Will the IRS impose penalty or interest while filing Form 941-X?
4.3k views | Last modified 5/27/2020 11:12:25 AM EST

Applicable To
94X 1099 W-2 ACA W-4

The IRS won't impose penalty or interest for the underreported tax if you,

  • File the form (941-X) on time
  • Pay the amount on line 21 when you file Form 941-X.
  • Enter the date you discovered the error
  • Explain the corrections in detail

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