TaxBandits Knowledge Base
Have questions? We've got you covered!How to file Form 941-X with TaxBandits?
E-Filing of Form 941-X with TaxBandits
Starting in 2024, the IRS allows businesses to electronically file amendments for Form 941(Q1, Q2 of 2024) using Form 941-X (Adjusted Employer’s Quarterly Federal Tax Return or Claim for Refund). TaxBandits provides comprehensive support to e-file 941-X, ensuring businesses and tax professionals feel supported throughout the process.
Here are the following steps to be followed to E-file Form 941-X with TaxBandits:
Step 1: Sign in to your TaxBandits account.
Step 2: Click Start New>>Form>>941-X in the dashboard.
Step 3: Select the employer from the address book or enter the employer information manually and click Save and Continue.
Step 4: Choose the Tax Year and Quarter to file Form 941-X.
Step 5: Select the return and the quarter for which you make corrections. Enter the calendar year for the respective quarter you’re correcting.
Step 6: Explain the corrections of underreported and overreported amounts required for the specific quarter in Line 43 of Form 941-X. Click “ Save and Continue” to proceed further.
Step 7: If you want to add Amended Schedule B (Form 941) with Form 941-X, click “I want to add Schedule-B”.
Step 8: Review the details of the Form 941-X in the Summary page of 941-X. If you want to edit any information in the Form 941-X, you can do so accordingly.
Step 9: After reviewing the Form details, make payment and transmit the Form 941-X to the IRS.
Upon submitting your return, TaxBandits will email the status of your Form 941-X returns. You can also sign in to the TaxBandits and view the status anytime.
Paper Filing of Form 941-X with TaxBandits
If you need to amend your 2022 or 2023 Form 941 returns, you must use Form 941-X(Adjusted Employer’s Quarterly Federal Tax Return or Claim for Refund) and file it through paper filing to the IRS. TaxBandits allows you to effortlessly complete and download Form 941-X for paper filing to the IRS.
Follow the steps below to paper file Form 941-X with TaxBandits:
- Sign in to your TaxBandits account.
- In the dashboard, click Start New>>Form>>941-X.
- Select the employer from the address book or enter the employer information manually and click Save and Continue.
- Choose the Tax Year and Quarter to file Form 941-X.
- Enter the date you discovered the error.
- Complete all five pages of form 941-X and explain how you determined your corrections for this quarter. Once done, click Save and Continue.
- Review your details and click Complete Filing to finalize the payment and generate your completed Form 941-X.
- Once the form is prepared, you can download and print it, sign it manually, and then mail it to the IRS.
- The mailing address for Form 941-X depends on your location and whether you are enclosing a payment with the form. To know the correct mailing address to paper file Form 941-X, click here.
Please be informed that as you download Form 941-X and send it to the IRS via mail, the status for Form 941-X will remain as "Ready to Download" in the Taxbandits window. There will be no updates indicating whether it has been accepted or rejected.
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