2005-39. You withheld $400 of federal income tax at the time you paid Jack. This type of error is an administrative error. Claiming the Employee Retention Credit for Past Quarters Using Form 941 Go to IRS.gov/PDS for the current list of PDSs. You also cant file Form 941-X to reduce wages because the wages were income to Jack for the prior year. An employer cant recover any tax paid under this provision from the employees. Postal Service on or before the due date, or sent by an IRS-designated private delivery service (PDS) on or before the due date. To correct the error, figure the difference on Form 941X as shown. You cant use the adjustment process. Enter the corrected amount from column 1 on Worksheet 2, Step 2, line 2b, for qualified health plan expenses allocable to qualified wages paid after March 31, 2020, and before July 1, 2021. Credit for COBRA premium assistance payments is limited to periods of coverage beginning on or after April 1, 2021, through periods of coverage beginning on or before September 30, 2021. Errors discovered in the same calendar year or prior year administrative errors. If youre filing Form 941-X to decrease the amount of social security wages paid on or after March 27, 2020, and before January 1, 2021, so that there is a decrease in the amount of social security tax that is eligible for deferral, then you must use Form 941-X to decrease the amount of the deferred employer share of social security tax originally reported on Form 941, line 13b, if the decrease in wages causes the amount you originally deferred to exceed the amount that is now eligible for deferral. ExampleWages, tips, and other compensation increased. If you're correcting the nonrefundable portion of the employee retention credit for qualified wages paid after June 30, 2021, and before January 1, 2022, that you reported on Form 941, line 11c, enter the total corrected amount from Worksheet 4, Step 2, line 2h, in column 1. If you also need to correct any underreported tax amounts, you must file another Form 941-X reporting only corrections to the underreported amounts.
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