1st quarter 941 payroll tax deposit deferral

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  • manceandpeters
    Junior Member
    • Nov 2010
    • 13
    #1

    1st quarter 941 payroll tax deposit deferral

    Does anyone know the procedure for adjusting the 1st quarter 941 to report the amount of payroll tax deferral?
    Tags: None
    • BOB W
      Senior Member
      • Jun 2005
      • 4061
      #2
      Review Instructions for IRS Form 7200
      This post is for discussion purposes only and should be verified with other sources before actual use.

      Many times I post additional info on the post, Click on "message board" for updated content.

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        • manceandpeters
          Junior Member
          • Nov 2010
          • 13
          #3
          This only seems to apply to the credits, not the payroll tax deferral. The only guidelines I could find were the IRS would let us know how to file the 1st quarter, so far crickets....

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            • TaxGuyBill
              Senior Member
              • Oct 2013
              • 2360
              #4
              As you said, I haven't heard anything.

              Personally, because it only applies to March 27th-March 31st in the first quarter, I would just tell the client to pay it all, and then start the deferral for the second quarter.

                Comment

                • Lion
                  Senior Member
                  • Jun 2005
                  • 4730
                  #5
                  Does the deferral start with Q2 due to the almost-end-of-March start date?

                    Comment

                    • TAXNJ
                      Senior Member
                      • Jan 2007
                      • 2106
                      #6
                      Originally posted by Lion
                      Does the deferral start with Q2 due to the almost-end-of-March start date?
                      https://www.irs.gov/newsroom/deferra...cember-31-2020
                      Always cite your source for support to defend your opinion

                        Comment

                        • manceandpeters
                          Junior Member
                          • Nov 2010
                          • 13
                          #7
                          It is for any deposit due from 3/27 on. So for someone on a monthly deposit schedule, that could be all of March liability.

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