How to Correct Form 941 and Quarterly Returns

If you’re trying to figure how to correct Form 941, know that you’re not alone. Whether you’ve experienced a disruption in your accounting services or whether you’ve confused Form 941 with Schedule H Form 1040 for household employment filings, you may need to learn about how to correct a 941 quarterly return using Form 941-X.

You can get software support from Advanced Micro Solutions (AMS) for Form 941-X with our Forms Filer Plus module. You can also get comprehensive payroll support with AMS Payroll. But first, get the information you need to correct your 941 form filings and mitigate any penalties and hassles you might otherwise face from the IRS.

How to Correct a 941 Quarterly Return

You may get a little more leniency if you’ve made an overpayment, but if the error was an underreported amount, you can still generally avoid penalties so long as you meet these criteria and follow these guidelines. Time is of the essence when correcting a 941 quarterly return. Often, the key to avoiding penalties and additional headaches is correcting the information and making the corresponding payment by the following April 30, July 31, October 31, and January 31 filing deadlines.

If you’re wondering about how to correct Form 941 when the error is overreporting/overpayment, you can choose between getting a refund using the claim process, or you can get a credit toward the next quarter by using the adjustment process. You can actually see these options at the bottom of Form 941-X. If you have detailed questions about special circumstances, these basic guidelines may not be enough. You can consult the IRS instructions for Form 941-X, or contact the IRS directly.

Software Support for Form 941 Corrections

No software can make your company and accounting department immune from mistakes, but it’s also true that software can dramatically cut down on the number of errors as well as the time needed to correct those errors. Better yet, you can get customized support for your 941 filings with AMS. Get basic form support at a great price with our Forms Filer Plus. AMS Payroll, meanwhile, includes the ability to e-file Form 941.

Software Solutions from AMS

Our W-2 and 1099 Forms Filer is our only required platform. From there, users pick the services they need. Choose from the tools below to build out your customized accounting software.