othorn
Level 2

N-2021-49 (irs.gov)

You are not up to date.  This guidance came out August 4, 2021.  Attaching for your reading.

Intuit is changing the 5884-A to accommodate the 50% and 70% ERC credits per this notice.

So you know, you have to amend 2020 941's to receive the credit, then amend the 2020 income tax return to reduce the wages deducted on the original return by the credit received from the amended 2020 941's.

If you do not amend the original income tax return, you have then taken the full deduction and received the credit.  

Please don't use BOLD when you respond, especially if you are not familiar with what is being asked.

Hope this helps you in your practice.

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