You’re required to file a separate Form 941 for each quarter (first quarter – January through March, second quarter – April through June, third quarter – July through September, fourth quarter – October through December). Form 941 is generally due by the last day of the month following the end of the quarter.

What is Form 941 used for and when must it be filed?

More In Forms and Instructions Employers use Form 941 to: Report income taxes, Social Security tax, or Medicare tax withheld from employee’s paychecks. Pay the employer’s portion of Social Security or Medicare tax.

When do you get your tax credit on Form 941?

The IRS will apply your credit on the first day of the Form 941 or Form 944 period during which you filed Form 941-X. However, the credit you show on Form 941-X, line 21, may not be fully available on your Form 941 or Form 944 if the IRS corrects it during processing or you owe other taxes, penalties, or interest.

When does the period of limitations for Form 941 expire?

You must check the box on line 2 if you have a credit and the period of limitations on credit or refund for Form 941 will expire within 90 days of the date you file Form 941-X. See Is There a Deadline for Filing Form 941-X, earlier. The IRS usually processes claims shortly after they are filed.

When to correct overreported taxes on form 941-x?

Generally, you may correct overreported taxes on a previously filed Form 941 if you file Form 941-X within 3 years of the date Form 941 was filed or 2 years from the date you paid the tax reported on Form 941, whichever is later.

Where can I find the form 941-x instructions?

Section references are to the Internal Revenue Code unless otherwise noted. For the latest information about developments related to Form 941-X and its instructions, such as legislation enacted after they were published, go to .