2010 Supplemental Instructions For Forms W-2cm And Os-3710 printable pdf download

2010 Supplemental Instructions For Forms W-2cm And Os-3710

DIVISION OF REVENUE AND TAXATION

COMMONWEALTH OF THE NORTHERN MARIANA ISLANDS

Post Office Box 5234 CHRB, Saipan, MP 96950

2010 Supplemental Instructions for Forms W-2CM and OS-3710

These instructions are intended for employers to use in conjunction with the Internal Revenue Service instructions for

2010 Forms W‐2 and W‐3.

General Information – Form W‐2CM is a five (5) part form which provides the employee with Wage and related

information necessary for the preparation of an annual tax return for the Wages and Salary Tax, NMI Territorial Income

Tax (NMTIT), or the Federal Income Tax, if required. Copies of this form are required to be filed with the CNMI Division

of Revenue and Taxation and the U.S. Social Security Administration (SSA).



Copy 1 shall be attached to Form OS‐3710, Annual Reconciliation of Taxes Withheld, and filed with the

CNMI Division of Revenue and Taxation no later than February 28, 2011.



Copy A is for the SSA and shall be attached to Form W‐3SS which shall be filed with SSA no later than

February 28, 2011.



Copies 2 and B shall be provided to the employee no later than January 31, 2011.

Important – All required information in Form W‐2CM constitutes the completeness and accuracy of the form being

submitted, including the correct social security number of the employee, Citizenship code (item C), NAICS (item D), and

SOC (item E). Penalties will be enforced for incomplete and/or incorrect information and for failure to file a Form W‐

2CM by the due date when you cannot show reasonable cause. The penalty applies if you:



Fail to file in a timely manner,



Fail to include all information required to be shown on Form W‐2CM,



Include incorrect information on Form W‐2CM



Fail to file electronically when required,



Report an incorrect TIN (SSN),



Fail to report a TIN (SSN).

The penalty is:



$50 per Form W‐2CM if you file after the due date.



$15 per Form W‐2CM if you file in a timely manner and have corrected all errors within 30 days after the

due date; maximum penalty is $75,000 per year ($25,000 for small businesses).



$30 per Form W‐2CM if you file in a timely manner and have corrected all errors by August 1; maximum

penalty is $150,000 ($50,000 for small businesses).



$50 per Form W‐2CM if you file in a timely manner, if errors were not corrected by August 1; maximum

penalty is $250,000 ($100,000 for small businesses).

2010 Supplemental Instructions For Forms W-2cm And Os-3710

Related Articles

Related forms

Related Categories