Instructions For Form 943-X (Page 5 of 9) in pdf

Employee signature

Example — Social security wages decreased: You

Date

reported $9,000 as social security wages on line 2 of your 2008

Form 943. In December of 2009, you discovered that you

included $2,000 in social security wages for one of your

Do not send these statements to the IRS. Keep them for

employees twice. To correct the error, figure the difference on

your records.

Form 943-X as shown.

In certain situations, you may not have repaid or reimbursed

your employees or obtained their consents prior to filing a claim,

Column 1 (corrected amount)

7,000.00

such as in cases where the period of limitations on credit or

Column 2 (from line 2 of Form 943)

- 9,000.00

refund is about to expire. In those situations, file Form 943-X,

Column 3 (difference)

- 2,000.00

but do not check a box on line 5. Tell us on line 19 that you

Use the difference in column 3 to determine your tax

‘‘have not repaid or reimbursed employees or obtained

correction.

consents.’’ However, you must certify that you have repaid or

reimbursed your employees or obtained consents before the

Column 3 (difference)

-2,000.00

IRS can grant the claim.

Tax rate (12.4%)

x .124

Column 4 (tax correction)

-248.00

5c. Check the box on line 5c to certify that your overreported

tax is only for the employer share of social security and

Be sure to explain the reasons for this correction on line 19.

Medicare tax. Affected employees did not give you consent to

7. Total Wages Subject to Medicare Tax

file a claim for refund for the employee share of social security

and Medicare tax, they could not be found, or would not (or

If you are correcting the taxable Medicare wages you reported

could not) give you a statement described on line 5b.

on line 4 of Form 943, enter the total corrected amount in

column 1. In column 2, enter the amount you originally reported

5d. Check the box on line 5d to certify that your overreported

or as previously corrected. In column 3, enter the difference

amount is only for federal income tax, social security tax, and

between columns 1 and 2.

Medicare tax that you did not withhold from your employees.

line 7 (column 1)

Part 3: Enter the Corrections for This

-line 7 (column 2)

Year

line 7 (column 3)

If the amount in column 2 is larger than the

amount in column 1, use a minus sign in

column 3.

What Amounts Should You Report in Part 3?

Multiply the amount in column 3 by .029 (2.9% tax rate) and

In columns 1 and 2 of lines 6 through 8, show amounts for all of

enter that result in column 4.

your employees, not just for those employees whose amounts

you are correcting.

line 7 (column 3)

x .029

If a correction that you report in column 4 includes both

line 7 (column 4)

If the amount in column 3 used a minus sign,

underreported and overreported amounts (see the instructions

also use a minus sign in column 4.

for line 17), give us details for each error on line 19.

Note. If you are correcting only the employer share of tax on a

Because special circumstances apply for lines 9 through 12

decrease to Medicare wages, use .0145 (1.45%) when

and 14, read the instructions for each line carefully before

multiplying the amount in column 3. If you are correcting both

entering amounts in the columns.

shares of tax for some employees and only the employer share

for other employees, enter the properly calculated amount in

If you previously adjusted or amended Form 943 using

column 4. Be sure to explain your calculations on line 19.

Form 941c, Form 943-X, Form 843, an “amended” Form

Example — Medicare wages decreased: Following

943, by filing a “supplemental” Form 943, or because of

CAUTION

Example — Social security wages decreased in the instructions

an IRS examination change, show amounts in column 2 that

for line 6, the wages that you counted twice were also taxable

include those previously reported corrections.

Medicare wages. To correct the error, figure the difference on

6. Taxable Wages Subject to Social Security

Form 943-X as shown.

Tax:

Column 1 (corrected amount)

7,000.00

If you are correcting the taxable social security wages you

Column 2 (from line 4 of Form 943)

- 9,000.00

reported on line 2 of Form 943, enter the total corrected amount

Column 3 (difference)

- 2,000.00

in column 1. In column 2, enter the amount you originally

Use the difference in column 3 to determine your tax

reported or as previously corrected. In column 3, enter the

correction.

difference between columns 1 and 2.

Column 3 (difference)

-2,000.00

line 6 (column 1)

Tax rate (2.9%)

x .029

-line 6 (column 2)

Column 4 (tax correction)

-58.00

line 6 (column 3)

If the amount in column 2 is larger than the

amount in column 1, use a minus sign in

Be sure to explain the reasons for this correction on line 19.

column 3.

8. Federal Income Tax Withheld

Multiply the amount in column 3 by .124 (12.4% tax rate) and

enter that result in column 4.

If you are correcting the federal income tax withheld from

wages, enter the total corrected amount in column 1. In column

line 6 (column 3)

2, enter the amount you originally reported or as previously

x .124

corrected. In column 3, enter the difference between columns 1

line 6 (column 4)

If the amount in column 3 used a minus sign,

and 2.

also use a minus sign in column 4.

Note. If you are correcting only the employer share of tax on a

line 8 (column 1)

-line 8 (column 2)

decrease to social security wages, use .062 (6.2%) when

line 8 (column 3)

If the amount in column 2 is larger than the

multiplying the amount shown in column 3. If you are correcting

amount in column 1, use a minus sign in

both shares of tax for some employees and only the employer

column 3.

share for other employees, enter the properly calculated

amount in column 4. Be sure to show your calculations on line

Copy the amount in column 3 to column 4. Include any

19.

minus sign shown in column 3.

-5-

Instructions For Form 943-X Page 5

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