What is Form 941-X?
588 views |Last modified 8/16/2024 5:27:57 AM EST | Added by TaxBandits Team
Applicable To
94X
1099
W-2
ACA
W-4
IRS Form 941-X (Adjusted Employer’s Quarterly Federal Tax Return or Claim for Refund) Is used by employers to correct errors or claim refunds for the previously filed Form 941. You must file a separate 941-X for each tax period for which there was an error.
Criteria for Filing Form 941-X
Form 941-X can be filed for underreported and overreported taxes:
- Underreported taxes - reporting less income or revenue than was actually received. If you file 941-X for underreported taxes you must make tax payment when you file the form.
- Overreported taxes - reporting more income or revenue than was actually received. When reporting overreported taxes, you can claim either a refund or an abatement for your next return.
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