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Level 2

Question

FED 941 overpayment for current quarter

Forum|Forum|7 years ago
June 1, 2019
3 replies
32 views

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.

Level 11

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.

mandyli100Author

Level 2

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

Level 2

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

Level 8

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

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