@Opus 17
The poster did not over pay FICA taxes since neither employer hit the maximum. But since his company is one of the employers he noticted that on the form 1040 the employee could get a refund of the excess SS withheld however there is no such relief for the employers. Each employer must withhold until each of their employees have hit the max required for the year. An amended 941 is only used if the single employer failed to stop withholding and paying the SS portion by mistake. If that was the case then amending the 941 is correct but this is not the case here. An employee could have 5 employers during the year and hit the limit with each and every employer and each separate employer had to withhold/pay up to the max per the 941 rules. And even though the employee can get back the excess SS withheld there is no such provision for the employers who ususally have no idea they overpaid. Just because this poster is an employee of his own corporation he noticed it and caught onto a little known "gottcha" by congress ... a way they can pad the SSA coffiers that they can use for other things ... I highly doubt they will ever change that even if they have a desire to do so and logistically it would be a nightmare to implement.
