Drafts of the form and instructions for correcting quarterly federal employment tax returns were released April 30 by the Internal Revenue Service after the periods of limitations for corrections involving Covid-19 programs began to expire.
Four lines on the draft Form 941-X, Adjusted Employer’s Quarterly Federal Tax Return or Claim for Refund, were marked “reserved for future use,” the IRS said in the draft instructions. The draft has a revision date of April 2024.
The four lines were 24, 33a, 33b, and 34, which were used for corrections related to Social Security tax deferrals, qualified wages for the ...
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