Have a Tax Question? Ask a Tax Expert
Hi and welcome to Just Answer!If your employment tax return for the second quarter need correction - you file form 941X for the second quarter as you suggested. See on the form - http://www.irs.gov/pub/irs-pdf/f941x.pdf - Use a separate Form 941-X for each quarter that needs correction.
Part 1 - check #1 because you you overreported amounts subject of FICA.
Part 2 - check 4(b) - because the adjustments of social security tax and Medicare tax are for the employer’s share only.
I understand that I need to do a separate 941-x for each quarter - that was not my question...I do not see where I am to make the actual "adjustments" on each quarter....I don't need to correct the wages - just the tax portion
You do need to correct wages subject to FICA. That is done in Part 3 - line 8 and line 11.
Okay - that is where my confusion is - I thought they would be considered "exempt wages".... that's why you are the expert!
That is correct - exempt wages are excluded from wages subject to FICA.