draft-watermark

Form 941-X:

Adjusted Employer’s QUARTERLY Federal Tax Return or Claim for Refund

(Rev. April 2024)

 Department of the Treasury — Internal Revenue Service OMB No. 1545-0029
Employer identification number (EIN)

-

Name (not your trade name)
Trade name (if any)
Address

Read the separate instructions before completing this form. Use this form to correct errors you made on Form 941 or 941-SS. Use a separate Form 941-X for each quarter that needs correction. Type or print within the boxes. You MUST complete all five pages. Don’t attach this form to Form 941 unless you’re reclassifying workers; see the instructions for line 42.
Part 1: Select ONLY one process. See page 6 for additional guidance, including information on how to treat employment tax credits.
uncheckbox 1. Adjusted employment tax return. Check this box if you underreported tax amounts. Also check this box if you overreported tax amounts and you would like to use the adjustment process to correct the errors. You must check this box if you’re correcting both underreported and overreported tax amounts on this form. The amount shown on line 27, if less than zero, may only be applied as a credit to your Form 941 or Form 944 for the tax period in which you’re filing this form.
uncheckbox 2. Claim. Check this box if you overreported tax amounts only and you would like to use the claim process to ask for a refund or abatement of the amount shown on line 27. Don’t check this box if you’re correcting ANY underreported tax amounts on this form.
Return You’re Correcting...
Check the type of return you’re correcting.
uncheckbox 941
uncheckbox 941-SS
Check the ONE quarter you’re correcting.
uncheckbox 1: January, February, March
uncheckbox 2: April, May, June
uncheckbox 3: July, August, September
uncheckbox 4: October, November, December
Enter the calendar year of the quarter you’re correcting.
(YYYY)
Enter the date you discovered errors.
/ /
(MM / DD / YYYY)
Part 2: Complete the certifications.
uncheckbox 3. I certify that I’ve filed or will file Forms W-2, Wage and Tax Statement, or Forms W-2c, Corrected Wage and Tax Statement, as required.
Note: If you’re correcting underreported tax amounts only, go to Part 3 on page 2 and skip lines 4 and 5. If you’re correcting overreported tax amounts, for purposes of the certifications on lines 4 and 5, Medicare tax doesn’t include Additional Medicare Tax. Form 941-X can’t be used to correct overreported amounts of Additional Medicare Tax unless the amounts weren’t withheld from employee wages or an adjustment is being made for the current year.
4. If you checked line 1 because you’re adjusting overreported federal income tax, social security tax, Medicare tax, or Additional Medicare Tax, check all that apply. You must check at least one box.
I certify that:
uncheckbox a. I repaid or reimbursed each affected employee for the overcollected federal income tax or Additional Medicare Tax for the current year and the overcollected social security tax and Medicare tax for current and prior years. For adjustments of employee social security tax and Medicare tax overcollected in prior years, I have a written statement from each affected employee stating that they haven’t claimed (or the claim was rejected) and won’t claim a refund or credit for the overcollection.
uncheckbox b. The adjustments of social security tax and Medicare tax are for the employer’s share only. I couldn’t find the affected employees or each affected employee didn’t give me a written statement that they haven’t claimed (or the claim was rejected) and won’t claim a refund or credit for the overcollection.
uncheckbox c. The adjustment is for federal income tax, social security tax, Medicare tax, or Additional Medicare Tax that I didn’t withhold from employee wages.
5. If you checked line 2 because you’re claiming a refund or abatement of overreported federal income tax, social security tax, Medicare tax, or Additional Medicare Tax, check all that apply. You must check at least one box.
I certify that:
uncheckbox a. I repaid or reimbursed each affected employee for the overcollected social security tax and Medicare tax. For claims of employee social security tax and Medicare tax overcollected in prior years, I have a written statement from each affected employee stating that they haven’t claimed (or the claim was rejected) and won’t claim a refund or credit for the overcollection.
uncheckbox b. I have a written consent from each affected employee stating that I may file this claim for the employee’s share of social security tax and Medicare tax. For refunds of employee social security tax and Medicare tax overcollected in prior years, I also have a written statement from each affected employee stating that they haven’t claimed (or the claim was rejected) and won’t claim a refund or credit for the overcollection.
uncheckbox c. The claim for social security tax and Medicare tax is for the employer’s share only. I couldn’t find the affected employees, or each affected employee didn’t give me a written consent to file a claim for the employee’s share of social security tax and Medicare tax, or each affected employee didn’t give me a written statement that they haven’t claimed (or the claim was rejected) and won’t claim a refund or credit for the overcollection.
uncheckbox d. The claim is for federal income tax, social security tax, Medicare tax, or Additional Medicare Tax that I didn’t withhold from employee wages.
For Paperwork Reduction Act Notice, see separate instructions. www.irs.gov/Form941X Cat. No. 17025J Form 941-X (Rev. 4-2024)

