Correcting Federal Employment Tax Returns

If you discover an error on a previously-filed employment tax return, correct it ASAP to minimize or avoid penalties or to get credit for overpayments. The IRS explains which form to use to file an amended employment tax return. For example, for Form 941, use Form 941-X to make corrections. For Form 940, use the same form and check the amended return box. #IdeaoftheDay

Don’t miss today’s new blog post!