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
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
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
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
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,
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.
Partnership (including an LLC treated as a
partnership) or unincorporated organization — A