COBRA premium assistance credit.
Effective for tax periods beginning after December 31, 2013, the credit for COBRA premium assistance payments cannot
be claimed on Form 943. Instead, after filing your Form 943, file Form 943-X, Adjusted Employer's Annual Federal Tax Return
for Agricultural Employees or Claim for Refund, to claim the COBRA premium assistance credit. Filing a Form 943-X before filing
a Form 943 for the year may result in errors or delays in processing your Form 943-X. For more information, visit IRS.gov
and enter “COBRA
” in the search box.
If you are entitled to claim the COBRA premium assistance credit, but are not otherwise required to file Form 943, file a
Form 943 with -0- entered on line 15 before filing a Form 943-X to claim the credit.
Social security and Medicare tax for 2014.
The social security tax rate is 6.2% each for the employee and employer, unchanged from 2013. The social security
wage base limit is $117,000.
The Medicare tax rate is 1.45% each for the employee and employer, unchanged from 2013. There is no wage base limit
for Medicare tax.
Online payment agreement.
You may be eligible to apply for an installment agreement online if you have a balance due when you file your return.
For more information, see What if you cannot pay in full
Additional Medicare Tax withholding.
In addition to withholding Medicare tax at 1.45%, you must withhold a 0.9% Additional Medicare Tax from wages you
pay to an employee in excess of $200,000 in a calendar year. You are required to begin withholding Additional Medicare Tax
in the pay period in which you pay wages in excess of $200,000 to an employee and continue to withhold it each pay period
until the end of the calendar year. Additional Medicare Tax is only imposed on the employee. There is no employer share of
Additional Medicare Tax. All wages that are subject to Medicare tax are subject to Additional Medicare Tax withholding if
paid in excess of the $200,000 withholding threshold.
For more information on what wages are subject to Medicare tax, see the chart, Special Rules for Various Types of Services and Payments
, in section 15 of Pub. 15 (Circular E), Employer's Tax Guide. For more information on Additional Medicare Tax, visit IRS.gov
and enter “Additional Medicare Tax
” in the search box.
Social security wage base for 2015.
The maximum amount of wages subject to the social security tax for 2015 will be discussed in the December 2014 revision
of Publication 51 (Circular A), Agricultural Employer's Tax Guide.
If you change your business name, business address, or responsible party.
For a definition of "responsible party" and how to notify IRS of a change in the identity of your responsible party,
see the Form 8822-B instructions. Notify the IRS immediately if you change your business name, business address, or responsible
party. Write to the IRS office where you file your returns (using the Without a payment
address under Where To File
, later) to notify the IRS of any name change. See Pub. 1635, Employer Identification Number: Understanding Your EIN, to see
if you need to apply for a new EIN. Complete and mail Form 8822-B, Change of Address or Responsible Party—Business, to notify
the IRS of an address change.
Correcting a previously filed Form 943.
If you discover an error on a previously filed Form 943, make the correction using Form 943-X. Form 943-X is filed
separately from Form 943. For more information, see section 9 of Pub. 51 (Circular A) or visit IRS.gov and enter “correcting employment taxes
” in the search box.
Compensation paid to H-2A visa holders.
Report compensation of $600 or more paid to foreign agricultural workers who entered the country on H-2A visas in
box 1 of Form W-2, Wage and Tax Statement. Compensation paid to H-2A workers for agricultural labor performed in connection
with this visa is not subject to social security and Medicare taxes, and therefore should not be reported as wages subject
to social security tax (line 2), Medicare tax (line 4), or Additional Medicare Tax withholding (line 6) on Form 943, and should
not be reported as social security wages (box 3) or Medicare wages (box 5) on Form W-2.
An employer is not required to withhold federal income tax from compensation it pays to an H-2A worker for agricultural
labor performed in connection with this visa unless the worker asks for withholding and the employer agrees. In this case,
the worker must give the employer a completed Form W-4, Employee's Withholding Allowance Certificate. Federal income tax withheld
should be reported on Form 943, line 8, and in box 2 of Form W-2. These reporting rules apply when the H-2A worker provides
his or her taxpayer identification number (TIN) to the employer. For the rules relating to backup withholding and reporting
when the H-2A worker does not provide a TIN, see the Instructions for Form 1099-MISC and the Instructions for Form 945.
Federal tax deposits must be made by electronic funds transfer (EFT).
You must use EFT to make all federal tax deposits. Generally, an EFT is made using the Electronic Federal Tax Payment
System (EFTPS). If you do not want to use EFTPS, you can arrange for your tax professional, financial institution, payroll
service, or other trusted third party to make electronic deposits on your behalf. Also, you may arrange for your financial
institution to initiate a same-day wire payment on your behalf. EFTPS is a free service provided by the Department of Treasury.
