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Common errors to avoid when claiming employer tax credits

Categories Tax Tips (Fed)

Employers who are filing Form 941, Employer’s Quarterly Federal Tax Return and claiming an employer tax credit should read the instructions carefully and take their time when completing the form to avoid mistakes.

This IRS Tax Tip covers:

  • Using a reputable tax preparer including certified public accountants, enrolled agents or other knowledgeable tax professionals
  • Mistakes can result in a processing delay or a balance due notice, which could mean a delay or require filing an amended return
  • Common mistakes to avoid when completing Form 941
    • Reporting advances requested instead of the advance payments of credits received
    • Incorrectly reconciling the advance payment of the credit requested and received
  • Requirements when using third-party payers or reporting agents
  • What third-party payers and reporting agents should also ask employers

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