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Form 941-X is an amended version of Form 941, which is the Employer's Quarterly Federal Tax Return. Form 941 is used by employers to report wages paid and taxes withheld from their employees to the Internal Revenue Service (IRS) on a quarterly basis. Form 941-X is used to correct any errors or make changes to previously filed Form 941. It allows employers to correct information such as wages, taxes, and other deductions that were incorrectly reported or originally omitted. The form is typically used when an employer discovers a mistake on their original Form 941 and needs to correct it.

Form 941-X should be filed by employers who need to correct errors on previously filed Form 941, Employer's Quarterly Federal Tax Return. This form is used to correct any incorrect information such as wages, taxes, or adjustments that were originally reported on Form 941.

To fill out the MO 941X form, follow these steps: 1. Begin by providing your business information at the top of the form, including your business name, address, and employer identification number (EIN). 2. Indicate the quarter and year that you are amending by entering the corresponding dates in the "Period Covered by this Return" section. 3. In Part 1 of the form, you will need to complete the "Original Return" section. Fill out the original amounts reported on Form MO 941 for the specific quarter you are amending. This includes total wages, total withholding, and total tax liability as indicated on the original return. 4. In Part 2, you will be required to report the "Changes to Tax Liability and Wages." Provide the corrected figures for wages, withholding, and tax liability for the quarter you are amending. Indicate the differences between the original return and the amended amounts in the appropriate columns. 5. Part 3 of the form is where you explain the reasons for the amendment. Provide a clear and detailed explanation for each change made, including any supporting documentation or reference to additional attached forms if necessary. 6. Next, calculate the total change in tax liability by subtracting the original amounts from the amended amounts and entering the difference in the "Total Change in Tax Liability" section. 7. If you owe additional tax as a result of the amendment, indicate the payment amount in the "Payment with Return" section. Alternatively, if your amendment results in a refund, enter the amount in the "Refund" section. 8. Finally, sign and date the form, and include your title and contact information at the bottom. It is important to review the completed form prior to submission for accuracy and completeness. Consider consulting with a tax professional or the Missouri Department of Revenue for further assistance if needed.

Form 941-X is used to make corrections to previously filed Form 941, which is the Employer's Quarterly Federal Tax Return. The purpose of Form 941-X is to correct any errors or omissions in the original Form 941, such as incorrect information related to wages, tax withholdings, and employment taxes. It is necessary to file Form 941-X to ensure accurate reporting and payment of federal employment taxes.

Form 941-X, Adjusted Employer's Quarterly Federal Tax Return or Claim for Refund, is used to correct errors or make adjustments to previously filed Form 941, Employer's Quarterly Federal Tax Return. When filing Form 941-X, the following information must be reported: 1. Employer information: Provide your employer identification number (EIN), legal name, trade name (if any), address, and contact information. 2. Tax year and quarter: Indicate the tax year and calendar quarter being corrected. 3. Box 1: Report the corrected amount of wages, tips, and other compensation subject to federal income tax withholding. 4. Box 2: Report the corrected amount of federal income tax withheld from employees' wages. 5. Box 3: Report the corrected amount of Social Security wages subject to the 6.2% Social Security tax. 6. Box 4: Report the corrected amount of Social Security tax withheld from employees' wages. 7. Box 5: Report the corrected amount of Medicare wages and tips subject to the 1.45% Medicare tax. 8. Box 6: Report the corrected amount of Medicare tax withheld from employees' wages. 9. Box 7: Report the corrected amount of Social Security tips for the quarter, if any. 10. Box 8: Report the corrected amount of allocated tips for the quarter, if any. 11. Box 9: Report the total number of employees for the quarter. 12. Box 10: If you are correcting your tax liability, report the corrected amount of the total tax due for the quarter. If you are requesting a refund, report the corrected amount of overpaid tax. 13. Box 11: Provide an explanation for the changes being made on the form. 14. Signature and date: Sign and date the form to certify its accuracy. It is important to review the instructions provided with Form 941-X for any additional information or requirements specific to your situation. Additionally, consult with a tax professional or the Internal Revenue Service (IRS) for guidance if needed.

The deadline to file the MO-941X form in 2023 may vary depending on the specific circumstances and requirements. It is recommended to consult the Missouri Department of Revenue or a qualified tax professional to obtain the accurate and up-to-date deadline information for filing MO-941X in 2023.

The penalty for the late filing of Form 941-X, which is used to correct errors on previously filed Form 941, is based on the number of days the return is late. As of 2021, the penalty is as follows: - For returns filed 1-5 days late: $50 per return - For returns filed 6-30 days late: $270 per return - For returns filed more than 30 days late or not filed at all: The penalty increases to the greater of $550 per return or 2% of the balance due It's worth noting that if the late filing was due to reasonable cause and not willful neglect, you may be able to request a penalty waiver from the IRS.

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