IRS Form 941 Schedule R
2nd Quarter of 2021
Revised Form 941 Schedule R
for 2nd Quarter 2021
Updated on September 8, 2022 - 10:30 AM by Admin, TaxBandits
IRS released the final version for the Form 941 and Schedule R for the 2nd quarter of 2021. The following are the changes to the Schedule R of 2021.
The following topics are covered in this article:
1. Changes to the Updated Form 941 Schedule R for the 2nd quarter 2021
Much like the Form 941, the Schedule R has many updates for the second quarter of 2021. Many of these changes are due to the extension and amendment of the sick and family leave wages and the employee retention credit under the American Rescue Plan. The creation of the COBRA premium assistance credit has also contributed to these updates.
Column f:
| 2021 Q1 Form 941 Schedule R | 2021 Q2 Form 941 Schedule R |
|---|---|
| (f) Form 941, line 5a(i), column 1 | (f) Form 941, lines 5a(i) and 5a(ii), column 1, total |
Column f should now be the total of qualified sick leave wages taken before April 1, 2021, and paid after March 31, 2020, lines 5a(i) and 5a(ii) in column 1 of Form 941.
Column g:
| 2021 Q1 Form 941 Schedule R | 2021 Q2 Form 941 Schedule R |
|---|---|
| (g) Form 941, line 5a(ii), column 1 | (g) Form 941, lines 5a and 5b, column 2, total |
Instead of entering the value from line 5a(ii) on Form 941, enter the total of the values from 5a (Taxable social security wages) and 5b (Taxable social security tips) in column 2.
Column h:
| 2021 Q1 Form 941 Schedule R | 2021 Q2 Form 941 Schedule R |
|---|---|
| (h) Form 941, line 5e | (h) Form 941, line 5c, column 2 |
Instead of entering the value from line 5e, enter the value from line 5c, column 2
(Taxable Medicare wages & tips).
Column i:
| 2021 Q1 Form 941 Schedule R | 2021 Q2 Form 941 Schedule R |
|---|---|
| (i) Form 941, line 5f | (i) Form 941, line 5e |
Instead of entering the value from line 5f, enter the value from line 5e (Total social security
and Medicare taxes).
Column j:
| 2021 Q1 Form 941 Schedule R | 2021 Q2 Form 941 Schedule R |
|---|---|
| (j) Form 941, line 11a | (j) Form 941, line 5f |
Instead of entering the value from line 11a, enter the value from line 5f (Section 3121(q) Notice and Demand-Tax due on unreported tips).
Column k:
| 2021 Q1 Form 941 Schedule R | 2021 Q2 Form 941 Schedule R |
|---|---|
| (k) Form 941, line 11b | (k) Form 941, line 11a |
Instead of entering the value from line 11b, enter the value from line 11a (Qualified small business payroll tax credit for increasing research activities).
Column l:
| 2021 Q1 Form 941 Schedule R | 2021 Q2 Form 941 Schedule R |
|---|---|
| (l) Form 941, line 11c | (l) Form 941, lines 11b and 13c, total |
Instead of entering the value from line 11c, enter the total of the values from 11b (Nonrefundable portion of credit for qualified sick and family leave wages for leave taken before April 1, 2021) and 13c (Refundable portion of credit for qualified sick and family leave wages for leave taken before April 1, 2021).
Column m:
| 2021 Q1 Form 941 Schedule R | 2021 Q2 Form 941 Schedule R |
|---|---|
| (m) Form 941, line 12 | (m) Form 941, lines 11c and 13d, total |
Instead of entering the value from line 12, you will enter the total of lines 11c (Nonrefundable portion of employee retention credit) and 13d (Refundable portion of employee retention credit).
Column n:
| 2021 Q1 Form 941 Schedule R | 2021 Q2 Form 941 Schedule R |
|---|---|
| (n) Form 941, line 13a | (n) Form 941, lines 11d and 13e, total |
Instead of entering the value from line 13a, enter the total of the amounts in line 11d (Nonrefundable portion of credit for qualified sick and family leave wages for leave taken after March 31, 2021) and 13e (Refundable portion of credit for qualified sick and family leave wages for leave taken after March 31, 2021).
Column o:
| 2021 Q1 Form 941 Schedule R | 2021 Q2 Form 941 Schedule R |
|---|---|
| (o) Form 941, line 13b | (o) Form 941, lines 11e and 13f, total |
Instead of entering the amount from line 13b, enter the total of the amounts from 11e (Nonrefundable portion of COBRA premium assistance credit (see instructions for applicable quarters) and 13f (Refundable portion of COBRA premium assistance credit (see instructions for applicable quarters).
