Instructions For Form 943 - 2004 (Page 4 of 5) in pdf

exceeds your total liability for the month, do not enter a

responsible and duly authorized member or officer having

negative amount for the month. Instead, enter “-0-” for

knowledge of its affairs.

•

the month and carry over the unused portion of the

Single member limited liability company (LLC)

adjustment to the next month.

treated as a disregarded entity — The owner of the

limited liability company (LLC).

For example, Pine Tree Farm discovered on February

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Trust or estate —The fiduciary.

6, 2004, that it overreported social security tax on its

2003 Form 943 by $2,500. Its Form 943 taxes for the first

The return may also be signed by a duly authorized

3 months of 2004 were: January —$2,000; February —

agent of the taxpayer if a valid power of attorney has

$2,000; and March — $2,000. Pine Tree Farm should

been filed.

complete line 15 by entering “2,000” on line A, “-0-” on

line B, and “1,500” on line C.

Privacy Act and Paperwork Reduction Act Notice.

The prior period adjustment ($2,500) offsets the

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

$2,000 liability for February and the excess $500 must be

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

used to offset the March liabilities. Since the error was

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

not discovered until February, it does not affect January

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

liabilities reported on line A.

Internal Revenue Code imposes employment taxes on

Additional information. Pub. 51 (Circular A) has

wages, including income tax withholding. These forms

information that you may need about social security,

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

Medicare, federal unemployment (FUTA), withheld

Section 6011 requires you to provide the requested

income taxes, and the advance earned income credit. It

information if the tax applies to you. Section 6109

includes tables showing the income tax to withhold from

requires you to provide your employer identification

an employee’s wages.

number (EIN). If you fail to provide this information in a

timely manner, you may be subject to penalties and

Third-Party Designee. If you want to allow any

interest.

individual, corporation, firm, organization, or partnership

to discuss your 2004 Form 943 with the IRS, check the

You are not required to provide the information

“Yes” box in the Third-Party Designee section of the

requested on a form that is subject to the Paperwork

return. Also, enter the name, phone number, and any five

Reduction Act unless the form displays a valid OMB

numbers that the designee chooses as his or her

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

personal identification number (PIN). The authorization

instructions must be retained as long as their contents

applies only to the tax form upon which it appears.

may become material in the administration of any Internal

Revenue law.

By checking the “Yes” box, you are authorizing the

IRS to call the designee to answer any questions relating

Generally, tax returns and return information are

to the information reported on your tax return. You are

confidential, as required by Code section 6103. However,

also authorizing the designee to:

section 6103 allows or requires the Internal Revenue

•

Exchange information concerning your tax return with

Service to disclose or give the information shown on your

the IRS and

return to others as described in the Code. For example,

•

Request and receive written tax return information

we may disclose your tax information to the Department

relating to your tax return including copies of specific

of Justice for civil and criminal litigation, and to cities,

notices, correspondence, and account transcripts.

states, and the District of Columbia for use in

administering their tax laws. We may also disclose this

You are not authorizing the designee to receive any

information to federal and state agencies to enforce

refund check, bind you to anything (including additional

federal nontax criminal laws and to combat terrorism.

tax liability), or otherwise represent you before the IRS. If

you want to expand the designee’s authorization or

The time needed to complete and file these forms will

desire automatic issuances of copies of notices, see Pub.

vary depending on individual circumstances. The

947, Practice Before the IRS and Power of Attorney.

estimated average time for Form 943 is: Recordkeeping,

10 hr., 31 min.; Learning about the law or the form, 40

The Third-Party Designee authorization is substantially

min.; Preparing the form, 1 hr., 47 min.; Copying,

equivalent to Form 8821, Tax Information Authorization,

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

but automatically expires one year from the due date

The estimated average time for Form 943-A is:

(without regard to extensions) for filing your 2004 Form

Recordkeeping, 8 hr., 22 min.; Preparing and sending the

943. If you or your designee desire to terminate the

form to the IRS, 8 min. The estimated average time for

authorization, a written statement conveying your wish to

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

revoke the authorization should be submitted to the IRS

the accuracy of these time estimates or suggestions for

service center where the return was processed.

making these forms simpler, we would be happy to hear

Who must sign. Form 943 must be signed as follows:

•

from you. You can write to the Internal Revenue Service,

Sole proprietorship —The individual owning the

Tax Products Coordinating Committee,

business.

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SE:W:CAR:MP:T:T:SP, 1111 Constitution Ave. NW,

Corporation (including an LLC treated as a

Washington, DC 20224. Do not send Form 943 to this

corporation)— The president, vice president, or other

address. Instead, see Where to file on page 2.

principal officer.

•

Partnership (including an LLC treated as a

partnership) or unincorporated organization — A

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Instructions For Form 943 - 2004 Page 4

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