IRS posts drafts of Forms 943 and 944
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Wednesday, September 30, 2020

IRS posts drafts of Forms 943 and 944

By Payroll and Entitlements Editorial Staff

The IRS has posted drafts of Forms 943 and 944 Employer’s Annual Federal Tax Return for Agricultural Employees and Form 944, Employer’s ANNUAL Federal Tax Return. The forms incorporate the reporting of any (employer and employee portions) deferred social security amounts.

The President issued an executive order allowing for the deferral of the employee portion of social security tax during the period from September 1, 2020, through December 31, 2020 (see PAYROLL MANAGEMENT GUIDE Report Letter 2664, August 18, 2020). The Coronavirus, Aid, Relief and Economic Security Act (CARES Act) (P.L. 116-136) allowed employers to defer the deposit and payment of the employer’s share of social security taxes (see PAYROLL MANAGEMENT GUIDE Report Letter 1564/2647, April 7, 2020).

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