Caution:

IRM 3.12.21.4.2.7(23) describes procedures regarding the computation of Field 40-M. Field 40-M, Field 01-C (MFT), Field 01-D (Tax Period) and the Transaction Codes will appear invalid if the conditions described in the table under (23) are NOT met.

Field 40-N, Nonrefundable portion of credit for qualified sick and family leave wages (Form 941, Form 943, Form 944, Form CT-1):

This information is found under Item N (Section 40), Page 2 (Form 3413); also, Line 11b, Page 1 (Form 3552).

This field is valid for MFT 01, MFT 09, MFT 11, and MFT 14.

If invalid on another MFT, delete Field 40-N.

Field 40-O, Nonrefundable portion of employee retention credit due to the COVID-19 crisis (Form 941, Form 943, Form 944, Form CT-1):

This information is found under Item O (Section 40), Page 2 (Form 3413); also, Line 11c, Page 1 (Form 3552).

This field is valid for MFT 01, MFT 09, MFT 11, and MFT 14.

If invalid on another MFT, delete Field 40-O.

Field 40-P, Nonrefundable portion of credit for qualified sick and family leave wages for leave taken after March 31, 2021 (Form 941, Form 943, Form 944, Form CT-1):

This information is found under Item P (Section 40), Page 2 (Form 3413); also, Line 11d, Page 1 (Form 3552)).

This field is valid for MFT 01, MFT 09, MFT 11, and MFT 14.

If invalid on another MFT, delete Field 40-P.

Field 40-Q, Nonrefundable portion of COBRA premium assistance credit (Form 941, Form 943, Form 944, Form CT-1):

This information is found under Item Q (Section 40), Page 2 (Form 3413); also, Line 11e, Page 1 (Form 3552):

This field is valid for MFT 01, MFT 09, MFT 11, and MFT 14.

If invalid on another MFT, delete Field 40-Q.

Field 40-R--Income Tax Withheld Adjustment (Form 941; Current Year), Form 944 (Prior Year):

This information is found under Item R (Section 40), Page 2 (Form 3413); also, Line 12, Page 1 (Form 3552 ):

This field is valid for MFT 01 and 14.

If invalid on another MFT, delete Field 40-R.

Field 40-S--SS and Med. Tax- Adj.; (Form 941, Form 943, Form 944 and Form 945) (i.e., Social Security and Medicare Tax - Adjustment (Form 941, Form 943, Form 944 and Form 945):

This information is found under Item S (Section 40), Page 2, (Form 3413); also, Line 13, Page 1 (Form 3552), displayed as "Social Sec. and Med. Tax - Adjustment (Forms 941, 943, 944 & 945)" .

This field is valid for MFT 01,11,14 and 16.

If invalid on another MFT, delete Field 40-S.