Table of Contents
For the latest information about developments related to Form 941-X and its instructions, such as legislation enacted after they were published, go to www.irs.gov/form941x.
Social security tax rate for 2012.
The employee social security tax rate is 4.2% and the employer social security tax rate is 6.2% (10.4% total). Be
sure to use the correct rate when correcting amounts reported on lines 8 and 9.
Section 3121(q) Notice and Demand—Tax due on unreported tips.
An employer enters the amount of social security and Medicare taxes on unreported tips shown on the Section 3121(q)
Notice and Demand on line 5e of the employer's Form 941 for the calendar quarter corresponding to the “Date of Notice and Demand.” Any errors discovered on previously filed Forms 941 for these taxes are corrected on Form 941-X, line 11. In addition, any
errors relating to Section 3121(q) Notice and Demand amounts reported on Form 941, line 7c (for quarters ending before January
1, 2011) should be corrected on Form 941-X, line 11.
Qualified employer's social security tax exemption expired.
The qualified employer's exemption for their share (6.2%) of social security tax on wages/tips paid to qualified employees
expired on December 31, 2010. Any errors discovered on previously filed Forms 941 (for quarters ending after March 31, 2010,
and before January 1, 2011) for this exemption are corrected on Form 941-X, lines 12a–12c.
Advance payment of earned income credit (EIC).
The option of receiving advance payroll payments of EIC expired on December 31, 2010. Any errors discovered on a previously
filed Form 941 for this credit are corrected on Form 941-X, line 18.
Adjusting COBRA premium assistance payments.
Employers who make COBRA premium assistance payments for assistance eligible individuals are allowed a credit for
the payments on Form 941. Any errors discovered on previously filed Forms 941 for this credit are corrected on Form 941-X.
See COBRA Premium Assistance Payments, later.
Adjusting an aggregate Form 941.
Agents must complete Schedule R (Form 941), Allocation Schedule for Aggregate Form 941 Filers, when adjusting an aggregate
Form 941. Schedule R (Form 941) is completed only for those clients who have adjustments reported on Form 941-X. Schedule
R (Form 941) is filed as an attachment to Form 941-X. Aggregate Forms 941 are filed by agents approved by the IRS under section
3504. To request approval to act as an agent for an employer, the agent files Form 2678, Employer/Payer Appointment of Agent,
with the IRS.
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