Form Os-3705 - Employer'S Quarterly Withholding Tax Return Page 2

Download a blank fillable Form Os-3705 - Employer'S Quarterly Withholding Tax Return in PDF format just by clicking the "DOWNLOAD PDF" button.

Open the file in any PDF-viewing software. Adobe Reader or any alternative for Windows or MacOS are required to access and complete fillable content.

Complete Form Os-3705 - Employer'S Quarterly Withholding Tax Return with your personal data - all interactive fields are highlighted in places where you should type, access drop-down lists or select multiple-choice options.

Some fillable PDF-files have the option of saving the completed form that contains your own data for later use or sending it out straight away.

INSTRUCTIONS

A.1.

Enter the name of the owner for sole proprietorship, or partnership, or corporation/association name.

A.2.

Enter the name(s) under which the taxpayer operates as; e.g. “John Doe’s Restaurant”.

Enter the complete mailing address, including post office box, if any.

Enter your Taxpayer I.D. Number. If you do not have one, please apply at the Division of Revenue and Taxation, or at the Social Security

Administration. (NOTE: The Division of Revenue and Taxation will assign an I.D. Number for use only in reporting CNMI Taxes). Please type or

write legibly your nine digit Taxpayer Identification Number within the box provided. For example 5 5 - 5 5 5 5 5 5 5 .

Enter the quarter ended for which you are filing this return. Please type or write legibly the quarter and year ended you are filing for within the box

provided. For example, if you are filing for second quarter of 2010, you should enter 0 2 - 2 0 1 0 .

Enter your telephone number(s).

If this is a final return, place a check mark “ “ in the box provided and indicate the date when the business was closed or dissolved. Please type

or write legibly the date when the business ended within the box provided. For example, if your business was closed on March 02, 2010, you shoud

enter 0 3 - 0 2 - 2 0 1 0 . Pursuant to Revenue and Tax Regulations §2203.14, a penalty will be imposed for failure to

comply with this requirement.

Check the “Yes” box if you have filed a return last quarter. Check “No” box if you did not file a return for the last quarter and provide explanation.

Enter the total amount of wages paid this quarter and the number of employees for this quarter.

COMPUTATION OF CNMI WAGE AND SALARY NMTIT TAXES

1. a. Enter the total amount of Chapter 2 taxes withheld for this quarter.

Enter the total amount of Chapter 2 taxes withheld and paid on FORM 500-WH for this quarter (line F.1 of FORM 500-WH).

If this return is an amended or consolidated return of a previously filed OS-3705, enter any amount paid on original Form OS-3705.

Subtract lines I.1b and I.1c from line I.1a. Enter the difference in column B.

2. a.

Enter the total amount of Chapter 7 taxes computed and taxes withheld for this quarter.

Enter the total amount of Chapter 7 taxes withheld and paid on Form 500-WH for this quarter (line F.2 of Form 500-WH).

If this return is an amended or consolidated return of a previously filed OS-3705, enter any amount paid on original Form OS-3705.

Subtract lines I.2b and I.2c from line I.2a (taxes withheld). Enter the difference in column B.

Failure to File Penalty for Chapter 2 taxes: For returns filed and/or taxes paid after the due date. A penalty of 5% of the tax (line I.1.d)

J. 1. a.

shall be added for every month or fraction thereon, elapsing between the due date of this return until the date it is actually filed and paid; not

exceeding 25% in the aggregate. If the failure to pay penalty becomes applicable, the 5% failure to file penalty shall be reduced by 1/2 of 1%.

Enter the penalty on this line.

Failure to File Penalty for Chapter 7 taxes: For returns filed and/or taxes paid after the due date. A penalty of 5% of the tax (line I.2.d) is

imposed of the net amount due up to one month, with an additional 5% for every additional month or fraction there of, up to a maximum of 25%.

If the failure to pay penalty becomes applicable, the 5% failure to file penalty shall be reduced by 1/2 of 1%. Enter the penalty on this line.

CAUTION: Failure to file penalty continue to accrue even if return was filed timely if taxes were not timely paid.

Failure to Pay Penalty for Chapter 2 taxes: For taxes which are not paid when due, a penalty of 0.5% of the amount due on (line I.1.d.) shall be

added for every month or fraction thereof, elapsing between the due date and the date the tax is actually paid. Enter the Chapter 2 penalty on this

line.

Failure to Pay Penalty for Chapter 7 taxes: For taxes which are not paid when due, a penalty of 0.5% of the amount due on (line I.2.d) shall

be added for every month or fraction thereof, elapsing between the due date and the date the tax is actually paid. Enter the Chapter 7 penalty on

this line.

Interest on Chapter 2 taxes: If you pay the tax after the deadline, there is an interest charge as provided under P.L. 14-35 of the amount of the

2. a.

tax due (line I.1.d) and penalty charges (line J.1.a and J.1.c.) from the date the tax is due until it is actually paid. Enter the total interest charge on

this line. The interest rate is subject to change on a quarterly basis. The Division of Revenue and Taxation can compute the interest charges and

bill you on it. Enter the total Chapter 2 interest on this line.

Interest on Chapter 7 taxes: If you pay the tax after the deadline, there is an interest charge as provided under P.L. 14-35 of the amount of tax

due (line I.2.d) and penalty charges (line J.1.b. and J 1.d.) from the date the tax is due until it is actually paid. Enter the total interest charge on

this line. The interest rate is subject to change on a quarterly basis. The Division of Revenue and Taxation can compute the interest charges and

bill you on it. Enter the total Chapter 7 interest on this line.

Add amounts in column B. This is the total amount due this quarter. Enter and pay this amount.

DECLARATION AND SIGNATURE

All returns must be signed by a natural person. No return shall be complete unless and until it is signed by the taxpayer. Tax returns shall be signed

by the following: The return of:

(a) an individual taxpayer shall be signed by the individual;

(b) a corporation shall be signed by the president, vice-president, treasurer, assistant treasurer, chief accounting officer of the corporation, or any

other officer duly authorized so to act;

(d) all other entities shall be signed by a natural person as specified in the NMTIT.

DEADLINE: The original copy of this return must be filed at the Division of Revenue and Taxation on or before the last day of the month following

the end of each quarter, that is, on or before April 30, July 31, October 31 and January 31. If filing by mail send to:

DIVISION OF REVENUE AND TAXATION

P.O. BOX 5234 CHRB

SAIPAN, MP 96950

PAYMENTS: Any tax due must be paid to the Division of Revenue and Taxation. Make your check or money order payable to: “CNMI TREASURER”.

If you are making a single payment for multiple tax returns, please make sure that the total of all taxes and charges are correct. Also indicate how

you want the payment to be applied. (NOTE: Please be advised that if a check remitted for payment of taxes is returned by your bank unpaid, the

taxes will be deemed unpaid and subject to all applicable late payment penalty and interest charges).

NOTE: This revision is effective 2nd Quarter 2010.