TaxBandits Knowledge Base

What is Form 941-X?

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.