Technical topics regarding tax preparation.
23-May-2018 1:42pm
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One completed & filed a 1st Qtr Form 941-SS (for American Samoa,Guam, etc).
Should have used Form 941. Now the choices seem to be:
a) do nothing,
b) Prepare a 941-X (note there was no overreporting or underreporting, everything is correct, just wrong form),
c) File a 941 and a 941-X
Showing on the 941-X a series of overreported original amounts all reduced to zero
d) ???
Thanks!
24-May-2018 5:20am
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Not exactly what you're talking about, Goodday, but in the past I've been able to have an agent adjust the designated quarter on a form 941 via a phone call to the Tax Practitioners Hotline.
Otherwise, I like the do nothing option, then dealing with IRS inquiries when and if they occur.
29-May-2018 2:39pm
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If this dropped in my lap when I was a revenue officer I would tell the taxpayer to do nothing and check the 941 filing requirement to it was for a regular 941 not one of the oddball ones. (941-E, 941-PR or 941-SS)
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