What is Form 941-X?

We explain what Form 941-X and how OnCentive processes it for your company.


The Employee Retention Credit (ERC) is a valuable financial relief program initiated by the U.S. government to support businesses impacted by the COVID-19 pandemic. The aim of the ERC was to encourage employers to retain their staff during the pandemic. Businesses can claim the ERC by filing Form 941-X, the Adjusted Employer's Quarterly Federal Tax Return or Claim for Refund.


Form 941-X, or Adjusted Employer's Quarterly Federal Tax Return or Claim for Refund, is a tax form used by employers in the United States to correct errors on a previously filed Form 941, Employer's Quarterly Federal Tax Return. Form 941 is submitted quarterly by employers to report wages paid, tips received, federal income tax withheld, and both the employer and employee portions of Social Security and Medicare taxes.


Employers use Form 941-X to make adjustments to their originally reported figures in cases where they discover discrepancies or need to claim a refund or credit. This form allows employers to rectify errors related to wages, employment taxes, tax credits, and other relevant information that was initially reported on Form 941. In addition to correcting errors, Form 941-X can also be used to claim tax credits like the Employee Retention Credit, which was introduced to support businesses affected by the COVID-19 pandemic.

How does OnCentive fill out Form 941-X for your company?


To fill out Form 941-X, we follow these steps:

  1. Enter the correct information in Part 1: Identifying Information. This includes the employer's name, address, and Employer Identification Number (EIN).
  2. Indicate which quarter the correction is being made for in Part 2: Reason for Correction. Provide a brief explanation of the error(s) in the space provided.
  3. Complete Part 3: Correct Information. This section should only include the corrected information for the quarter in question.
  4. Provide the total amount of taxes overpaid in Part 4: Explanation of Changes.
  5. Sign and date the form in Part 5: Declaration. The employer or authorized agent should sign and date the form.
  6. Submit the completed Form 941-X to the appropriate address listed in the instructions.



Fast Funding

Through our trusted funding partner, you can receive your ERC in weeks versus waiting months on the IRS. 

Pay When You Get Paid

OnCentive works on success-based fees which means you pay only once you receive your credits. 

Full Service Processing

With our platform, you’ll save time when you most need it, while serving your customers. 

1000+

ERC CLIENTS

$1 Billion+

IN ERC CREDIT

$0

RETURNED TO THE IRS

Start Your ERC Refund in 30 Minutes.

Free Eligibility Assessment

Watch your profits and efficiency soar. You’ll expand faster than you ever thought possible. 

Impact Questionnaire & Document Collection

Our support team is here to ensure everything runs smoothly, so you can focus elsewhere.

File 941x & Receive Quick ERC Funding

With quick and accurate responses to all your queries, you’ll save time and be more efficient. 

ERC Facts & Figures

  • Can ERC help my immediate cashflow issues?

    OnCentive's trusted funding partner can fund your ERC so you can receive your refundable cash fund almost immediately instead of waiting months to receive it from the IRS.


  • I took PPP loans. Can I still qualify for ERC?

    PPP recipients may also qualify to receive ERC.


    When the CARES Act was first enacted, employers had to decide between taking the PPP or ERC. After the Consolidated Appropriations Acts was signed into law in December 2020, employers had the opportunity to take advantage of both PPP and ERC. Whether you have taken first and/or second rounds of PPP, your business may still qualify for ERC. In fact, many of OnCentive’s clients have done so. However, you cannot count wages paid by PPP towards ERC wage calculations. That is why it is important to work with an expert like OnCentive to back-out and calculate qualified wages correctly to keep you and your business in compliance.


  • Am I ineligible for ERC if I was not shut down by government order?

    Just because your business’ headquarters didn't close its doors due to a local order, doesn't mean it escaped the impact of national mandates.


    Oftentimes, businesses felt the impact of the pandemic through the effect mandates had on their supply chain. OnCentive will work with your business to pinpoint how supply shortages, and how shipping ports impacted your ability to operate. Their team of qualification experts will accurately document how supply chain issues impacted your business and calculate qualified wages based on those disruptions.

  • Can I qualify for ERC if my business remained profitable during the pandemic?

    You can qualify for ERC without a decline in gross receipts. 


    Qualifying a business based on business interruptions like shutdown orders, supply chain issues, and business suspensions are where your business needs the expertise OnCentive’s ERC experts. Their team conducts a full investigation into the impact the pandemic had on your business operations due to federal, state, or local government orders.

  • My business was deemed essential. Can I still qualify?

    Essential businesses can still qualify for the ERC. Even if you didn't experience a decline in gross receipts, but were impacted by government mandates or supply chain issues, you may still qualify.

  • Can my nonprofit qualify?

    Nonprofits, including churches and schools, may qualify for the ERC. As along as your nonprofit experienced a decline in gross receipts OR impacts from a government mandate, your nonprofit may be eligible.

  • Do I have to pay back my ERC funds?

    You do not have to pay back ERC. Unlike PPP loans, you do not have to allocate funds to certain expenses and can use the funds as the business's discretion.

Filing your ERC Claim with OnCentive just got even easier!

OnCentive's newly-launched ERC Connect platform offers clients increased visibility, flexibility and convenience.


With ERC Connect you can:

  • Upload payroll & needed documentation within the dashboard.
  • Complete the Impact Questionnaire in multiple sessions. All your answers are saved.
  • Respond to requests from our operations team (no more getting lost in your inbox!)
  • Easily add contributors from your company to help you fill out the Impact Questionnaire or upload documentation
  • Track the progress of your business' eligibility through our process


Get Started

Schedule a call with an OnCentive Expert

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Despite its meaningful impact, only 1% of qualified employers have filed

for ERTC in 2020 and only 3% in 2021.

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