FED 941 overpayment for current quarter

[mandyli100]

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.

[Carl]

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.

[mandyli100]

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

[Carl]

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.

[mandyli100]

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.

[Carl]

So make a $1 payment then.

[ssanders4]

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

[HopeS]

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