BobKamman
Level 15
09-29-2023
05:39 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Yes, the processing of 941 forms was delayed during Covid. If a third quarter return was not processed by the time a fourth quarter return was filed, the credit-elect would not be carried over. Instead, it would be refunded. I'm not sure how a refund could occur on a 941, since deposits aren't made until the liability is known, but maybe there were some oddball credits that people could claim back then.