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Version: 1.7.3

Corrections (941-X)

If you need to make changes to the 941 forms you've previously submitted and accepted by the IRS, you can use Form 941-X.

Until 2023, Form 941-X can only be filed on paper. However, starting in 2024, you can e-file 941-X. TaxBandits currently supports Form 941-X only for original Forms 941 filed for the 2024 tax year.

Key Points :​

  • TaxBandits API supports 941 corrections even if you have filed your original return elsewhere or by other means (paper filing).
  • You can file a correction only if the IRS has Accepted the original form.
  • You can file a correction for an already corrected return.

Criteria for filing Form 941-X​

Form 941-X can be filed to correct both underreported and overreported taxes:

  • Under-reported taxes occur when an employer reports and pays less than the actual tax liability on Form 941, requiring additional payment to the IRS.
  • Over-reported taxes happen when an employer reports and pays more than the actual tax liability, allowing for a refund or credit through Form 941-X.

Information that can be corrected​

You can use Form 941-X to correct the following information.

  • Wages, tips, and other compensation
  • Federal income tax withheld from wages, tips, and other compensation
  • Taxable Social Security wages
  • Taxable Social Security tips
  • Taxable Medicare wages and tips
  • Taxable wages and tips that are subject to Additional Medicare Tax withholding
  • Qualified small business payroll tax credit for increasing research activities (Form 8974)
  • Deferred amount of the employer's share of Social Security tax
  • Deferred amount of the employee share of Social Security tax
  • Qualified small business payroll tax Credit for Increasing Research Activities

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