Instructions For Form 943 - 2016 (Page 6 of 7) in pdf

If your installment agreement is accepted, you will be

Adjustment for sick pay. Enter the adjustment for the

charged a fee and you will be subject to penalties and

employee share of social security and Medicare taxes that

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

were withheld and deposited by your third-party sick pay

the return.

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

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

Line 16. Overpayment

the withholding threshold is met, line 6.

If line 12 is more than line 11, enter the difference on

Line 11. Total Taxes After

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

Adjustments

If you deposited more than the correct amount for the

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

year, you can have the overpayment refunded or applied

to your next return by checking the appropriate box on

Line 12. Total Deposits

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

Enter your total Form 943 deposits for the year, including

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

any overpayment that you applied from filing Form 943-X

apply the overpayment to your account. We may apply

and any overpayment that you applied from your 2015

your overpayment to any past due tax account that is

return.

shown in our records under your EIN.

Lines 13a, 13b, and 14. Reserved

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

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

Line 15. Balance Due

Line 17. Monthly Summary of Federal

If line 11 is more than line 12, enter the difference on

Tax Liability

line 15. Otherwise, see Overpayment below. You don't

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

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

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

summary of deposits made. If line 11 is less than $2,500,

adjustments for the year (line 11) is less than $2,500.

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

However, see section 7 of Pub. 51 regarding payments

made under the accuracy of deposits rule.

Complete line 17 only if you were a monthly schedule

depositor for the entire year and line 11 is $2,500 or

If you were required to make federal tax deposits, pay

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

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

amount reported on line 11. See section 7 of Pub. 51 for

required to make federal tax deposits, you may pay the

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

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

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

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

taxes after adjustments” reported for the lookback period

electronic payment options, visit the IRS website at

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

second calendar year preceding the current calendar

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

year. For example, the lookback period for 2017 is 2015.

return using the Without a payment address under Where

If you were a semiweekly schedule depositor

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

during any part of the year, don't complete line 17.

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

Instead, complete Form 943-A.

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

CAUTION

the tax period on your check or money order. Complete

Reporting adjustments on line 17. If your net

Form 943-V and enclose with Form 943.

adjustment during a month is negative and it exceeds your

If you didn't make deposits as required and

total liability for the month, don't enter a negative amount

instead pay the taxes with Form 943, you may be

for the month. Instead, enter “-0-” for the month and carry

subject to a penalty.

over the unused portion of the adjustment to the next

CAUTION

month.

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

Third-Party Designee

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

agreement online.

If you want to allow an employee, a paid tax preparer, or

another person to discuss your Form 943 with the IRS,

You can apply for an installment agreement online if:

check the “Yes” box in the Third-Party Designee section.

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

Then tell us the name, phone number, and the five-digit

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

personal identification number (PIN) of the specific person

You can pay the liability in full in 24 months.

to speak with—not the name of the firm who prepared

To apply using the Online Payment Agreement

your tax return. The designee may choose any five

Application, go to IRS.gov, click on Tools, then click on

numbers as his or her PIN.

Online Payment Agreement.

Under an installment agreement, you can pay what you

By checking “Yes,” you authorize the IRS to talk to the

owe in monthly installments. There are certain conditions

person you named (your designee) about any questions

you must meet to enter into and maintain an installment

we may have while we process your return. You also

agreement, such as paying the liability within 24 months,

authorize your designee to do all of the following.

and making all required deposits and timely filing tax

Give us any information that is missing from your return.

returns during the length of the agreement.

Call us for information about processing your return.

-6-

Instructions for Form 943 (2016)

Instructions For Form 943 - 2016 Page 6

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