mike9
Level 4
03-17-2021
10:22 PM
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The Credit must be offset against Wages, Line 7 or 8 on an 1120-S for example, when filing the entity 2020. My concern was for those entities who have not yet received the refund the timing of receiving the refund and the due date for filing the 2020 entity return may become an issue
So this is not a concern for those who already received the refund or credit against future 941 taxes.