Instructions For Form 943 - 2016 printable pdf download

2016

Department of the Treasury

Internal Revenue Service

Instructions for Form 943

Employer's Annual Federal Tax Return for Agricultural Employees

Section references are to the Internal Revenue Code

Social security wage base for 2017. The maximum

unless otherwise noted.

amount of wages subject to the social security tax for

2017 will be discussed in the December 2016 revision of

Future Developments

Pub. 51.

For the latest information about developments related to

COBRA premium assistance credit. Effective for tax

Form 943 and its instructions, such as legislation enacted

periods beginning after December 31, 2013, the credit for

after they were published, go to

COBRA premium assistance payments can't be claimed

What's New

on Form 943. Instead, after filing your Form 943, file Form

943-X, Adjusted Employer's Annual Federal Tax Return

Social security and Medicare tax for 2016. The social

for Agricultural Employees or Claim for Refund, to claim

security tax rate is 6.2% each for the employee and

the COBRA premium assistance credit. Filing a Form

employer, unchanged from 2015. The social security

943-X before filing a Form 943 for the year may result in

wage base limit is $118,500, unchanged from 2015.

errors or delays in processing your Form 943-X. For more

The Medicare tax rate is 1.45% each for the employee

information, visit IRS.gov and enter “COBRA” in the

and employer, unchanged from 2015. There is no wage

search box.

base limit for Medicare tax.

If you're entitled to claim the COBRA premium

New filing due date for 2016 Forms W-2, W-3, and

assistance credit, but aren't otherwise required to

TIP

1099-MISC. Both paper and electronically filed 2016

file Form 943, file a Form 943 with -0- entered on

Forms W-2 and W-3 must be filed with the Social Security

line 15 before filing a Form 943-X to claim the credit.

Administration (SSA) by January 31, 2017. Both paper

If you change your business name, business ad-

and electronically filed 2016 Forms 1099-MISC that report

dress, or responsible party. Notify the IRS

nonemployee compensation must be filed with the IRS by

immediately if you change your business name, business

January 31, 2017.

address, or responsible party.

Work opportunity tax credit for qualified tax-exempt

Write to the IRS office where you file your returns (using

organizations hiring qualified veterans extended.

the Without a payment address under Where To File,

The work opportunity tax credit is now available for

later) to notify the IRS of any business name change. See

eligible unemployed veterans who begin work after

Pub. 1635 to see if you need to apply for a new EIN.

December 31, 2014, and before January 1, 2020.

Complete and mail Form 8822-B to notify the IRS of a

Qualified tax-exempt organizations that hire eligible

business address or responsible party change. Don't mail

unemployed veterans can claim the work opportunity tax

Form 8822-B with your Form 943. For a definition of

credit against their payroll tax liability using Form 5884-C.

“responsible party” see the Form 8822-B instructions.

For more information, visit IRS.gov and enter “work

Correcting a previously filed Form 943. If you

opportunity tax credit” in the search box.

discover an error on a previously filed Form 943, make the

Reminders

correction using Form 943-X. Form 943-X is filed

separately from Form 943. For more information, see

Additional Medicare Tax withholding. In addition to

section 9 of Pub. 51 or visit IRS.gov and enter “correcting

withholding Medicare tax at 1.45%, you must withhold a

employment taxes” in the search box.

0.9% Additional Medicare Tax from wages you pay to an

employee in excess of $200,000 in a calendar year.

Federal tax deposits must be made by electronic

You're required to begin withholding Additional Medicare

funds transfer (EFT). You must use EFT to make all

Tax in the pay period in which you pay wages in excess of

federal tax deposits. Generally, an EFT is made using the

$200,000 to an employee and continue to withhold it each

Electronic Federal Tax Payment System (EFTPS). If you

pay period until the end of the calendar year. Additional

don't want to use EFTPS, you can arrange for your tax

Medicare Tax is only imposed on the employee. There is

professional, financial institution, payroll service, or other

no employer share of Additional Medicare Tax. All wages

trusted third party to make electronic deposits on your

that are subject to Medicare tax are subject to Additional

behalf. Also, you may arrange for your financial institution

Medicare Tax withholding if paid in excess of the

to initiate a same-day wire payment on your behalf.

$200,000 withholding threshold.

EFTPS is a free service provided by the Department of

Treasury. Services provided by your tax professional,

For more information on what wages are subject to

financial institution, payroll service, or other third party

Medicare tax, see the chart, Special Rules for Various

may have a fee.

Types of Services and Payments, in section 15 of Pub. 15.

For more information on Additional Medicare Tax, visit

For more information on making tax deposits, see

IRS.gov and enter “Additional Medicare Tax” in the search

section 7 of Pub. 51. To get more information about

box.

Sep 29, 2016

Cat. No. 25976L

Instructions For Form 943 - 2016

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