Instructions For Form 943-X (Page 5 of 13) in pdf

•

Complete all three pages and sign Form 943-X on

credit, you file Form 943-X on January 2, 2013, and take

page 3.

the credit on your 2013 Form 943.

•

Staple multiple sheets in the upper-left corner.

What About Penalties and Interest?

Specific Instructions:

Generally, your correction of an underreported amount

will not be subject to a failure-to-pay penalty,

Part 1: Select ONLY One Process

failure-to-deposit penalty, or interest if you:

•

File on time (by the due date of Form 943 for the year

Because Form 943-X may be used to file either an

in which you discover the error),

•

adjusted employment tax return or a claim for refund or

Pay the amount shown on line 18 when you file Form

abatement, you must check one box on either line 1 or

943-X,

•

line 2. Do not check both boxes.

Enter the date you discovered the error, and

•

Explain in detail the grounds and facts relied on to

1. Adjusted Employment Tax Return

support the correction.

Check the box on line 1 if you are correcting

No correction will be eligible for interest-free treatment

underreported amounts or overreported amounts and you

if any of the following apply.

would like to use the adjustment process to correct the

•

The amounts underreported relate to an issue that was

errors.

raised in an examination of a prior period.

•

If you are correcting both underreported amounts and

You knowingly underreported your employment tax

overreported amounts on this form, you must check this

liability.

•

box. If you check this box, any negative amount shown

You received a notice and demand for payment.

•

on line 18 will be applied as a credit (tax deposit) to your

You received a Notice of Determination of Worker

Form 943 for the year in which you are filing this form.

Classification.

See Example—You want your overreported tax applied

Overview of the Process

as a credit to Form 943 above.

If you owe tax. Pay the amount shown on line 18 when

The process to correct a previously filed Form 943 or to

you file Form 943-X. Generally, you will not be charged

file a claim is outlined below.

interest if you file on time, pay on time, enter the date you

discovered the error, and explain the correction on

If you underreported the tax. If you underreported

line 21.

the tax on a previously filed Form 943, check the box on

line 1 and pay any additional amount you owe when you

If you have a credit. You overreported employment

file Form 943-X. For details on how to make a payment,

taxes (you have a negative amount on line 18) and want

see the instructions for line 18, later.

the IRS to apply the credit to Form 943 for the period

during which you filed Form 943-X. The IRS will apply

Example —You underreported employment taxes.

your credit on the first day of the Form 943 year during

On June 20, 2012, you discover an error that results in

which you filed Form 943-X. However, the credit you

additional tax on your 2011 Form 943. File Form 943-X

show on line 18 of Form 943-X may not be fully available

by January 31, 2013, and pay the amount you owe when

on your Form 943 if the IRS corrects it during processing

you file. See When Should You File Form 943-X, earlier.

or you owe other taxes, penalties, or interest. The IRS

Do not attach Form 943-X to your 2012 Form 943.

will notify you if your claimed credit changes or if the

If you overreported the tax. If you overreported the

amount available as a credit on Form 943 was reduced

tax on a previously filed Form 943, you may choose one

because of unpaid taxes, penalties, or interest.

of the following options.

•

Use the adjustment process. Check the box on line 1

Do not check the box on line 1 if you are

to apply any credit (negative amount) from line 18 to

correcting overreported amounts and the period

Form 943 for the year during which you file Form 943-X.

of limitations on credit or refund for Form 943 will

CAUTION

•

Use the claim process. Check the box on line 2 to file a

expire within 90 days of the date you file Form 943-X.

claim on Form 943-X requesting a refund or abatement of

Instead, check the box on line 2. See Is There a Deadline

the amount shown on line 18.

for Filing Form 943-X, earlier.

To ensure that the IRS has enough time to

2. Claim

process a credit for an overreporting

TIP

Check the box on line 2 to use the claim process if you

adjustment in the year during which you file

are correcting overreported amounts only and you are

Form 943-X, you are encouraged to file Form 943-X

claiming a refund or abatement for the negative amount

correcting the overreported amount in the first 11 months

(credit) shown on line 18. Do not check this box if you are

of a year. For example, if you discover an overreported

correcting ANY underreported amounts on this form.

amount in December, you may want to file Form 943-X

You must check the box on line 2 if you have a credit

during the first 11 months of the next year. This should

and the period of limitations on credit or refund for Form

ensure that the IRS will have enough time to process

943 will expire within 90 days of the date you file Form

Form 943-X so the credit will be posted before you file

943-X. See Is There a Deadline for Filing Form 943-X,

Form 943, thus avoiding an erroneous balance due

earlier.

notice from the IRS. See the example below.

Example —You want your overreported tax applied

The IRS usually processes claims shortly after they

as a credit to Form 943. On December 18, 2012, you

are filed. The IRS will notify you if your claim is denied,

discover you overreported your tax on your 2011 Form

accepted as filed, or selected to be examined. See Pub.

943 and want to make a correction using the adjustment

556, Examination of Returns, Appeal Rights, and Claims

process. To allow the IRS enough time to process the

for Refund, for more information.

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Instructions for Form 943-X

Instructions For Form 943-X Page 5

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