Column p:
| 2021 Q1 Form 941 Schedule R | 2021 Q2 Form 941 Schedule R |
|---|---|
| (p) Form 941, line 13c | (p) Form 941, line 11f |
Instead of entering the amount from line 13c, enter the amount from line 11f (Number of individuals provided COBRA premium assistance).
Column r:
| 2021 Q1 Form 941 Schedule R | 2021 Q2 Form 941 Schedule R |
|---|---|
| (r) Form 941, line 13f | (r) Form 941, line 13a |
Instead of entering the value on line 13f, enter the value on line 13a (Total deposits for this quarter, including overpayment applied from a prior quarter and overpayments applied from Form 941-X, 941-X (PR), 944-X, or 944-X (SP) filed in the current quarter).
Column s:
| 2021 Q1 Form 941 Schedule R | 2021 Q2 Form 941 Schedule R |
|---|---|
| (s) Form 941, line 19 | (s) Form 941, line 13h |
Instead of entering the value on line 19, enter the value on line 13h (Total advances received from filing Form(s) 7200 for the quarter).
Column t:
| 2021 Q1 Form 941 Schedule R | 2021 Q2 Form 941 Schedule R |
|---|---|
| (t) Form 941, line 20 | (t) Form 941, line 18b checkbox (Answer Yes or No) |
Instead of entering the amount from line 20 of 941, check Yes or No on line 18b to indicate if the business is eligible for the employee retention credit because it is a recovery startup.
Column u:
| 2021 Q1 Form 941 Schedule R | 2021 Q2 Form 941 Schedule R |
|---|---|
| (u) Form 941, line 21 | (u) Form 941, lines 19 and 20, total |
Instead of entering the amount from line 21 from Form 941, enter the total of line 19 (Qualified health plan expenses allocable to qualified sick leave wages for leave taken before April 1, 2021) and line 20 (Qualified health plan expenses allocable to qualified family leave wages for leave taken before April 1, 2021).
Column v:
| 2021 Q1 Form 941 Schedule R | 2021 Q2 Form 941 Schedule R |
|---|---|
| (v) Form 941, line 22 | (v) Form 941, lines 21 and 22, total |
Instead of entering the amount on line 22, enter the total of line 21 (Qualified wages for the employee retention credit) and line 22 (Qualified health plan expenses for the employee retention credit).
Column w:
| 2021 Q1 Form 941 Schedule R | 2021 Q2 Form 941 Schedule R |
|---|---|
| (w) Form 941, lines 5a and 5b, column 2, total | (w) Form 941, lines 23 and 25, total |
Instead of entering the total from lines 5a and 5b in column 2, enter the total from line 23 (Qualified sick leave wages for leave taken after March 31, 2021) and line 25 (Amounts under certain collectively bargained agreements allocable to qualified sick leave wages reported on line 23).
Column x:
| 2021 Q1 Form 941 Schedule R | 2021 Q2 Form 941 Schedule R |
|---|---|
| (x) Form 941, line 24 | (x) Form 941, lines 24 and 27, total |
Instead of entering the value from line 24, enter the total of the amounts in line 24 (Qualified health plan expenses allocable to qualified sick leave wages reported on line 23) and line 27 (Qualified health plan expenses allocable to qualified family leave wages reported on line 26).
Column y:
| 2021 Q1 Form 941 Schedule R | 2021 Q2 Form 941 Schedule R |
|---|---|
| (y) Form 941, line 25 | (y) Form 941, lines 26 and 28, tota1 |
Instead of entering the amount from line 25, enter the total of the amounts in line 26 (Qualified family leave wages for leave taken after March 31, 2021) and line 28 (Amounts under certain collectively bargained agreements allocable to qualified family leave wages reported on line 26).
2. 2021 Deadline to File Form 941 Schedule R
The deadlines to file Form 941 Schedule R are as follows for the rest of 2021:
| Quarter | Reporting Period | Deadline |
|---|---|---|
| Quarter 2 | Apr, May, and Jun | August 02, 2021 |
| Quarter 3 | Jul, Aug, and Sep | November 01, 2021 |
| Quarter 4 | Oct, Nov, and Dec | January 31, 2022 |
3. Further Assistance to E-file 941
The final version of Form 941 for the second quarter contains many updates, many of these changes are related to the American Rescue Plan. To learn more about the Form 941 final version, you can find it here.
Since the IRS released the final version, you can now e-file 941 schedule R with TaxBandits
easily and securely.