Name (not your trade name)

Employer identification number(EIN)
 Correcting calendar year(YYYY)
Part 3: Enter the corrections for this quarter. If any line doesn’t apply, leave it blank.
Column 1 Column 2 Column 3 Column 4
Total corrected amount (for ALL employees) − Amount originally reported or as previously corrected (for ALL employees) = Difference
(If this amount is a negative number, use a minus sign.)		 Tax correction
6. Wages, tips, and other compensation (Form 941, line 2)
.
−
.
=
.
Use the amount in Column 1 when you prepare your Forms W-2 or Forms W-2c.
7. Federal income tax withheld from wages, tips, and other compensation (Form 941, line 3)
.
−
.
=
.
Copy Column 3 here . . . . . .
.
8. Taxable social security wages
.
−
.
=
.
× 0.124* =
.
(Form 941 or 941-SS, line 5a, Column 1)
* If you’re correcting your employer share only, use 0.062. See instructions.
9. Qualified sick leave wages* (Form 941
.
−
.
=
.
× 0.062 =
.
or 941-SS, line 5a(i), Column 1) * Use line 9 only for qualified sick leave wages paid after March 31, 2020, for leave taken before April 1, 2021.
10. Qualified family leave wages*
.
−
.
=
.
× 0.062 =
.
(Form 941 or 941-SS, line 5a(ii),
Column 1)		 * Use line 10 only for qualified family leave wages paid after March 31, 2020, for leave taken before April 1, 2021.
11. Taxable social security tips
.
−
.
=
.
× 0.124* =
.
(Form 941 or 941-SS, line 5b, Column 1) * If you’re correcting your employer share only, use 0.062. See instructions.
12. Taxable Medicare wages & tips
.
−
.
=
.
× 0.029* =
.
(Form 941 or 941-SS, line 5c, Column 1) * If you’re correcting your employer share only, use 0.0145. See instructions.
13. Taxable wages & tips subject to Additional Medicare Tax withholding
.
−
.
=
.
× 0.009* =
.
(Form 941 or 941-SS, line 5d)
* Certain wages and tips reported in Column 3 shouldn’t be multiplied by 0.009. See instructions.
14. Section 3121(q) Notice and Demand—Tax due on unreported tips (Form 941
or 941-SS, line 5f)
.
−
.
=
.
Copy Column 3 here . . . . . .
.
15. Tax adjustments (Form 941 or 941-SS, lines 7 through 9)
.
−
.
=
.
Copy Column 3 here . . . . . .
.
16. Qualified small business payroll tax credit for increasing research
activities (See instructions; you must attach Form 8974.)
.
−
.
=
.
See instructions
.
17. Nonrefundable portion of credit for qualified sick and family leave wages for leave taken before April 1, 2021 (Form 941 or 941-SS, line 11b)
.
−
.
=
.
See instructions
.
18a. Nonrefundable portion of employee retention credit*
.
−
.
=
.
See instructions
.
(Form 941 or 941-SS, line 11c)
* Use line 18a only for corrections to quarters beginning after March 31, 2020, and before January 1, 2022.
18b. Nonrefundable portion of credit for qualified sick and family leave wages for leave taken after March 31, 2021, and before October 1, 2021 (Form 941 or 941-SS, line 11d)
.
−
.
=
.
See instructions
.
18c. Nonrefundable portion of COBRA premium assistance credit (Form 941
or 941-SS, line 11e)
.
−
.
=
.
See instructions
.
18d. Number of individuals provided COBRA premium assistance
(Form 941 or 941-SS, line 11f)
.
−
.
=
.
19. Special addition to wages for federal income tax
.
−
.
=
.
See instructions
.
20. Special addition to wages for social security taxes
.
−
.
=
.
See instructions
.
21. Special addition to wages for
Medicare taxes
.
−
.
=
.
See instructions
.
Page 2 Form 941-X (Rev. 4-2024)

