Instructions For Form 967 - Idaho Annual Withholding Report (Page 2 of 2) in pdf

EIN00041p2

Page 2

12-19-08

IDAHO ANNUAL WITHHOLDING REPORT INSTRUCTIONS - continued

Line 3. For all filers except split-monthly. Enter the total of

If payment of the tax is received after the due date of the

Idaho withholding payments you made during the calendar

Form 967, interest will be computed on the balance due at

the appropriate rate. To complete the computation, multiply

year.

the tax due x the daily rate x the number of days late.

Line 3. For split-monthly filers only. Enter the total of Idaho

withholding payments you made during the calendar year.

Example: Additional tax due of $250 is paid 40 days late.

3a. Enter the amount of income tax withheld for the period

$250 x .00013699 (2009 rate) x 40 days

1/1/08 to 1/15/08. This amount was reported on your

$250 x .00013699 = $0.0342475/day

x 40 days = $1.37 interest

2007 Form 956 reconciliation, line 13a.

3b. Enter current payments for the period of 1/16/08 to

1/15/09.

Line 7. Enter the total of lines 4, 5, and 6.

3c. Enter the payment amount for the period 1/1/09 to

1/15/09. (This amount will be included on next year's

Statements Submitted

reconciliation form.)

3d. Add lines 3a and 3b, and subtract line 3c. This is your

Line 8. Enter the number of W-2 forms attached to the

calendar year withholding.

Form 967.

Line 4. Subtract line 3 (line 3d for split-monthly filers) from

Line 9. Enter the number of 1099s with Idaho withholding

line 2. This is your remaining tax due or (overpayment).

attached to the Form 967.

If line 2 is larger than line 3, you have underpaid your Idaho

withholding and will owe additional tax. If line 3 is larger

Check the box if you filed 1099s through the IRS by combined

than line 2, you have overpaid your withholding and may be

federal and state filing.

entitled to a refund.

Line 10. Add lines 8 and 9. Enter the total number of state-

Line 5. Enter the penalty on the balance due. If line 4 is zero or

ments submitted.

a credit, enter 0.

Penalty is calculated on any additional withholding due at

Line 11. The penalty for late filing of W-2s and 1099s is $2 per

.5% (1/2 of one percent) per month or any part of a month

month (or part of a month) for each W-2 and 1099 (minimum

after the due date of the Form 967. The minimum penalty is

$10 - maximum $2,000). Penalty is due if W-2s and 1099s are

$10; the maximum penalty is 25% of the tax due.

not received by the due date printed on the return.

Line 6. Enter the interest on the balance due. If line 4 is zero or

Line 12. Add lines 7 and 11. Enter the tax due on line 12a, or

a credit, enter 0.

the refund amount on line 12b. Do not enter information on

Interest accrues on the unpaid tax balance from the due

both lines.

date of the Form 967 to the date paid. Interest rates are:

1/1/09 - 12/31/09, 5% per year; .00013699 daily

You must sign your return to make it valid. Unsigned returns

1/1/08 - 12/31/08, 7% per year; .00019126 daily

may result in the delay or denial of credits or refunds.

1/1/07 - 12/31/07, 7% per year; .00019178 daily

Filing your Form 967 is the only way to report you had no

employees, paid no wages, or withheld no tax.

IDAHO STATE TAX COMMISSION OFFICES

800 Park Blvd., Plaza IV

440 Falls Ave.

Boise, Idaho 83712

Twin Falls, Idaho 83301

In the Boise Area: (208) 334-7660

Toll Free: (800) 972-7660

1910 Northwest Blvd., Suite 100

611 Wilson Avenue, Suite 5

Hearing Impaired (TDD) (800) 377-3529

Coeur d'Alene, Idaho 83814

Pocatello, Idaho 83201

1118 F Street

150 Shoup Avenue, Suite 16

Lewiston, Idaho 83501

Idaho Falls, Idaho 83402

Instructions For Form 967 - Idaho Annual Withholding Report Page 2

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