Kea Posted February 9, 2012 Report Share Posted February 9, 2012 I apologize for this basic question, but I'm filing my 2nd ever Form 943. Total payments were calculated off the monthly totals. When filling in the 943, I'm calculating off the annual total and getting a whopping 6¢ difference (over paid). Is it permissible to round to the nearest $ on the 943 as on the 1040? Or, is it permissible to "fudge" the calculations on the 943 to match what was paid in? Since it does no one any good to ask IRS refund 6¢, I could apply it to 2012. It's such a minor discrepancy, but I want to handle it correctly Thanks! Quote Link to comment Share on other sites More sharing options...
rfassett Posted February 9, 2012 Report Share Posted February 9, 2012 Rounding errors are so common in the 94X series that the IRS has put a line for the adjustment right on the return. The instructions for line 8 say to "adjust for rounding of fractions of cents". 6 cents falls into that category. Depending on the size of the payroll and number of checks and deposits, I have seen much bigger adjustments on this line. Quote Link to comment Share on other sites More sharing options...
Kea Posted February 9, 2012 Author Report Share Posted February 9, 2012 Thanks so much. Yep, I just missed that one. (I seem to be good at that this year.) I knew it was too minor to worry about - just wanted to make sure I filed the form correctly. Quote Link to comment Share on other sites More sharing options...
Medlin Software, Dennis Posted February 9, 2012 Report Share Posted February 9, 2012 Specifically, it is the difference between rounding/calculating on a per paycheck basis and rounding/calculating as a group of checks (by month, quarter, year). Quote Link to comment Share on other sites More sharing options...
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