What is Form 941-X?
389 views | Last modified 7/12/2024 8:23:08 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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