How to amend Form 941 Schedule R?

In March 2024, the IRS updated the Form 941 Schedule R, introducing a checkbox to specify if it’s being submitted with either Form 941 or Form 941-X. Additionally, several new columns—F, L, N, O, P, U, W, X, and Y—have been added, specifically for use when attaching Schedule R to Form 941-X. Importantly, when making corrections, you only need to file Schedule R for the specific clients that require adjustments, not for all clients. 

Steps to Amend Schedule R:

1. Complete Form 941-X: Use Form 941-X to correct any errors on a previously filed aggregated Form 941. Fill out Form 941-X with the corrected information, indicating the specific corrections needed.

2. Attach the Corrected Schedule R: On Schedule R (Form 941), check the box for 941-X. Enter the Client EIN details, and complete the lines that correspond to Form 941-X. Make sure to update any errors or omissions in Schedule R only for the specific client or customer that needs amendments. Attach this corrected Schedule R to Form 941-X.

3. Transmit to the IRS: Submit Form 941-X along with the corrected Schedule R to the IRS.