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IRS Issues Revised Form 941 and Schedules, Form 941-X

BY: Jyme Mariani, Esq. | 06/23/22

The IRS released: a revised Form 941, Employer’s Quarterly Federal Tax Return, and its instructions; instructions for Schedule B, Report of Tax Liability for Semiweekly Schedule Depositors; Schedule R, Allocation Schedule for Aggregate Form 941 Filers, and its instructions; and Form 941-X, Adjusted Employer’s Quarterly Federal Tax Return or Claim for Refund, and its instructions.

All of the forms and instructions were updated to reflect the expiration of COVID-19-related relief.

Changes to Form 941, Instructions

The updated Form 941 and its instructions have a revision date of June 2022 and can be used for the second, third, and fourth quarters of 2022. Form 941 was last updated in March for use in the first quarter of 2022 only.

The instructions now include only two worksheets. Worksheet 3, COBRA Premium Assistance Credit, is no longer included.

Changes to Form 941-X

The IRS also updated Form 941-X to match changes made to Form 941. The Form 941-X instructions have a revision date of April 2022 and should be used with the April 2022 revision of Form 941-X for all years for which the statute of limitations on corrections has not expired.

To learn more about federal and state laws, regulations, and information to keep your company's payroll operations in compliance, check out Payroll Source Plus!


Jyme Mariani, Esq., is Managing Editor of Payroll Currently and Senior Manager of Payroll Information Resources for the APA.