Name (not your trade name)

Employer identification number(EIN)
 Correcting calendar year(YYYY)
Part 3: Enter the corrections for this quarter. If any line doesn’t apply, leave it blank. (continued)
Column 1 Column 2 Column 3 Column 4
Total corrected amount (for ALL employees) − Amount originally reported or as previously corrected (for ALL employees) = Difference
(If this amount is a negative number, use a minus sign.)		 Tax correction
22. Special addition to wages for Additional Medicare Tax
.
−
.
=
.
See instructions
.
23. Combine the amounts on lines 7 through 22 of Column 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
.
24. Reserved for future use
.
−
.
=
.
See instructions
.
25. Refundable portion of credit for qualified sick and family leave wages for leave taken before April 1, 2021(Form 941 or 941SS, line 13c)
.
−
.
=
.
See instructions
.
26a. Refundable portion of employee retention credit*
.
−
.
=
.
See instructions
.
(Form 941 or 941-SS, line 13d)
* Use line 26a only for corrections to quarters beginning after March 31, 2020, and before January 1, 2022.
26b. Refundable portion of credit for qualified sick and family leave wages for leave taken after March 31, 2021, and before October 1, 2021 (Form 941 or 941-SS, line 13e)
.
−
.
=
.
See instructions
.
26c. Refundable portion of COBRA premium assistance credit (Form 941 or 941-SS, line 13f)
.
−
.
=
.
See instructions
.
27. Total.Combine the amounts on lines 23 through 26c of Column 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
.
If line 27 is less than zero:
• If you checked line 1, this is the amount you want applied as a credit to your Form 941 for the tax period in which you’re filing this form. (If you’re currently filing a    Form 944, Employer’s ANNUAL Federal Tax Return, see the instructions.)
• If you checked line 2, this is the amount you want refunded or abated.
If line 27 is more than zero, this is the amount you owe. Pay this amount by the time you file this return. For information on how to pay, see Amount you owe in the instructions.
28. Qualified health plan expenses allocable to qualified sick leave
wages for leave taken before April 1, 2021 (Form 941 or 941SS, line 19)
.
−
.
=
.
29. Qualified health plan expenses allocable to qualified family leave wages for leave taken before April 1, 2021 (Form 941 or 941-SS, line 20)
.
−
.
=
.
30. Qualified wages for the employee retention credit*
.
−
.
=
.
(Form 941 or 941-SS, line 21)
* Use line 30 only for corrections to quarters beginning after March 31, 2020, and before January 1, 2022.
31a. Qualified health plan expenses for the employee retention credit*
.
−
.
=
.
(Form 941 or 941-SS, line 22)
* Use line 31a only for corrections to quarters beginning after March 31, 2020, and before January 1, 2022.
31b. Check here if you’re eligible for the employee retention credit in the third or fourth quarter of 2021 solely because your business is a recovery startup business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . checked
32. Credit from Form 5884-C, line 11, for this quarter*
.
−
.
=
.
(Form 941 or 941-SS, line 23)
* Use line 32 only for corrections to quarters beginning after March 31, 2020, and before April 1, 2021.
Page 3 Form 941-X (Rev. 4-2024)

Name (not your trade name)

Employer identification number(EIN)
 Correcting calendar year(YYYY)
Part 3: Enter the corrections for this quarter. If any line doesn’t apply, leave it blank. (continued)
Column 1 Column 2 Column 3
Total corrected amount (for ALL employees) − Amount originally reported or as previously corrected (for ALL employees) = Difference
(If this amount is a negative number, use a minus sign.)
33a. Reserved for future use
.
−
.
=
.
33b. Reserved for future use
.
−
.
=
.
34. Reserved for future use
.
−
.
=
.
Caution: Lines 35–40 apply only to quarters beginning after March 31, 2021.
35. Qualified sick leave wages for leave taken after March 31, 2021, and before October 1, 2021 (Form 941 or 941-SS,
line 23)
.
−
.
=
.
36. Qualified health plan expenses
allocable to qualified sick leave wages for leave taken after March 31, 2021,
and before October 1, 2021 (Form 941
or 941-SS, line 24)
.
−
.
=
.
37. Amounts under certain collectively bargained agreements allocable to qualified sick leave wages for leave taken after March 31, 2021, and before October 1, 2021 (Form 941 or 941-SS,
line 25)
.
−
.
=
.
38. Qualified family leave wages for leave taken after March 31, 2021, and before October 1, 2021 (Form 941 or 941-SS,
line 26)
.
−
.
=
.
39. Qualified health plan expenses
allocable to qualified family leave
wages for leave taken after March 31, 2021, and before October 1, 2021
(Form 941 or 941-SS, line 27)
.
−
.
=
.
40. Amounts under certain collectively bargained agreements allocable to qualified family leave wages for
leave taken after March 31, 2021,
and before October 1, 2021
(Form 941 or 941-SS, line 28)
.
−
.
=
.
Page 4 Form 941-X (Rev. 4-2024)

