Instructions For Form 943 - 1999 (Page 3 of 4) in pdf

Line 6. Enter income tax withheld on wages paid to

(discussed in section 7 of Circular A). If line 11 is $1,000

employees. You must withhold income tax from

or more and you have deposited all taxes when due, the

employees from whom you withhold social security and

amount shown on line 13 (balance due) should be zero.

Medicare taxes. See sections 5 and 14 of Circular A for

Line 14. If you deposited more than the correct amount

more information on withholding rules.

for the year, you can have the overpayment refunded or

Line 8. Use line 8 to:

applied to your next return.

Adjust for rounding of fractions of cents,

Note: If line 14 is under $1, we will send you a refund

or apply it to your next return only on written request.

Correct errors in social security and Medicare taxes

reported on a prior year return, and

Deposit requirements. In general, you must deposit

Correct administrative errors in reporting income tax

employer and employee social security and Medicare

withholding on a prior year return.

taxes, and withheld income tax of $1,000 or more

electronically or with an authorized financial institution or

Fractions of cents. If there is a difference between the

a Federal Reserve Bank. See section 7 of

total tax on line 3 or line 5 and the total deducted from

Circular A for more information.

your employees' wages because of fractions of cents

added or dropped in collecting the tax, report the

Additional information. Circular A has information you

difference on line 8. If this difference is the only entry,

may need about social security, Medicare, Federal

write “Fractions only” in the margin.

unemployment (FUTA), withheld income taxes, and the

advance earned income credit. It includes tables showing

Prior year adjustments. Prior year adjustments include

the income tax to withhold from an employee's wages.

errors in social security and Medicare taxes reported on

earlier returns. If you report both an underpayment and

an overpayment, show only the difference. Because any

Privacy Act and Paperwork Reduction Act Notice.

amount shown on line 8 increases or decreases your tax

We ask for the information on Forms 943, 943-A and

liability, the adjustment must be included on your record

943–V to carry out the Internal Revenue laws of the

of Federal tax liability on Form 943 (line 15) or 943-A,

United States. We need it to figure and collect the right

Agricultural Employer's Record of Federal Tax Liability.

amount of tax. Subtitle C, Employment Taxes, of the

Include the adjustment in the report entry area that

Internal Revenue Code imposes employment taxes on

corresponds with the date on which the error was found.

wages, including income tax withholding. These forms are

Explain any prior year adjustments you report on line 8

used to report the amount of taxes that you owe. Section

on Form 941c, Supporting Statement To Correct

6011 requires you to provide the requested information if

Information, or attach a statement that shows the same

the tax applies to you. Section 6109 requires you to

information. Enter on Form 941c or include in the

provide your employer identification number (EIN).

statement the total wages for all your employees as

Routine uses of this information include giving it to the

previously reported and as corrected.

Department of Justice for civil and criminal litigation, and

If you are adjusting an employee's social security or

to cities, states, and the District of Columbia for use in

Medicare wages for a prior year, you must also file Form

administering their tax laws. If you fail to provide this

W-2c, Corrected Wage and Tax Statement, and Form

information in a timely manner, you may be subject to

W-3c, Transmittal of Corrected Wage and Tax

penalties and interest.

Statements, with the Social Security Administration. You

You are not required to provide the information

can get these from the IRS.

requested on a form that is subject to the Paperwork

Income tax adjustments. Generally, you cannot adjust

Reduction Act unless the form displays a valid OMB

amounts reported as income tax withheld in a prior

control number. Books or records relating to a form or its

calendar year unless it is to correct an administrative

instructions must be retained as long as their contents

error. An administrative error occurs if the amount you

may become material in the administration of any Internal

entered on the return is not the amount you actually

Revenue law. Generally, tax returns and return

withheld. See section 9 of Circular A.

information are confidential, as required by Code section

Line 9. Add line 7 to line 8 if you are adjusting to report

6103.

additional taxes. Subtract line 8 from line 7 if the

The time needed to complete and file these forms will

adjustment reduces taxes.

vary depending on individual circumstances. The

Line 10. Employees who are eligible can receive advance

estimated average time for Form 943 is: Recordkeeping

EIC payments with their wages by giving you Form W-5,

9 hr., 34 min.; Learning about the law or the form 22

Earned Income Credit Advance Payment Certificate,

min.; Preparing the form 1 hr., 28 min.; Copying,

annually. For more information, see sections 6 and 15 of

assembling, and sending the form to the IRS 16 min.

Circular A.

The estimated average time for Form 943-A is:

Line 12. Show the total amount deposited for the year,

Recordkeeping 8 hr., 22 min.; Learning about the law

including any overpayment from 1998, as shown in your

or the form 6 min.; Preparing and sending the form to

records.

the IRS 14 min. The estimated average time for Form

Line 13. You should have a balance due only if your total

943-V is 20 min. If you have comments concerning the

tax liability for the year (line 11) is less than $1,000.

accuracy of these time estimates or suggestions for

making this form simpler, we would be happy to hear from

Note: Please write your EIN, “Form 943”, and “1999” on

you. You can write to the Tax Forms Committee, Western

your check or money order. Make your check or money

order payable to “United States Treasury”. You do not

Area Distribution Center, Rancho Cordova, CA

95743-0001. DO NOT send the tax form to this address.

have to pay if line 13 is under $1.

Instead, see Where to file on page 1.

Exception. The balance due may be $1,000 or more

if you are a monthly schedule depositor and are making

payments under the Accuracy of Deposits Rule

Page 3

Instructions For Form 943 - 1999 Page 3

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