IRS Issues Revised Draft Instructions for Forms 941-X, 943-X(PR)

Draft instructions for two forms that are used to adjust employer’s federal tax returns were revised and released May 3 by the Internal Revenue Service.

Form 941-X Draft Instructions

The draft instructions for Form 941-X, Adjusted Employer’s Quarterly Federal Tax Return or Claim for Refund, are to be used with the further-revised Form 941-X. The instructions were revised to accommodate changes to the 2021 Form 941, Employer’s Quarterly Federal Tax Return, that were related to coronavirus relief under the Taxpayer Certainty and Disaster Tax Relief Act of 2020 and the COVID-related Tax Relief Act of 2020, which ...