Instructions For Form 943 - 2017 (Page 7 of 9) in pdf

group-term life insurance premiums paid for former

If you pay by EFT, credit card, or debit card, file your

employees. See section 9 in Pub. 51.

return using the Without a payment address under

Where

File, earlier. Don't file Form 943-V, Payment Voucher.

Use a minus sign (if possible) to show a decrease to

the amounts reported on line 3, 5, or 7. Otherwise, use

If you pay by check or money order, make it payable to

parentheses.

“United States Treasury.” Enter your EIN, “Form 943,” and

the tax period on your check or money order. Complete

Adjustment for fractions of cents. If there is a small

Form 943-V and enclose it with Form 943.

difference between total taxes after adjustments and

credits (line 13) and total deposits (line 14), it may be

If you didn't make deposits as required and

caused by rounding to the nearest cent each time you

instead pay the taxes with Form 943, you may be

figured payroll. This rounding occurs when you figure the

subject to a penalty.

CAUTION

amount of social security and Medicare taxes to be

withheld from each employee's wages. If the fractions of

What if you can't pay in full? If you can't pay the full

cents adjustment is the only entry on line 10, write

amount of tax you owe, you can apply for an installment

“Fractions Only” on the dotted line to the left of the entry

agreement online.

space for line 10.

You can apply for an installment agreement online if:

You can't pay the full amount shown on line 15,

Adjustment for sick pay. Enter the adjustment for the

The total amount you owe is $25,000 or less, and

employee share of social security and Medicare taxes that

You can pay the liability in full in 24 months.

were withheld and deposited by your third-party sick pay

payer with regard to sick pay paid by the third party.

To apply using the Online Payment Agreement

These wages should be included on line 2, line 4, and, if

Application, go to IRS.gov/OPA.

the withholding threshold is met, line 6.

Under an installment agreement, you can pay what you

Line 11. Total Taxes After

owe in monthly installments. There are certain conditions

you must meet to enter into and maintain an installment

Adjustments

agreement, such as paying the liability within 24 months,

and making all required deposits and timely filing tax

Combine lines 9 and 10; enter the result on line 11.

returns during the length of the agreement.

Line 12. Qualified Small Business

If your installment agreement is accepted, you will be

Payroll Tax Credit for Increasing

charged a fee and you will be subject to penalties and

interest on the amount of tax not paid by the due date of

Research Activities

the return.

Enter the amount of the credit from Form 8974, line 12.

Line 16. Overpayment

If you enter an amount on line 12, you must attach

If line 14 is more than line 13, enter the difference on

Form 8974.

line 16. Never make an entry on both lines 15 and 16.

CAUTION

Line 13. Total Taxes After

If you deposited more than the correct amount for the

year, you can have the overpayment refunded or applied

Adjustments and Credits

to your next return by checking the appropriate box on

Subtract line 12 from line 11; enter the result on line 13.

line 16. Check only one box on line 16. If you don't check

either box or if you check both boxes, generally we will

Line 14. Total Deposits

apply the overpayment to your next return. Regardless of

Enter your total Form 943 deposits for the year, including

any box you check or don't check, we may apply your

any overpayment that you applied from filing Form 943-X

overpayment to any past due tax account that is shown in

in 2017 and any overpayment that you applied from your

our records under your EIN.

2016 return.

If line 16 is under $1, we will send you a refund or apply

Line 15. Balance Due

it to your next return only if you ask us in writing to do so.

If line 13 is more than line 14, enter the difference on

Line 17. Monthly Summary of Federal

line 15. Otherwise, see

Overpayment

below. You don't

Tax Liability

have to pay if line 15 is under $1. Generally, you should

show a balance due on line 15 only if your total taxes after

This is a summary of your monthly tax liability, not a

adjustments and credits for the year (line 13) are less than

summary of deposits made. If line 13 is less than $2,500,

$2,500. However, see section 7 of Pub. 51 regarding

don't complete line 17 or Form 943-A.

payments made under the accuracy of deposits rule.

Complete line 17 only if you were a monthly schedule

If you were required to make federal tax deposits, pay

depositor for the entire year and line 13 is $2,500 or

the amount shown on line 15 by EFT. If you weren't

more. The amount entered on line 17M must equal the

required to make federal tax deposits, you may pay the

amount reported on line 13. See section 7 of Pub. 51 for

amount shown on line 15 by EFT, credit card, debit card,

details on the deposit rules. You're a monthly schedule

check, money order, or EFW. For more information on

depositor for the calendar year if the amount of your “Total

electronic payment options, go to IRS.gov/Payments.

taxes after adjustments” reported for the lookback period

isn't more than $50,000. The lookback period is the

-7-

Instructions for Form 943 (2017)

Instructions For Form 943 - 2017 Page 7

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