Penalty And Interest Worksheet Form For Delinquent Withholding Tax Returns - 2005

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City of Grand Rapids
Income Tax Department
YEAR 2005 INCOME TAX WITHHOLDING FORMS AND INSTRUCTIONS
THIS BOOKLET CONTAINS THE FOLLOWING FORMS AND INSTRUCTIONS:
A.
NOTICE OF CHANGE OR DISCONTINUANCE.
B.
EMPLOYER'S MONTHLY DEPOSIT OF INCOME TAX WITHHELD, FORM GR-501 (USED
FOR MAKING DEPOSIT OF TAX WITHHELD DURING FIRST OR SECOND MONTH OF A
QUARTER).
C.
EMPLOYER'S QUARTERLY RETURN OF INCOME TAX WITHHELD, FORM GR-941 (USED
FOR REPORTING QUARTERLY INCOME TAX WITHHELD).
D.
EMPLOYER'S ANNUAL RECONCILIATION OF INCOME TAX WITHHELD, FORM GRW-3.
THIS FORM MUST BE FILED ON OR BEFORE FEBRUARY 28, 2006.
E.
INSTRUCTIONS FOR EMPLOYER'S MONTHLY DEPOSIT OF INCOME TAX WITHHELD,
FORM GR-501, AND EMPLOYER'S QUARTERLY RETURN OF INCOME TAX WITHHELD,
FORM GR-941.
F.
PENALTY AND INTEREST WORKSHEET.
A MONTHLY DEPOSIT IS REQUIRED FOR THE FIRST AND/OR SECOND MONTH OF A QUARTER
WHEN THE AMOUNT WITHHELD DURING THE MONTH EXCEEDS $100.00. FORM GR-501 IS USED
TO MAKE MONTHLY DEPOSITS.
USE FORM GR-941, QUARTERLY RETURN, TO REPORT
WITHHOLDING FOR A QUARTER AND TO REMIT WITHHOLDING NOT DEPOSITED DURING THE
FIRST OR SECOND MONTH OF THE QUARTER.
IF TAX WITHHELD DURING A MONTH EXCEEDS $100
MONTHLY DEPOSITS, FORM GR-501, ARE DUE AS FOLLOWS:
MONTH
DUE DATE
MONTH
DUE DATE
JANUARY
02/28/2005
JULY
08/31/2005
FEBRUARY
03/31/2005
AUGUST
09/30/2005
APRIL
05/31/2005
OCTOBER
11/30/2005
MAY
06/30/2005
NOVEMBER
01/02/2006
QUARTERLY RETURNS, FORM GR-941, ARE DUE AS FOLLOWS:
QUARTER
DUE DATE
QUARTER
DUE DATE
FIRST
05/02/2005
THIRD
10/31/2005
SECOND
08/01/2005
FOURTH
01/31/2006
IF THE NECESSARY FORMS ARE NOT INCLUDED IN THIS BOOKLET, CONTACT THE INCOME
TAX DEPARTMENT VIA PHONE AT (616) 456-3415, OR SEND A LETTER TO: P.O. BOX 347, GRAND
RAPIDS, MI 49501-0347.
PREPARING W-2 FORMS – IF BOX 20 OF THE W-2 FORM IS LEFT BLANK OR DOES NOT
CLEARLY IDENTIFY THE LOCALITY AS GRAND RAPIDS OR GR, YOUR EMPLOYEES WILL
EXPERIENCE A DELAY IN THE PROCESSING OF THEIR RETURNS.

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