Form 941-X (2020)

What is Form 941-X?

IRS form 941-X download is a tax adjustment form. As an employer, you are responsible for withholding, depositing, reporting, and paying federal income tax, social security tax, and Medicare tax. You are also responsible for unemployment taxes in some states. All of these taxes are reported on Form 941, Employer’s Quarterly Federal Tax Return.

If you discover that you have made a mistake on your Form 941, you can correct it by filing a Form 941-X, Adjusted Employer’s Quarterly Federal Tax Return, or Claim for Refund.

What is Form 941-X used for?

IRS 941-X form can be used to make corrections for:

• Incorrect amounts of taxes withheld from employees

• Incorrectly reported amounts of taxes

• Incorrectly reported employee information

You must file a separate 941-X form 2020 for each quarter you are correcting.

How to fill out Form 941-X?

Here’s a step-by-step guide to filing form 941-Х IRS:

1. Enter the name and EIN of the employer and the quarter for which the 941-X form is being filed.

2. Enter the total amount of employment taxes reported on the original Form 941. This includes Social Security and Medicare taxes, as well as federal income tax withholding.

3. Enter the total amount of employment taxes you are correcting. If you are correcting an underpayment, enter the amount you should have paid. If you are correcting an overpayment, enter the amount you overpaid.

4. Enter the amount of any refund or additional tax that you are claiming.

5. If you are correcting an error on your original return, check the box that applies to the type of error you are correcting.

6. Sign and date the 941-X form.

7. Mail the form to the address listed in the instructions.

How to submit Form 941-X?

You can submit IRS form 941-X electronically or by mail. To file electronically, you must have software that generates a file in the proper format. 

Who should sign Form 941-X?

The employer should sign IRS form 941-X 2020.