Section 02 (Forms 943 and 943(PR))

The following sections provide information concerning Forms 943, and 943(PR), Section 02.

Field Designator

Field Length

Title of Field

Location on Return

Positive (+) or negative (-)

02TCW

14

Total Social Security Wages

Line 2

02MED

14

Total Medicare Compensation

Line 4

02XMT

14

Total Compensation Subject to Additional Medicare Tax Withholding

Line 6 (2013 and subsequent)

02ITW

14

Income Tax Withheld

Line 8

02ADJ

14

Current Year Adjustments

Line 10

+/-

027A

15

Number of Qualified Employees Paid Exempt Compensation after March 31, and before October 1, 2021

Line 7a (2010 only)

027B

15

Exempt Compensation Paid Employees after March 31

Line 7b (2010 only)

027C

15

Tax on Exempt Compensation Paid Qualified Employees After Mar. 31

Line 7c (2010 only)

027D

15

Total Taxes Before Adjustments

Line 7d (2010 only)

02PTC

15

Payroll Tax Credit for increasing research

Line 12a (Line 12 prior years)

02TT

15

Total Tax- Taxpayer

Line 13

02EIC

15

Advanced Earned Income Credit

Line 10 (prior year)

02DEP

15

Total Deposits

Line 14a (Line 14, prior years)

02CPM

15

COBRA Premium Assistance Payments

13a (prior year)

02CEM

7

Number of Recipients Receiving COBRA

13b (prior year)

02MRN

7

March Number of Qualified Employees Paid Exempt Compensation (2010 only)

13c (prior year)

02MXW

15

March Amount of Exempt Compensation Paid Qualified Employees (2010 only)

13d (prior year)

02MXT

15

SS Tax Credit on March Exempt Compensation Paid Employees (2010 only)

13e (prior year)

02STL

15

Sub Total COBRA and March Exempt Taxes (2010 only)

14 (prior year)

02B/R

15

Balance Due/Overpayment-Taxpayer

Line(s) 15 and 16

+/-

See the chart below for instructions on correcting Section 02 Field Errors.

If

Then

Any field is transcribed incorrectly

Enter the correct amount from the return.

Fields 027A, 027B, 027C and/or 027D has figures and the tax year is not 2010,

Delete the field(s) as a misplaced entry

Any field is negative (Except for Fields 02TT, 02ADJ and/or 02B/R),

Treat the entry as a positive amount.

Field 02EIC has entry and the tax period is 2011 or subsequent,

Delete the field as a misplaced entry.

Fields 02MRN, 02MXW and/or 02MXT has figures and the return is not for 2010

Delete the field(s) as a misplaced entry.

Field 02XMT has an entry and Field 02MED is blank

Remove Field 02XMT and place in Field 02MED.