Page 56 - IRS Tools for Small Businesses Guide

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Fileid: … ns/i941x/202204/a/xml/cycle07/source
The type and rule above prints on all proofs including departmental reproduction proofs. MUST be removed before printing.
25. Refundable Portion of Credit for Qualified January 1, 2022, enter the total corrected amount from
Sick and Family Leave Wages for Leave Taken Worksheet 4, Step 2, line 2i, in column 1. In column 2,
After March 31, 2020, and Before April 1, 2021 enter the amount you originally reported or as previously
If you’re correcting the refundable portion of the credit for corrected. In column 3, enter the difference between
columns 1 and 2. For more information about the
qualified sick and family leave wages for leave taken after employee retention credit for qualified wages paid after
March 31, 2020, and before April 1, 2021, that you June 30, 2021, and before January 1, 2022, see Notice
reported on Form 941, line 13c, enter the total corrected 2021-49 and Rev. Proc. 2021-33. See Notice 2021-65 for
amount from Worksheet 1, Step 2, line 2k, in column 1. In modifications to Notice 2021-49.
column 2, enter the amount you originally reported or as
previously corrected. In column 3, enter the difference Copy the amount in column 3 to column 4. However, to
between columns 1 and 2. For more information about the properly show the amount as a credit or balance due item,
credit for qualified sick and family leave wages, go to enter a positive number in column 3 as a negative number
IRS.gov/PLC. in column 4 or a negative number in column 3 as a
Copy the amount in column 3 to column 4. However, to positive number in column 4. For an example of how to
properly show the amount as a credit or balance due item, report amounts in columns 1–4 for an employment tax
enter a positive number in column 3 as a negative number credit, see the instructions for line 17, earlier.
in column 4 or a negative number in column 3 as a
positive number in column 4. For an example of how to Be sure to explain the reasons for this correction on
report amounts in columns 1–4 for an employment tax line 43.
credit, see the instructions for line 17, earlier. Corrections to Form 941, Line 13f (For Quarters

Be sure to explain the reasons for this correction on Beginning After March 31, 2020, and Ending
line 43. Before April 1, 2021) or Line 13h (For Quarters
26a. Refundable Portion of Employee Retention Beginning After March 31, 2021, and Ending
Credit Before January 1, 2022)
Use line 26a only for corrections to quarters beginning Form 941-X doesn't include a line to correct amounts
after March 31, 2020, and before January 1, 2022. reported on Form 941, line 13f (13h), for the total
advances received from filing Form(s) 7200 for the
Instructions for Qualified Wages Paid After March quarter. If a discrepancy exists between the amount
12, 2020, and Before July 1, 2021 reported on Form 941 and the amount of advance
payments issued, the IRS will generally correct the
If you’re correcting the refundable portion of the employee amount reported on Form 941, line 13f (13h), to match the
retention credit that you reported on Form 941, line 13d, amount of advance payments issued. However,
for qualified wages paid after March 12, 2020, and before aggregate filers may need to correct the amount reported
July 1, 2021, enter the total corrected amount from on Form 941, line 13f (13h), to reflect the correct advance
Worksheet 2, Step 2, line 2k, in column 1. In column 2, payments received by their clients or customers. If you’re
enter the amount you originally reported or as previously an aggregate filer that needs to correct the amount
corrected. In column 3, enter the difference between reported on Form 941, line 13f (13h), include any increase
columns 1 and 2. For more information about the or decrease to the amount in the “Total” reported on Form
employee retention credit for qualified wages paid after 941-X, line 27; write “Correction to line 13f” or "Correction
March 12, 2020, and before January 1, 2021, see Notice to line 13h," as applicable, on the dotted line to the left of
2021-20. See Notice 2021-23 for more information about the entry box on line 27; explain your correction on line 43;
the employee retention credit for qualified wages paid and attach Schedule R (Form 941) to Form 941-X to show
after December 31, 2020, and before July 1, 2021. Also corrections for your clients or customers.
see section IV of Notice 2021-49 and Rev. Proc. 2021-33.
26b. Refundable Portion of Credit for Qualified
Copy the amount in column 3 to column 4. However, to Sick and Family Leave Wages for Leave Taken
properly show the amount as a credit or balance due item, After March 31, 2021, and Before October 1,
enter a positive number in column 3 as a negative number 2021
in column 4 or a negative number in column 3 as a
positive number in column 4. For an example of how to If you’re correcting the refundable portion of the credit for
report amounts in columns 1–4 for an employment tax qualified sick and family leave wages for leave taken after
credit, see the instructions for line 17, earlier. March 31, 2021, and before October 1, 2021, that you
reported on Form 941, line 13e, enter the total corrected
Be sure to explain the reasons for this correction on amount from Worksheet 3, Step 2, line 2s, in column 1. In
line 43. column 2, enter the amount you originally reported or as
previously corrected. In column 3, enter the difference
Instructions for Qualified Wages Paid After June between columns 1 and 2. For more information about the
30, 2021, and Before January 1, 2022 credit for qualified sick and family leave wages, go to
IRS.gov/PLC.
If you're correcting the refundable portion of the employee
retention credit that you reported on Form 941, line 13d, Copy the amount in column 3 to column 4. However, to
for qualified wages paid after June 30, 2021, and before properly show the amount as a credit or balance due item,

Instructions for Form 941-X (Rev. 4-2022) -21-