A
A taxpayer who files Form 941 discovers an error was made on a previously filed return and they need to correct it. How does the taxpayer correct the error?
SEND IN COMPLETED 941-X
When should a taxpayer file Form 94x-x?
TO ADJUST TAX OR CLAIM TO RECEIVE A REFUND
943-X
Which Blocking Series is used when adjusting an account based on Form 94X-X?
BS 20
Which letter is used to preserve the audit trail for issues regarding Form 94X-X?
4384C
Which is not one of the Forms 94X-X that can be filed?
944-X, 940-X, 941-X, 943-X
940-X
Adjustments on Form 945-X can only be made if they are the result of what type of error?
ADMINISTRATIVE
When is Form 941-X due if an error is discovered on the originally filed 201912 Form 941 on February 15, 2020?
APRIL 30, 2020
What does Box 3 part 2 certify on Form 941-X?
The Taxpayer has filed or will file Forms W-2 or W-2C as required.
Which IRM is used to process a Form 941 requesting a decrease?
21.7.2.4.6.7.4 "Amended" /"Supplemental" Form 94X with or without Form 941c
Within what timeframe must a claim for refund be filed?
3 years from due date
What is the cut off time for an employer to file a tax decrease using the adjustment process?
No less than 90 days before Statute of limitations.
What is the deadline to adjust the FIT on Form 94X-X when the adjustment isn't due to an Admin Error?
On or before December 31st of the year for which the adjustment is requested.
What adjustment is needed when the taxpayer reports a change to wages only?
TC 290 .00 to release the -A freeze
Which process is used to correct over-reported taxes the taxpayer wants applied to the following tax period?
Adjusted Decrease
Form 941-X reporting both over and under-reported amounts must be filed separately under which circumstance?
Within 90 days of the Statute expiration
The taxpayer discovers an error of underreported tax on the originally filed Form 944 on September 2, 2022, for tax year 2021. When is Form 944-X due to correct the error?
January 31, 2023
The taxpayer files an adjustment for an increase of tax on Form 941-X without an ascertained date. What part of the Form 941-X can you look at for a possible ascertained date?
Part 4 (explanation)
Under which section in TXMOD will we find the Return Received Date?
Posted Return Information
What action must be taken on an adjusted decrease filed within 90 days of the expiration of the statute of limitations?
Convert to/Process as a claim, send letter 4384C
Which IRN adjusts Line 11 of the Form 941-X?
IRN 005
What should be provided on all tax decreases for Forms 941-X, 944-X, 945-X?
A detailed explanation.
Which box in part 1 must be checked to process a claim for refund?
Box 2
Which are the only IRNs used to adjust Form 945-X?
IRNs 003 & 008
Which date is used for the interest computation date?
IRS Received Date