Will the IRS impose penalty or interest while filing Form 941-X?
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Last modified 10/6/2023 1:40:01 AM EST |
Added by TaxBandits Team
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