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SheilaG
Level 2

941 Second Quarter & PPP

I'm attempting  to complete the 2nd Quarter 2020 941.  It won't allow me to opt out of the tax credits.  We do not qualify for tax credits due to receiving the Payroll Protection Program funds.  Does anyone have a work-around for this?

2 Comments 2
john-pero
Community Champion

941 Second Quarter & PPP

On a whim I attempted to create a Q2 941 and leaving those sections simply blank encountered no errors other than being disallowed to file until after the quarter ends on next Tuesday.  Even if you plan on mailing the form I would suggest waiting until a week from now so that your signature and postmark are validly after the end of the quarter.

 

Did you check for payroll updates before running the form? The blanks for retention credits or family leave pay are not required that I can tell and leaving blank or entering 0 will have same effect

SheilaG
Level 2

941 Second Quarter & PPP

Thanks for looking at this!  Yes, I have all updates as of this 6/24.  I don't plan to file prior to the end of June.  However, when I attempt to process the 941 it doesn't put any of the wages for the quarter on the form as "Taxable social security wages" and indicates that we are due a credit for the full amount that we deposited...employee and employer portions.  Putting zeroes in the retention credit and family leave pay fields is no help; I've also tried just leaving it blank.  We DEFINITELY do not have that credit coming since our payroll was already covered by PPP funds!  I can only assume this is a glitch that will be fixed in the next week or so. 

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