How to avoid the penalty for Form 943?

Last modified 3/31/2023 8:30:29 AM EST

You can avoid paying Form 943 penalties and interest if you do the following:

• When your taxes are due, deposit them or pay them.
• Fill out Form 943 completely and submit it on time.
• Declare your tax liability truthfully.
• Submit valid checks for payment of taxes
• Provide proper W-2 forms to employees.
• File Form W-3 and Copy A of Forms W-2 with the Social Security Administration on time and precisely.