Finalized Revised Form 941-X Instructions Issued by IRS

Sept. 14, 2021, 9:49 PM

Finalized instructions for the revised 2021 Form 941-X were issued Sept. 13 by the Internal Revenue Service.

The instructions provide guidance for completing the updated Form 941-X, Adjusted Employer’s Quarterly Federal Tax Return or Claim for Refund, which has not been finalized. The draft Form 941-X, released July 22, contains multiple new and revised lines that correspond to changes to Form 941, Employer’s Quarterly Federal Tax Return.

The revisions are to allow employers to report corrections to amounts related to employment tax credits that were adjusted under the American Rescue Plan Act, the instructions said.

The instructions also ...

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