2020 Form 941 - Q3 & Q4

3 New Refundable Credits - Featuring A Line-by-Line Analysis With 2 Detailed Examples & Update for Schedule C Filers

CREDITS: 2

CATEGORY: Taxation

SPEAKER: Karen Davis, EA

DATE: Thursday November 19, 2020 or On-Demand Archive (NO CPE CREDIT for On-Demand )

TIME: 12:00 P.M. - 2:00 P.M. Eastern

LOCATION: Webinar Rebroadcast

NOTE: There will be an opportunity to receive answers from the instructor in real-time by submitting your questions in the Q&A forum on the webinar page!

This seminar will highlight the new 3-page Form 941 for the Q3 & Q4 of 2020 featuring a line-by-line example including: (1) the Employee Retention Credit and deferral of employer share of social security tax; and (2) FFCRA sick and family leave credits and the new Form 7200 (Advance Payment of Employer Credits Due to COVID-19).

Close attention will be paid to how these topics affect self-employed people –

1. IRS guidance on how to report FFCRA credits on W-2, so that Schedule C filers can coordinate whatever they are claiming independently

2. JUST RELEASED on Sep. 8: Form 7202 for self-employed people to claim the FFCRA credits, as introduced in Notice 2020-54

3. IRS draft Schedule SE, with a new Part III to show 6.2% deferral of "employer share" of the 12.4% social security tax

Topics & Learning Objectives Include:

  • A line-by-line example including the Employee Retention Credit
  • Deferral of employer share of social security tax
  • FFCRA sick and family leave credits
  • FFCRA detailed example
  • New Form 7200 (Advance Payment of Employer Credits Due to COVID-19).
  • New 2020 Schedule SE

Click On The Video Below To View A Demo of Karen Davis

Karen Davis is one of the most knowledgeable tax lecturers in the nation. She has the ability to simplify the most complex tax rules. Bring in all your tax questions and get a CORRECT answer.

  • Program Level: Overview
  • Prerequisites: Basic Knowledge of Individual Taxation
  • Advance Preparation: None Required
  • $115.00 $89.00
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