Accounting for employee retention credit on business income

Technical topics regarding tax preparation.
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I know there has been a message board on this topic but certain things still are not clear to me.

First scenario:
1120S taxpayer [accrual and calendar year] files an amended 941X in February, 2021 for the 2nd qtr. of 2020 showing $16,000 of qualified ERC wages and an $8,000 credit [both refundable and non-refundable]. A refund for the $8,000 on the 941X will be requested. How does this affect the accounting for the 1120S for 2020? Do I debit Federal tax receivable for $8,000 and credit wages for $8,000 on the 2020 in a journal entry on 12/31/20? Taxpayer had received a PPP loan in 2020 but has not applied for forgiveness yet.


Second scenario:
1120S taxpayer [cash basis and calendar year] files fourth quarter 2020 Form 941 in January, 2021 claiming ERC wages of $40,000 from the second and third quarters of 2020 and a refund of $20,000 [50% of the $40,000]. Taxpayer had received a PPP loan in 2020 but has not applied for forgiveness yet. Since taxpayer is on the cash basis, do we make no adjustment on the 2020 1120S and just reduce wage expense in 2021 when the refund comes in?

In both of these scenarios, some of the refund is a return of the employer's portion of FICA so should any accounting reflect a reduction in both wages AND payroll taxes or just wages?

The above as mentioned is confusing to me and I know it will affect many of us.
 

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