Instructions For Form W-3n - Nebraska Reconciliation Of Income Tax Withheld

ADVERTISEMENT

INSTRUCTIONS
imposed for failure to timely remit income tax withheld.
WHO MUST FILE. Every employer or payor withholding
Penalty and interest are due with this form only if a balance
Nebraska income taxes from employees or payees must file
a Nebraska Reconciliation of Income Tax Withheld,
due is shown on line 13. If line 13 is zero or a credit, do not
Form W-3N. If a person is licensed for withholding, a
compute lines 14 and 15.
Form W-3N must be filed even if no payments were made
Penalty is five percent of the amount due on line 13. Interest
which were subject to withholding or the license was
is at the rate shown on line 15. Compute by calculating the
cancelled during the year.
number of days from February 1 to the date of payment. Use
the following formula to calculate the interest due.
WHEN AND WHERE TO FILE. Attach the Nebraska
copies of the following forms for each employee or payee
Tax due (line 13) multiplied by interest rate multiplied
from whom Nebraska income tax has been withheld:
by number of days divided by 365.
A penalty of $2.00 per statement, not exceeding $2,000.00,
1.
Wage and Tax Statement, Federal Form W-2;
may be imposed by the Nebraska Department of Revenue for
2.
Statement for Recipients of Certain Gambling
failure to file the state copy of Federal Forms W-2, W-2G,
Winnings, Federal Form W-2G;
1099-R, or 1099-MISC on or before the due date of Form
3.
Distribution from Pensions, Annuities, Retirement
W-3N.
or Profit-Sharing Plans, IRA’s Insurance Contracts,
SPECIFIC INSTRUCTIONS
etc., Federal Form 1099-R; and
LINES 2 THROUGH 5. Enter the total Nebraska income
4.
Statement for Recipients of Miscellaneous Income,
subject to withholding as shown on all Federal Forms W-2,
Federal Form 1099-MISC.
W-2G, 1099-R, and 1099-MISC. When entering on lines 2
through 5, only include amounts once. These lines must be
Form W-3N is considered timely filed if postmarked on or
completed regardless of the method used to file the
before March 15 of the following year.
Forms W-2, W-2G, 1099R, and 1099-Misc., i.e., actual
Form W-3N is mailed separately from the fourth quarter
forms, magnetic tape, or computer printout.
Nebraska Quarterly Withholding Return, Form 941N.
LINE 5. Enter the amount of nonemployee compensation
Include a check or money order payable to the Nebraska
which was subject to withholding as nonresident personal
Department of Revenue for the amount shown on line 16. Do
service payments. Amount entered should be the gross
not send any other remittance with the Form W-3N.
amount of payment before deduction for expenses.
Large numbers of Federal Forms W-2 may be mailed in
LINES 8 THROUGH 10. The amounts for these lines have
consecutively numbered packages. Identify each package
been completed with the amounts of tax reported on the
with the employer’s name and the number of the package,
quarterly returns received and processed by this department.
such as “2 of 5.” Enclose Form W-3N in the first package.
Do not change any of these amounts without first contacting
Forms W-2, W-2G, 1099-R, and 1099-MISC submitted with
the department at (800) 742-7474 or 471-5729. These
Form W-3N must be separately batched and labeled. Also
amounts are tax only. No payments of penalty and interest
batch and label separately any 1099-MISC issued to
can be applied to the tax due.
nonresident individuals performing personal services for
LINE 11. Enter only the amount of tax reported on line 4 of
which Nebraska income tax has been withheld.
the Form 941N for the tax period ending December 31.
All packages must be mailed to the Nebraska Department of
Annual filers enter the amount of tax reported for the entire
Revenue, P.O. Box 94818, Lincoln, Nebraska 68509-4818.
year. Do not include any penalty and interest paid with your
AN EXTENSION OF TIME to file Form W-3N can be
Form 941N.
obtained by writing to the department. The request should
LINE 16. Any balance due of $2.00 or more must be paid.
include the employer’s or payor’s state identification
LINE 17. Any amount entered as an overpayment must be
number and the period of time for which an extension is
explained in the space provided. As part of the explanation,
requested. An extension ordinarily is granted for a period
include the total Nebraska income tax withheld for each
not to exceed 45 days from the original due date.
quarter and the total Nebraska income tax paid to the
Any extension granted does not apply to the time allowed for
department for each quarter.
submitting to employees or payees their copy, in duplicate,
An overpayment of $2.00 or more will be transferred to the
of Form W-2, Form W-2G, Form 1099-R, or Form
next tax year. The department will verify the credit and enter
1099-MISC. The employee’s copy must be received by
it on your preidentified Form 941N. Do not use the
February 15 following the close of the calendar year, or
resulting credit until it appears on line 10 of your
within 30 days after the last payment of wages if
preidentified Form 941N.
employment is terminated before the close of the year and
the employee makes such request in writing.
An overpayment of $2.00 or more will be refunded if this is
your final return or you indicate in your explanation that the
PREIDENTIFIED RETURN. Form W-3N is used only by
overpayment exceeds the amount of tax you expect to owe
the employer or payor whose name is printed on it. If you
next year.
have not received a preidentified Form W-3N for the
SIGNATURES. Form W-3N must be signed by the
reporting period, request a duplicate from the department.
taxpayer, partner, or corporate officer. If the taxpayer
Do not file Forms W-3N which are photocopies, are from
authorizes another person to sign the form, there must be a
other tax periods, or are not preidentified. If the business
power of attorney on file with the department.
name, location, or mailing address is not correct, mark
through the incorrect information and plainly print the
Any person paid for preparing a taxpayer’s Form W-3N must
correct information.
also sign the form as preparer.
PENALTY AND INTEREST. Penalty and interest are

ADVERTISEMENT

00 votes

Related Articles

Related forms

Related Categories

Parent category: Financial
Go