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Choose whether you’re filing an updated job tax return or a claim in Part 1; you’ll probably go with box 2. ● ●
In Part 2, check box 3. Then, in box 5d, state that the Claim is for the tax that was not withheld from the employee’s pay. ● ●
On the second sheet, Line 18a, enter your non-refundable sum or ERC’s salary. ● ●
Then shift to Line 23 and add the sums on lines 7 through 22 of Column four. ● ● ●
On the subsequent page, fill in your refundable share of the ERC. Add the sum on the following page, Line 27, to the numbers on lines 23–26c of column 4. ● ●
In Line 30, add the Qualified revenue for the ERC. ● ●
On-Line 43, write a detailed description of how you got to your decision. For instance, changing a return to applying for ERC Credits. Your refund check should be mailed to the contact shown on your account. ● ●
As needed, read and submit the last page of Part 5.
● The ERC reduces the amount of payroll taxes paid by qualifying employers. The worker’s share of Social Security tax, which is 6.2% of salaries, was the relevant employment tax for 2020 and the first and second quarters of 2021. The worker’s portion of Medicare taxes, which is 1.45% of the payout of the eligible worker for qualified wages, was the relevant employment tax for the 3rd and 4th quarters of 2021. The ERC 941-X does require someone to understand the procedure and how it should be solved. The process is very simple. The Relief Act allows an employer to share where they choose an alternate quarter to assess eligibility, as explained in IRS Notice 2021-23. 4