We overpaid federal w/h. What line do I show the adjustment on so that Line 12 matches Part 2?
Hey Pat, line 13 is where you record all deposits made for the quarter. This should include over payments. Once you subtract line 13(deposits made) from line 12 (your actual liability) you will put any balance due on line 14 and any refund that you are due on line 15.
Hope this helps.
Crystalynn Shelton, CPA
315 Madison Avenue, 24th Floor
New York, NY 10017
Disclaimer: We spend hours researching and writing our articles and strive to provide accurate, up-to-date content. However, our research is meant to aid your own, and we are not acting as licensed professionals. We recommend that you consult with your own lawyer, accountant, or other licensed professional for relevant business decisions. Click here to see our full disclaimer.
Product or company names, logos, and trademarks referred to on this site belong to their respective owners.