IRS Issues Draft of Form 944 for 2020 | TaxBandits
IRS Issues Draft of Form 944 for 2020 | TaxBandits

The IRS has rolled out new drafts of several employment tax returns that are filed on an annual basis, including Form 944. As an employer, you are busy adapting to the constantly changing economic environment that this pandemic has produced, so your annual tax forms may be the last thing on your mind. To ease the stress of figuring out these new drafts and how your reporting will change this year, TaxBandits is breaking them down for you! Form 944 is the Employer’s Annual Federal Tax Return is filed by employers annually in place of Form 941, which is a quarterly form. This form can only be filed by employers that have written permission from the IRS. The following lines of Form 944 have been either added or affected due to the COVID-19 tax credits. https://www.taxbandits.com/payroll-forms/e-file-form-944-online/