Correcting Employment Taxes

New processes have been established in 2009 to correct employment tax errors. Employers should now use the new corresponding "X" forms to correct employment tax errors as soon as they are discovered. For example, use the new Form 941-X, Adjusted Employer’s Quarterly Federal Tax Return or Claim for Refund, to correct errors on a previously filed Form 941. Employers correcting an overpayment must use the corresponding "X" form and can choose to either make an adjustment or claim a refund on the form. For underpayments, amounts owed must be paid by the receipt of the return and can be made using EFTPS, by sending a check, or by credit card.

John R. Dundon, EA - www.1040.com/jd - Taxpayer Advocate - Enrolled with the United States Department of Treasury to Practice before the IRS - Under contract with the United States Department of Treasury as a Certified ITIN Acceptance Agent - Direct phone # 720-234-1177