax Payments (1)
TUG (1)
1099 NEC (7)
IRS Notice (2)
Aatrix Software (9)
1099-INT (2)
Social Security Number Verification (3)
Cloud (1)
Accountant Shortage (1)
ACA (8)
SMBs (1)
Sage Summit 2014 (1)
1099-MISC (3)
IRS 7200 Form (1)
Paid Leave (1)
PTO Payout (1)
Payments (1)
Sage 300 CRE (1)
1095 (6)
Paycheck Protection Program (1)
Coronavirus Aid (2)
Social Security Tax Deferral (1)
CIO (3)
Medicare Tax (1)
Payroll Reporting (14)
Paycard (1)
TIN Matching Services (4)
Travel During Covid (1)
IRS Form 941 (3)
Business Travel (1)
W-2 (12)
Sage Summit (2)
Safe eFiling (1)
Payroll Solution (6)
workplace dynamics (2)
Payroll Taxes (5)
Payroll Tax Reporting (10)
SUTA (1)
Affordable Care Act (3)
1099-PATR (2)
IRS Form 7200 (1)
Federal Payroll Reports (2)
B-Notice (2)
IRS Forms (1)
employee retention (4)
CV Magazine (1)
minimum wage (3)
Top Software (1)
Mac (1)
Secure eFiling (2)
Sage Solutions (1)
CA Pay Data Report (1)
Tax Identification Number Verification (2)
Gig Economy (1)

Tag Cloud

CIOTravel ExpensesSSA NoticeSUTAACA 1095 C&B requirementsImprovementsPayroll SoftwareSage SolutionsSage Summit 2014Social Security WithholdingNew Hire ReportingIRS 7200 Tax FormEFTPS1095interest ratesPayrollSage Summit 20151099-KLabor ShortageirstaxtipPayroll ComplianceIRS Notice 931New LogoPayroll Tax1099 GTop 50ACA ComplianceSolutionCoronavirus AidQuarterly ReportsAatrix Software, Inc.Payroll Tax NoticeBiometricsCOVID-19SSAVirtual CurrencyTIN Matching ServicesAatrix eFileIRS Form 941 & 940 changesAssessment1094-Ccyber attacks1099-PATR941-XIRS Form W-3CIRS 1099 NEC FormIRS NoticeForm 9411095-BSocial Security Number VerificationFutureHelpful HintsCV Technology Innovator AwardsWorkplace EfficienciesEmployee BenefitsSage 300 CREFilingTop SoftwareWeb FormsFamilies First Coronavirus Response ActACA eFilingState Payroll ReportsHSADeposit ScheduleW-2independent contractorsSOC3Accounting SolutionsAatrix Software1099-GCoronavirusPaycheck Protection ProgramPayroll ReportsEnterpriseEconomic Security ActSafe eFilingSUIIRS Form 941 ChangesSocial Security Wage Base1099-MISCpayroll reporting changesMacBusiness TravelTax PaymentsEmployee Tax CreditsElectronic W-2Gig EconomyRebrandingIRS FormsCloudSolutionsCryptocurrencyRecruiting & RetentionStaffGrowtheFiling ThresholdsHuman ResourceTax Identification Number VerificationReportingTop 10TUGI-9SageSmall BusinessFederal Payroll ReportsYear-End DeadlinesAatrixeFileUltimate PayrollAffordable Care Actremote officePaymentsVenmoCompany Of The YearEmployee DocumentationStudent Loan ReliefIRS Form W-2WindowsInitiativesSecure eFilingSponsorshipPaypalSage Summit1099-INTSocial Security Tax DeferralHFSAMillennialsIRSe-FilingEmployee Travelworkplace dynamicsHRInfrastructureEmployee Retention CreditCompliancePayroll Tax RatesThe Families First Coronavirus Response ActCV Magazine1099940e-File1099 NECPayroll ReportingovertimeACA e-filingPaid LeavePayroll Tax ReliefTIN MatchingTechnology CompaniesCA Pay Data Reportw-4Medical LeaveCIO ReviewTop 100Tax ReturnCorrectionsIRS 7200 Form941employeesTechnologySecurityStateFMLATax FreeStandard Mileage RateWithholdingminimum wagePayroll Tax ReportingFormsPayroll Tax FormseFiling2020 IRS Form W-2EEO-1Medicare TaxInnovationPaycardACA ReportingAmerican Rescue PlanTaxesFUTAunemploymentIRS Form 1099ACA1099 TIN Matching1094-BSOC2work from homeCertified Payroll ReportsOEM PayrollAwardsDependent CareIRS Form 1099 NECSage Solutions ProviderSMBsChild Tax Creditemployee retentionIRS Form 7200Federal Taxes1095-CHIPAAPTO PayoutPer DiemPaycheckFraudReportscovidReviewFederalPayroll SolutionRetirement Contribution LimitsTax Identification NumberAccountant ShortageTaxInflationIRS Form 941CP2100IRS 941 FormPenalties & FinesPayroll TaxesIRS Tax FormsvaccineAccounting Solutions ProviderSick LeaveTravel During CovidB-Notice