IRS Form 941-X (Amended Payroll Tax Return) - Step-by-Step Example

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  • Опубліковано 1 жов 2024
  • The Form 941-X is filed to correct errors on previously filed Form 941 quarterly payroll tax returns. Form 941-X can be used for either underreported or overreported tax amounts.
    In this example, we have a single shareholder S corporation that needs to amend its payroll return because it overstated the wages for the quarter.
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    DISCLAIMER: The information provided in this video may contain information about tax, financial, and legal topics. Such materials are for informational purposes only and may not reflect the most current developments. These informational materials are not intended and should not be taken as tax, financial, or legal advice. You should contact an advisor to discuss your specific facts and circumstances. Self-help services may not be permitted in all states or jurisdictions. The use of these materials does not create an attorney-client or confidential relationship. This video does not include information about every topic or issue related to these informational materials.
    #Form941 #PayrollTax #TaxReturn

КОМЕНТАРІ • 2

  • @TimWijtenburg
    @TimWijtenburg 4 місяці тому

    I was changing payroll providers in Q1 and my prior payroll provider filed a 941 without reporting the last pay period wages, Fed Tax WH, SS Tax, and Medicare Tax for the of the quarter. I have made all the appropriate deposits, but how do I amend the filing for the under reported amounts while showing that the tax deposits were made and there should be no balance due?
    Thanks!

  • @Team8LA
    @Team8LA 2 місяці тому

    What are the rules to decided which member gets W2 and which ones not? Thanks!