Services provided by your tax professional, financial institution, payroll service, or other third party may have a fee.
For more information on making tax deposits, see section 7 of Pub. 51 (Circular A). To get more information about
EFTPS or to enroll in EFTPS, visit the EFTPS website at www.eftps.gov
, or call 1-800-555-4477 or 1-800-733-4829 (TDD). Additional information about EFTPS is also available in Publication 966,
Electronic Federal Tax Payment System: A Guide To Getting Started.
For an EFTPS deposit to be on time, you must submit the deposit by 8 p.m. Eastern time the day before the date the deposit
Same-day wire payment option.
If you fail to submit a deposit transaction on EFTPS by 8 p.m. Eastern time the day before the date a deposit is due, you
can still make your deposit on time by using the Federal Tax Collection Service (FTCS) To use the same-day wire payment method,
you will need to make arrangements with your financial institution ahead of time. Please check with your financial institution
regarding availability, deadlines, and costs. Your financial institution may charge you a fee for payments made this way.
To learn more about the information you will need to provide your financial institution to make a same-day wire payment, visit
the IRS website at www.irs.gov/e-pay and click on Same-Day Wire Federal Tax Payments.
Timeliness of federal tax deposits.
If a deposit is required to be made on a day that is not a business day, the deposit is considered timely if it is made by
the close of the next business day. A business day is any day other than a Saturday, Sunday, or legal holiday. The term “legal holiday” for deposit purposes includes only those legal holidays in the District of Columbia. Legal holidays in the District of Columbia
are provided in Pub. 51 (Circular A).
Electronic filing and payment.
Now, more than ever before, businesses can enjoy the benefits of filing tax returns and paying their federal taxes
electronically. Whether you rely on a tax professional or handle your own taxes, the IRS offers you convenient programs to
make filing and paying easier. Spend less time and worry on taxes and more time running your business. Use e-file and EFTPS
to your benefit.
For e-file, visit the IRS website at www.irs.gov/efile for additional information.
For EFTPS, visit www.eftps.gov or call EFTPS Customer Service at 1-800-555-4477 or 1-800-733-4829 (TDD) for additional information.
If you are filing your tax return or paying your federal taxes electronically, a valid employer identification number (EIN)
is required at the time the return is filed or the payment is made. If a valid EIN is not provided, the return or payment
will not be processed. This may result in penalties.
Electronic funds withdrawal (EFW).
If you file Form 943 electronically, you can e-file and e-pay (electronic funds withdrawal) the balance due in a single step
using tax preparation software or through a tax professional. However, do not use EFW to make federal tax deposits. For more information on paying your taxes using EFW, visit the IRS website at www.irs.gov/e-pay. A fee may be charged to file electronically.
Credit or debit card payments.
Employers can pay the balance due shown on Form 943 by credit or debit card. Do not
use a credit or debit card to make federal tax deposits. For more information on paying your taxes with a credit or debit
card, visit the IRS website at www.irs.gov/e-pay
Paid preparers must sign Form 943.
Paid preparers must complete and sign the paid preparer's section of Form 943.
Outsourcing payroll duties.
Employers are responsible to ensure that tax returns are filed and deposits and payments are made, even if the employer
contracts with a third party to perform these acts. The employer remains responsible if the third party fails to perform any
required action. If you choose to outsource any of your payroll and related tax duties (that is, withholding, reporting, and
paying over social security, Medicare, FUTA, and income taxes) to a third-party payer, such as a payroll service provider
or reporting agent, visit IRS.gov and enter “outsourcing payroll duties
” in the search box for helpful information on this topic.
Disregarded entities and qualified subchapter S subsidiaries (QSubs).
Eligible single-owner disregarded entities and QSubs are treated as separate entities for employment tax purposes.
Eligible single-member entities that have not elected to be taxed as corporations must report and pay employment taxes on
wages paid to their employees using the entities' own names and EINs. See Regulations sections 1.1361-4(a)(7) and 301.7701-2(c)(2)
How to get forms and publications.
You can get most IRS forms and publications by visiting IRS.gov or by calling the IRS at 1-800-TAX-FORM (1-800-829-3676).
You can call the IRS Business and Specialty Tax Line toll free at 1-800-829-4933 or 1-800-829-4059 (TDD/TTY for persons
who are deaf, hard of hearing, or have a speech disability) Monday–Friday from 7:00 a.m.–7:00 p.m. local time (Alaska and
Hawaii follow Pacific time) for answers to your questions about completing Form 943 and tax deposit rules.