Under what scenario should I select the adjustment tax return and claim process?
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Last modified 10/22/2020 10:24:37 AM EST |
Added by ExpressEfile Team
Applicable To
Form 941
Form 1099 / W-2
Form 2290
You can pick the Adjustment process when you correct underreported amounts or overreported amounts.
If you owe tax:
Pay the amount due by the time you file Form 941-X.
If you have a credit:
You overreported employment taxes and want the IRS to apply the credit to Form 941 or Form 944 for the period during which you filed Form 941-X.
The claim process can be used when you’re correcting overreported amounts only and claiming a refund or abatement for the credit.