IRS Form 943: An Overview

Updated on January 12, 2024 - 10:30 AM by Admin, TaxBandits

If your business has farm workers, your business should report agricultural employment taxes. Employers that have paid wages subject to FICA taxes or federal income tax withholding to one or more farm workers throughout the year must file Form 943.

Here's everything you need to know about IRS Form 943 and how to file form 943 with the IRS.

1. What is IRS Form 943 for 2023?

IRS Form 943, (Employer's Annual Federal Tax Return for Agricultural Employees) is used by employers to report employment taxes for wages paid to agricultural workers.

Those employers must withhold taxes from employees’ wages if one of the following is meet:

  • You pay an employee cash wages of $150 or more in a year for farmwork (count all wages paid on a time, piecework, or another basis). The $150 test applies separately to each farmworker that you employ. If you employ a family of workers, each member is treated separately. Don't count wages paid by other employers.
  • The total (cash and noncash) wages that you pay to all farmworkers is $2,500 or more.
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Note: If the $2,500-or-more test for the group isn't met, the $150-or-more test for an individual still applies. Similarly, if the $150-or-more test is not met for any individual, the $2,500-or-more test for the group
still applies.

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2. When is Form 943 due?

Form 943 is due by January 31st every year, regardless of the filing method (paper or electronic filing).

However, if you made deposits on time in full payment of the taxes due for the year, you may file the return by
February 10, 2024.

If the Form 943 due date falls on any Federal holidays or weekend, the next business day will be the due date.

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3. Reconciliation of Form 943 to Forms W-2 and W-3

Certain amounts reported on Form 943 for 2023 should agree with the Form W-2 totals reported on the 2023 Form W-3.

The amounts from Form 943 that must agree with the related boxes on Form W-3 include:

  • Federal income tax withheld (line 8 and box 2)
  • Social security wages (lines 2, 2a, and 2b and box 3)
  • Medicare wages (line 4 and box 5).

If the amounts don't agree, you may be contacted by the IRS or the SSA.

4. How to File Form 943 electronically?

File your Form 943 electronically with the IRS, and get instant IRS approval using TaxBandits, an IRS authorized e-file provider supporting e-filing for all 1099, W2, 94x, and ACA Forms.

Simply follow the steps below to file your Form 943:

  • Step 1: Create a free TaxBandits account or Login If you have one already
  • Step 2: Select Form 943 and enter Form Information
  • Step 3: Review Form Information and select payment
  • Step 4: E-file 943 with the IRS

Visit to learn more about
e-filing 943 Form.

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5. Form 943 Penalties and Interest

You can avoid paying penalties and interest for Form 943 by doing the following:

  • Deposit or pay your taxes when they are due.
  • File your fully completed Form 943 on time.
  • Report your tax liability accurately.
  • Submit valid checks for tax payments.
  • Furnish accurate Forms W-2 to employees.
  • File Form W-3 and Copy A of Forms W-2 with the SSA on time and accurately.

Visit to learn more about
e-filing 943 Form.

IRS Update: If you receive a notice about a penalty after you file your return, reply to the notice with an explanation and we will determine if you meet reasonable-cause criteria. Don't attach an explanation when you file your return.

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Know about the penalty rates for Form 943 under different conditions.

Avoid being penalized by the IRS by filing your 943 on time and with accurate information. Get started with TaxBandits Today

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