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FED 941 overpayment for current quarter

mandyli100 — Sat, 01 Jun 2019 01:44:40 GMT

I am ready to file 941 for the 4th quarter of 2016, and realized I made overpayment on the October and November, can I ask for a refund? and Do I need to file 941X? I haven't file 941 for Q4 2016 yet.

That's actually a good thing. I ALWAYS overpay my quarter...

Carl — Sat, 01 Jun 2019 01:44:41 GMT

That's actually a good thing. I ALWAYS overpay my quarterly taxes. That way, I am one hundred percent guaranteed that I will get a refund when I file my tax return. So nothing to worry about. Your overpayment will be refunded to you when you file your 2016 tax return.

Do I need to file 941X to correct this error?

mandyli100 — Sat, 01 Jun 2019 01:44:43 GMT

Do I need to file 941X to correct this error?

What error? It's not an error. Just an overpayment. You'l...

Carl — Sat, 01 Jun 2019 01:44:45 GMT

What error? It's not an error. Just an overpayment. You'll get it back when you file your 2016 return, which you're probably getting started on now. You asked "can I ask for a refund", and the answer is yes. You will get that refund when you file your 2016 tax return, AUTOMATICALLY. No special action required on your part.

I am a monthly depositor, since I am overpaid on Oct and...

mandyli100 — Sat, 01 Jun 2019 01:44:46 GMT

I am a monthly depositor, since I am overpaid on Oct and Nov, do I still need to make payment for Dec online? My Dec balance is 0, but the online system won't allow to put into 0 as payment.

So make a $1 payment then.

Carl — Sat, 01 Jun 2019 01:44:48 GMT

So make a $1 payment then.

Re: FED 941 overpayment for current quarter

ssanders4 — Thu, 23 Mar 2023 21:32:58 GMT

I received a check back from my overpayment. What process do I follow?

Re: FED 941 overpayment for current quarter

HopeS — Fri, 24 Mar 2023 13:28:34 GMT

It appears you made a mistake with your computation which could be the reason you were issued a refund.

Go ahead and deposit the check. Typically, you should receive a notice explaining the reason.

You will need to amend your 941 and correct the Forms W-2 /W-3 respectively to match the IRS record.

See additional information in the IRS link below:

Correcting Employment Taxes

@ssanders4