IRS Latest Revision of Form 941-X – What’s Changed For 2021


IRS Releases Revised Form 941-X, Instructions 2021

What’s New-: New credits. The instructions now include a table of contents. The revised Form 941-X can now be used to report corrections to these COVID-19-related items reported on Form 941: paid qualified sick and family leave wages, the employee retention credit, and the COBRA premium assistance tax credit.

The instructions provide that employers will be able to use the revised instructions and the July 2021 revision of Form 941-X for all years for which the statute of limitations on corrections has not expired. The IRS advises using the specific instructions for Form 941 for the quarter that is being corrected since the Form 941-X instructions do not repeat all information included in the Form 941 instructions.

Have you made an error on your Form 941 tax return? Don’t worry! You can always use Form 941-X to make corrections to your Form 941.

If your organization is one of the many that made mistakes on the new Form 941, you’re likely missing out on COVID-related tax credits that can make a big impact on your organization’s bottom line.

Luckily, if this applies to you, it’s not too late to fix it. The IRS is introducing a new Form 941-X, designed specifically to help your organization fix errors made on Form 941. It’ll also help organizations account for tax relief related to COVID-19. The new Form 941 released for Q2 2020 to include all the COVID-19 credits was a huge challenge to employers, but deadlines with the IRS remained the same.  Some employers found out after they filed to make the deadline that they did it wrong.  Now employers are asking how do I fix my mistakes.  This webinar will review the new Form 941X and how it should be properly completed. Join this webinar to learn everything you will need to know to complete the new Form 941-X with confidence.


  • Learn about the legal deadlines for completing the Form 941X
  • Line by line thorough review of the new Form 941X
  • Does the 941X always accompany a W-2C and how would you know the difference?
  • How to properly claim underreported or over-reported taxes?
  • An in-depth review of the COVID-19 Credits and how to fix them with the 941X
  • Detailed discussion about the American Rescue Plan Act (ARPA) and how it is causing multiple 941X for employers
  • Retro 941X and what needs to be completed because of the ARP Act

This Presentation will cover:

  • The form 941X basics
  • The deadlines for filling out Form 941X
  • What mistakes in Form 941 you can correct through the 941X and how
  • The taxable wages and tips
  • The COVID-19 updates and how to fix for the credits and when to know what time frame to fix for
  • What is Form 941-X?
  • When is Form 941-X Required?
  • Errors that can be Corrected By Filing Form 941-X
  • Deadline to File Form 941-X
  • Are there any penalties for underreporting taxes?
  • Where to mail Form 941-X?

Who Will Benefit:

  • Payroll Executives/Managers/Administrators/Professionals/Practitioners/Entry Level Personnel
  • Human Resources/ Professionals/ Executives/Managers/Administrators
  • Accounting Personnel
  • Business Owners/Executive Officers/Operations and Departmental Managers
  • Lawmakers
  • Attorneys/Legal Professionals
  • Any individual or entity that must deal with the complexities and requirements of Payroll compliance issues

** Note- On Demand- It is the recorded version of the Live Webinar. You can buy On-Demand and view it multiple times as per your convenience and for future reference. 




Dayna Reum

Dayna is currently the Director of Payroll Operations at Ann & Robert Lurie Children’s Hospital of Chicago. Dayna has been heavily involved in the payroll field over 17 years. Starting as a payroll clerk at a small Tucson company, Dayna moved on to be a Payroll Team Leader at Honeywell Inc. During Dayna’s time at Honeywell she obtained her FPC (Fundamental Payroll Certification) through the American Payroll Association. She also received several merit awards for Customer Service and Acquisitions and Divestitures.

Dayna is no stranger to teaching she has taught at the Metro Phoenix American Payroll Association meetings and at the Arizona State Payroll Conference. Topics including Payroll Basics, Global/Cultural Awareness, Immigration Basics for the Payroll Professional, Multi-State and Local Taxation and Quality Control for Payroll, International and Canadian payroll. Dayna has her CPP (Certified Payroll Professional) through the APA. She also serves on the National American Payroll Association on the National Strategic Leadership Task Force, Government Affairs Task Force (PA Local tax subcommittee). Dayna has received a Citation of Merit for her service along with being a Gold Pin member of the APA. Besides her payroll accomplishments Dayna is certified in HR hiring and firing practices and is a Six-Sigma Greenbelt.

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 This webinar has been approved for 1 HR (General) recertification credit hours toward aPHR™, PHR®, PHRca®,SPHR®, GPHR®, PHRi™ and SPHRi™ recertification through HR Certification Institute® (HRCI®).

   This has been approved for 1.0 PDCs toward SHRM certification hours.

  • Certification of Participation by Eteducator.


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Date :- October 14th, 2021
Time – 01:00-02:00 PM EST
10:00-11:00 AM PST
Duration- 60 minutes
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