Adjustment on 941
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