Kentucky Income Tax Forms Requisition - Kentucky Department Of Revenue

November 2011

Kentucky Tax Alert

NEW INTEGRATED TAX PAYMENT SOLUTION

file their income tax returns earlier, thereby avoiding

(TPS) FOR ACH TAX PAYMENTS

backlogs and delay of refunds. Fewer returns are filed

at the beginning of the tax season than near the April

On Nov. 1, 2011 the DOR, in partnership with Kentucky.gov,

15 deadline. By increasing the number of tax returns

released a new integrated Tax Payment Solution (TPS) for

filed early, refunds can be processed more efficiently.

ACH tax payments. If you would like to participate in the

DOR’s EFT program, you need to register with Kentucky.gov

W-2 PROCESSING

before using the service. The registration process is simple

and can be managed completely online. Within TPS, you

Web filing is the preferred method to report Employees

may elect to pay taxes using ACH Debit or register for ACH

Wage and Tax Statements. The EFW2 specifications

Credit. To initiate ACH Debit payments using TPS, you must

are updated and posted annually to the department’s

authorize the DOR to make ACH Debit transactions within

website at no

the application. Additional information, as well as a link to

later than Oct. 31 each year. Electronic filing is

the new service, is available at If you

required for reporting of 100 or more Wage and Tax

have questions, please contact the EFT Help Desk at 1-800-

Statements. Those reporting fewer

839-4137 or email dorecommerce@ky.gov.

than 100 Wage and Tax Statements

are encouraged to file in an electronic

Important Notice for Current EFT Registrants: Effective

format ( Web filing, CD, or diskette).

Jan. 1, 2012, Global Payments will no longer process tax

payments for the Kentucky Department of Revenue. To

A Transmitter Report, Form 42A806,

prevent delays and late payments, you are urged to register

is required to be included with CD, diskette and paper

to use the new Tax Payment Solution as soon as possible.

submissions of Wage and Tax Statements. Do not mail

After your registration has been approved, you should begin

the Wage and Tax Statements with the year-end return,

initiating payments using the new service immediately. ACH

Form K-3. Mail CD, diskette and paper submissions

Debit payments made via the TPS will be considered timely

to: Kentucky Department of Revenue, W-2 Processing,

as long as the payment receipt is generated by 3:45 p.m. EST

Station 57, 501 High Street, Frankfort, KY 40601.

on the tax due date. Funds may be drawn from your account

up to two or more banking days later. If you have questions,

The Department is now electronically accepting

please contact the EFT Help Desk at 1-800-839-4137 or

Forms 1099G, 1099M, 1099R and W2G. Electronic

email dorecommerce@ky.gov.

submissions may only be made via CD and are required

to be in the federal format found in Pub. 1220 Rev.

ESTIMATED TAX PAYMENT DEADLINES

Proc. 2010-26. See Kentucky DOR’s website at www.

Individual income taxpayers are reminded that final

revenue.ky.gov for the detailed specifications on the

2011 quarterly estimated tax payments are due on Jan.

state defined fields. 1099 Forms are required to be

16, 2012. Final 2011 estimated corporation income tax

submitted to Kentucky DOR only when Kentucky

payments of 25 percent are due on Dec. 15, 2011.

tax is withheld.

Taxpayers who have not yet made their April 15, June

The filing deadline for Wage and Tax Statements

15, or Sept. 15, 2010, estimated payments must submit

is Jan. 31, 2012.

those payments on or before Jan. 16, 2012 to minimize

underestimation penalties.

REPORTING ECONOMIC INCENTIVE CREDIT

ON W-2S

EMPLOYERS ENCOUR AGED TO RELEASE

FORMS W-2/K-2 EARLY

The economic incentive credit amount should be

included in box 17 (Kentucky income tax) of the W-2.

In an effort to speed the issuance of individual income

When electronically filing, the economic incentive

tax refunds, employers are encouraged to release

credit amount should be reported in fields 287-297 of

Employee’s Wage and Tax Statements, Forms W-2/K-2,

the RS Record.

at the earliest possible date. This allows taxpayers to

Kentucky Income Tax Forms Requisition - Kentucky Department Of Revenue - 2011 Page 2

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