Note:

IRN 208 will be used to adjust the fields described above for all three referenced tax periods. Programming will apply the IRN 208 change to the correct field based on the tax period associated with the input and alter the field value appropriately. See the table in (2) of IRM 21.7.2.7.6, COVID-19 Related Employment Tax Relief and Forms 94XX, for more information on IRN usage for the 2020 Form 941, Employer's QUARTERLY Federal Tax Return.

The deferral of the employee’s share of social security tax for the quarter (in addition to any deferral of the employer’s share of social security tax) was entered on Form 941, Employer's QUARTERLY Federal Tax Return, line 13b and posted to the module as a TC 766 CRN 280. The TC 766 CRN 280 "credit" transactions posted to communicate the deferral amount reported on the original return and TC 767 CRN 280 debit transactions reverse the credit as payments are received and applied towards the deferral or when the payment of the deferred amount was due (i.e., December 31, 2021) whichever was sooner.