Instructions For Form 943-X - 2015 (Page 11 of 13) in pdf

interest, if applicable. The balance due, including any related

Form 943-A. Do not include the tax increase reported on

penalties and interest, resulting from the reduction in

Form 943-X on any amended Form 943-A you file.

deposits in anticipation of the credit will be abated when the

If you owe tax and are filing a late Form 943-X, that is,

credit is applied. Such abatement will generally occur without

after the due date for the return period in which you

any further action from the employer. Alternatively, to prevent

discovered the error, you must file an amended Form 943-A

triggering a system-generated balance due notice, the

with the Form 943-X. Otherwise, the IRS may assess an

employer can make its deposits without a reduction in

“averaged” FTD penalty. The total tax reported on Form

anticipation of the COBRA premium assistance credit and

943-A, line M, must match the corrected tax (Form 943,

follow these instructions for claiming the COBRA premium

line 11 (line 9 for calendar years 2011 and 2012), combined

assistance credit.

with any correction reported on Form 943-X, line 15) for the

year, less any previous abatements and interest-free tax

For more information on the COBRA premium subsidy,

assessments.

visit IRS.gov and enter “COBRA” in the search box.

Payment methods. You may pay the amount you owe on

16b. Number of Individuals Provided COBRA

line 17 electronically using the Electronic Federal Tax

Payment System (EFTPS), by credit card or debit card, or by

Premium Assistance on Line 16a

a check or money order.

Enter the total number of assistance eligible individuals

The preferred method of payment is EFTPS. For more

provided COBRA premium assistance in column 1. Count

information, visit , call EFTPS Customer

each assistance eligible individual who paid a reduced

Service at 1-800-555-4477 or 1-800-733-4829 (TDD) toll

COBRA premium as one individual, whether or not the

free, or see Pub. 966, Electronic Federal Tax Payment

reduced premium was for insurance that covered more than

System: A Guide To Getting Started.

one assistance eligible individual. For example, if the

To pay by credit or debit card, visit the IRS website

reduced COBRA premium was for coverage for a former

employee, spouse, and two children, you would include one

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

individual in the number entered on line 16b for the premium

“United States Treasury.” On your check or money order, be

assistance entered on line 16a. Further, each individual is

sure to write your EIN, “Form 943-X,” and the year corrected.

reported only once. For example, an assistance eligible

individual who made monthly premium payments would only

You do not have to pay if the amount you owe is less than

be reported as one individual on line 16b.

$1.

Previously assessed FTD penalty. If line 17 reflects

For tax periods ending before January 1, 2014, enter the

overreported tax and the IRS previously assessed a FTD

number of assistance eligible individuals provided COBRA

penalty, you may be able to reduce the penalty. For more

premium assistance previously reported on Form 943, line

information, see the Form 943-A instructions.

13b (line 11b for calendar years 2011 and 2012), in column

Part 4: Explain Your Corrections for

2. For tax periods beginning after December 31, 2013,

enter -0- in column 2, unless you are correcting a previously

the Calendar Year You Are Correcting

filed Form 943-X. If you or the IRS previously corrected the

number of individuals reported, the number entered in

18. Correction of Both Underreported and

column 2 should take into account all previous corrections.

Overreported Amounts

17. Total

Check the box on line 18 if any corrections you entered on

Combine lines 15 and 16a of column 4, and enter the result

lines 6–14 and 16a and 16b in column 3 reflect both

on line 17.

underreported and overreported amounts.

Your credit. If the amount entered on line 17 is less than

Example. If you had an increase to social security wages

zero, for example, “-115.00,” you have a credit because you

of $15,000 for Employee A and a decrease to social security

overreported your federal employment taxes.

wages of $5,000 for Employee B, you would enter $10,000

If you checked the box on line 1, include this amount on

on line 6, column 3. That $10,000 represents the net change

the "Total Deposits" line of Form 943 for the year during

from corrections.

which you filed Form 943-X. Do not make any changes to

On line 20, you must explain the reason for both the

your Monthly Summary of Federal Tax Liability on Form 943

$15,000 increase and the $5,000 decrease.

or on Form 943-A. The amounts reported in your Monthly

Summary of Federal Tax Liability or on Form 943-A should

19. Did You Reclassify Any Workers

reflect your actual tax liability for the period.

Check the box on line 19 if you reclassified any workers to be

If you checked the box on line 2, you are filing a claim for

independent contractors or nonemployees. Also check this

refund or abatement of the amount shown.

box if the IRS (or you) determined that workers you treated

If your credit is less than $1, we will send a refund or apply

as independent contractors or nonemployees should be

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

classified as employees. On line 20, give us a detailed

reason why any worker was reclassified and, if you used

Amount you owe. If the amount on line 17 is a positive

section 3509 rates on lines 11–14 for any worker reclassified

number, you must pay the amount you owe by the time you

as an employee, explain why section 3509 rates apply and

file Form 943-X. You may not use any credit that you show on

what rates you used.

another Form 943-X to pay the amount you owe, even if you

filed for the amount you owe and the credit at the same time.

Return not filed because you did not treat any workers

as employees. If you did not previously file Form 943

If you owe tax and are filing a timely Form 943-X, do not

because you mistakenly treated all workers as independent

file an amended Form 943-A unless you were assessed an

FTD penalty caused by an incorrect, incomplete, or missing

-11-

Instructions for Form 943-X (Rev. 2-2015)

Instructions For Form 943-X - 2015 Page 11

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