Adjustment on 941

Accounting

• 
  PAT RALEY 1 year ago

  Adjustment on 941

  We overpaid federal w/h. What line do I show the adjustment on so that Line 12 matches Part 2?

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  Crystalynn Shelton
  

  Moderator

  

  1 year ago

  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.

  Best-
  Crystalynn Shelton, CPA
  @CrystalynnPens

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