How Should You Report Negative Amounts?
Form 941-X uses negative numbers to show reductions in tax (credits) and positive numbers to show additional tax (amounts you owe).
When reporting a negative amount in columns 3 and 4, use a minus sign instead of parentheses. For example, enter “-12.99” instead of “(12.99).” ExpressEfile handles the conversion of negative signs into parentheses.
When reporting a negative amount in columns 3 and 4, use a minus sign instead of parentheses. For example, enter “-12.99” instead of “(12.99).” ExpressEfile handles the conversion of negative signs into parentheses.
Related Questions
How do you complete Form 941-X with ExpressEfile?
When is Form 941-X Required?
Do I need to report 941 Schedule B errors on Form 941-X?
Where do I send Form 941-X?
Can I file Form 941-X for the previous quarter along with the current quarter's Form 941?
Last modified 22 Sep 2023 21:09 PM EST