How do I correct an error on my quarterly Form 941 payroll tax return?
Errors discovered after December 31, 2008 must be reported on the new Form 941-X, Adjusted Employer’s Quarterly Federal Tax Return. The form should be submitted as soon as the error is discovered. Before 2009, it was necessary to submit corrections with the Form 941 filed in the next quarter after the error was discovered. This resulted in a wait of up to three months to process the correction. Federal deposit rules are the same as used in 2008. You should aready have been notified by the IRS which deposit schedule you must follow. Remember, the IRS holds you responsible for determining the correct deposit schedule. Please contact us if you have any questions.
