| Publication 15, Employer's Tax Guide |
2006 Tax Year |
This is archived information that pertains only to the 2006 Tax Year. If you
are looking for information for the current tax year, go to the Tax Prep Help Area.
Prior Period Adjustment Example. Summary: This is line 15 of Form 941 to illustrate the adjustment of tax liability reported by the employer with items included
as described
in the text.
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“15. Check one: checkbox blank. Line 10 is less that $2,500, go to Part 3.”
“ Checkbox checked. You were a monthly schedule depositor for the entire quarter. Fill out your tax liability for each month.
Then go to Part
3.”
“Tax liability: Month 1. Entry box containing zero.”
“Month 2. Entry box containing $4000.00”
“Month 3. Entry box containing $4500.00”
“Total. Entry box containing $8500.00. Total must equal line 10.”
“Checkbox blank. You were a semiweekly schedule depositor for any part of this quarter. Fill our Schedule B (Form 941), Report
of Tax Liability
for Semiweekly Schedule Depositors, and attach it to this form.”
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“17(c) Third month liability” field contains 4500.00
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“17(d) Total liability for quarter” field contains 8500.00
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