State Of Missouri Employer'S Tax Guide - 2012 (Page 2 of 28) in pdf

Note: The handling and/or convenience fees included in these

General Information

transactions are being paid to the third party vendor, Collector

Solutions Inc., not to the Missouri Department of Revenue. By

accessing this filing and payment system, the user will be leaving

Please refer to specific filing re quire ments and filing due dates

Missouri’s web site and connecting to the web site of Collector

each time you receive your Withholding Tax Voucher Book of

Solutions, Inc. The web site of Collector Solutions, Inc., is a secure

reporting forms.

and confidential web site.

To ensure your tax records are protected and confidential, the

To file and pay online, please visit:

Missouri Department of Revenue will not release tax information

to anyone who is not listed in our records as an owner, partner,

member, or officer for your business. If your partners, members,

TXP Bank Project (TXP) — TXP offers another option for filing your tax

or officers change, you must update your registration with the

payments. It allows you to provide payment and report information to

Department by completing a Form 126, Registration Change Request,

your bank. The bank, in turn, converts the information into a CCD+

before tax information can be released to those new partners,

format that allows it to transfer your return information along with

members, or officers. The form can be found at

your authorized ACH credit to the Department. The option is

forms/126.pdf. If you would like the Department to release tax infor‑

available to any Missouri taxpayer filing a Form MO‑941,

mation to an accountant, tax preparer, or another individual who

Employer’s Return of Income Taxes Withheld.

is not listed on your account, please complete a Power of Attorney

Why should you use an alternative filing method? By utilizing

Form, which can be found at forms/2827.pdf.

e‑check, credit card, or TXP Bank Project for filing your

Filing Online

withholding tax return, you eliminate the possibility of postal

delays and possible late filing/pay ment fees and the cost and

Pre-Printed Voucher Booklets. Upon registering with the Depart‑

time to generate, sign, and mail returns and checks. The Missouri

ment of Revenue (Department) employers filing on a monthly,

Department of Revenue saves processing and data entry costs

quarterly or annual basis will automatically receive a pre‑printed

associated with paper filings.

voucher booklet which indicates the employer’s name, address,

To learn more about any of these alternative filing methods, please write

Missouri Tax ID number, filing frequency and return due dates.

The Department automatically mails new pre‑printed voucher

the Missouri Department of Revenue, P.O. Box 543, Jeffer son City,

booklets each tax year.

Missouri 65105‑0543, e‑mail elecfile@dor.mo.gov, or call (573)

751‑8150. Access

Employers may elect to electronically file their return rather than

to ob tain electronic filing information. Persons with speech or hear ing

use the pre‑printed forms in the voucher booklet.

Employer’s

im pair ments may use TDD (800) 735‑2966 or fax (573) 526‑1881.

wishing to opt out of receiving a voucher booklet can complete

and submit Form MO‑5311 which is located within the voucher

Filing a Return with No Tax to Report or Filing a

booklet. Any employer wishing to be added back to the annual

Quarter-Monthly Reconciliation Online

mailing of voucher booklets must contact the Department.

If you have no employer withholding tax to report, you may file a zero

Now you can file and pay Form MO‑941,

MO‑941 online at https://dors.mo.gov/tax/whtxonline/LogIn.jsp.

Employer’s Return of Income Taxes

You can also file your quarter‑monthly reconciliation online at

Withheld online using a Credit Card

https://dors.mo.gov/tax/whtxonline/LogIn.jsp.

or E‑Check (Electronic Bank Draft). If no tax

was withheld, a zero withholding tax return

Withholding Formula

may be filed online at business/withhold/.

• Updated withholding tax information is included in each

Note: You must have a valid Missouri Tax ID and PIN Number

voucher book.

to file and pay using this system, and must know the Filing Period

• The information is presented in an “easy to follow” worksheet to

for which you are filing. See description of payment methods and

calculate withholding tax.

fees below.

• Visit to try

Electronic Bank Draft (E-Check). By entering your bank routing

our online withholding tax calculator.

number, checking account number, and your next check number,

Federal Income Tax Deduction

you can pay online. There will be a minimal handling fee per filing

An individual’s federal income tax deduction is limited to $5,000

period/transaction to use this service.

($10,000 on a combined return).

Credit Card. This filing and payment system accepts MasterCard,

Magnetic Media Reporting

Dis cover, Visa, and American Express. The convenience fees listed

below will be charged to your account for processing the credit

Employers with 250 or more employees must file on magnetic

card payment:

media. See page 9 for more information.

Amount of

Convenience

Withholding Requirements for Nonresident

Tax Paid

Fee

Individual Partners and Shareholders

$0.00–$33.00

$1.00

Partnerships and S corporations may be required to withhold

$33.01–$100.00

3.00%

Missouri income tax on nonresident individual partners and

$100.01–$250.00

2.95%

shareholders. If the partnership pays or credits amounts to nonresi‑

$250.01–$500.00

2.85%

dent individual partners as distributive shares of the partnership

$500.01–$750.00

2.85%

income for a taxable year of the partnership, or if the S corporation

$750.01–$1,000.00

2.80%

pays or credits amounts to nonresident individual shareholders

$1,000.01–$1,500.00

2.75%

as dividends or as their share of the S corporation’s undistributed

$1,500.01–$2,000.00

2.70%

taxable income for the taxable year, withholding may be required.

$2,000.01 or more

2.60%

Withholding is not required if:

State Of Missouri Employer'S Tax Guide - 2012 Page 2

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