Withholding Questionnaire Form - City Of Monroe printable pdf download

Withholding Questionnaire Form - City Of Monroe

Dear Monroe Business:

All employers located within or doing business in the City of Monroe are required to withhold and remit

to the City the tax of 1.5% on the qualifying wages as defined in IRS Code Section 3121 (a), generally the

Medicare Box of the W-2. Medicare exempt employees are subject to requirements for qualifying

wages.

The withholding payments are either submitted monthly (if over $300 per month) or quarterly to the

Tax Office. The due dates for monthly withholding payments are the 15

of each month following the

month of collections or for quarterly withholding payments the due dates are the 15

of April, July,

October and January. An Annual Reconciliation, along with copies of W-2’s, is due by February 28 of the

following year. If you have over 50 W-2’s, that information must be transmitted electronically on a disk

or thumb drive in the EFW2 format (same as social security with complete address for each employee).

Reconciliation must show amount withheld or should have been withheld for every other municipal

corporation.

Employers who conduct no business activity within the City of Monroe may choose to voluntarily

withhold the Monroe tax for those employees who reside within the City. This Courtesy withholding for

Monroe Residents should be an amount sufficient to bring their total local withholding to 1.5% (credit is

given to Monroe residents for local tax paid to other municipalities up to 1.5%)

Forms for monthly/quarterly remitting are available on our website at W-1’s are

for monthly quarterly remittance and the W-3 is for the annual return.

Please complete the questionnaire and return to the Tax Office within 10 days from the dates of this

letter. If you have any questions, please do not hesitate to call the Tax Office.

Sincerely,

Kristina Mayes

Tax Commissioner

Enc.

Withholding Questionnaire Form - City Of Monroe