Name (not your trade name)

Employer identification number(EIN)
 Correcting calendar year(YYYY)
Part 4: Enter the corrections for this quarter. If any line doesn’t apply, leave it blank.
uncheckbox 41. Check here if any corrections you entered on a line include both underreported and overreported amounts. Explain both your underreported and overreported amounts on line 43.
uncheckbox 42. Check here if any corrections involve reclassified workers. Explain on line 43.
43. You must give us a detailed explanation of how you determined your corrections. See the instructions.

Part 5:

 Sign here. You MUST complete all three pages of Form 944 and SIGN it.

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
Sign your name here
Date
Print your
name here
Print your
title here
Best daytime phone
Paid Preparer Use Only Check if you’re self-employed checkbox

Form 941-X: Which process should you use?
Type of errors you’re correcting

Unless otherwise specified in the separate instructions, an underreported employment tax credit should be treated like an overreported tax amount. An overreported employment tax credit should be treated like an underreported tax amount. For more information, including which process to select on lines 1 and 2, see Correcting an employment tax credit in the separate instructions.
Underreported tax amounts ONLY

Use the adjustment process to correct underreported tax amounts.
• Check the box on line 1.
• Pay the amount you owe from line 27 by the time you file Form 941-X.
Overreported tax amounts ONLY

The process you use depends on when you file Form 941-X.

If you’re filing Form 941-X MORE THAN 90 days before the period of limitations on credit or refund for Form 941 or Form 941-SS expires...

Choose either the adjustment process or the claim process to correct the overreported tax amounts.
Choose the adjustment process if you want the amount shown on line 27 credited to your Form 941 or Form 944 for the period in which you file Form 941-X. Check the box on line 1.
OR
Choose the claim process if you want the amount shown on line 27 refunded to you or abated. Check the box on line 2.

If you’re filing Form 941-X WITHIN 90 days of the expiration of the period of limitations on credit or refund for Form 941 or Form 941-SS...

You must use the claim process to correct the overreported tax amounts. Check the box on line 2.
BOTH underreported and overreported tax amounts

The process you use depends on when you file Form 941-X.

If you’re filing Form 941-X MORE THAN 90 days before the period of limitations on credit or refund for Form 941 or Form 941-SS expires...

Choose either the adjustment process or both the adjustment process and the claim process when you correct both underreported and overreported tax amounts.
Choose the adjustment process if combining your underreported tax amounts and overreported tax amounts results in a balance due or creates a credit that you want applied to Form 941 or Form 944.
• File one Form 941-X, and
• Check the box on line 1 and follow the instructions on line 27.
OR
Choose both the adjustment process and the claim process if you want the overreported tax amount refunded to you or abated.
File two separate forms.
1. For the adjustment process, file one Form 941-X to correct the underreported tax amounts. Check the box on line 1. Pay the amount you owe from line 27 by the time you file Form 941-X. 2. For the claim process, file a second Form 941-X to correct the overreported tax amounts. Check the box on line 2.

If you’re filing Form 941-X WITHIN 90 days of the expiration of the period of limitations on credit or refund for Form 941 or Form 941-SS...

You must use both the adjustment process and the claim process.
File two separate forms.
1. For the adjustment process, file one Form 941-X to correct the underreported tax amounts. Check the box on line 1. Pay the amount you owe from line 27 by the time you file Form 941-X.
2. For the claim process, file a second Form 941-X to correct the overreported tax amounts. Check the box on line 2.
Page 6 Form 941-X (Rev. 4-2024)