FED 941 overpayment for current quarter
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New Member

FED 941 overpayment for current quarter

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.

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Level 15

FED 941 overpayment for current quarter

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.

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New Member

FED 941 overpayment for current quarter

Do I need to file 941X to correct this error?
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Level 15

FED 941 overpayment for current quarter

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.
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New Member

FED 941 overpayment for current quarter

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.
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Level 15

FED 941 overpayment for current quarter

So make a $1 payment then.
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