Form Rt-800002 - Employer Guide To Reemployment Tax (Page 11 of 18) in pdf

Reporting Medium

the system computes the tax for you. This

reduces the chance of you receiving a bill due

Alternative Forms Reporting

to a calculation error.

Alternative forms reporting is when an employer uses

File early, pay on the due date. You can

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a software reproduction of a tax form. Employer

submit your electronic report and schedule

representatives often use software packages to

the payment before the due date. We will not

create these required reports. Representatives

withdraw the funds from your bank account

purchasing software packages from approved

until the date you specified.

vendors do not need prior approval to submit

reports. However, those representatives creating

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Due date reminders. Before each due

their own software will need to obtain approval

date, the Department will send you an email

from the alternative forms coordinator prior to

reminder.

submitting forms. Information on alternative forms

Immediate confirmation. You may print the

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reporting can be obtained from our website at

confirmation as proof of filing timely.

You can do a search for

“alternative forms.”

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Security and privacy. Information sent

through our website is encrypted and secure.

Electronic Reporting and Payment Requirement

We use your personal information only to

Employers are required to file their current year RT-6

conduct Department business with you.

reports and pay tax electronically if they employed

10 or more employees in any quarter during the

Timely Reporting and Payment

most recent state fiscal year (July through June). In

Correct payment and timely filing of reports will

addition, any agent who prepared and filed RT-6

reduce costs. One of the most important ways to

reports for one hundred or more employers in any

save money is to receive credit for timely reporting

quarter during the most recent state fiscal year

of taxable wages. Wages which have been

(July through June), must also file current year

reported timely are used in the computation of an

reemployment tax electronically.

employer’s tax rate. The more taxable wage credits

the employer has, the lower the benefit ratio used

To help taxpayers comply with the law, the

in the tax rate computation. The timely reported

Department offers Internet filing options that are

wage credits are divided into the benefits charged

safe, convenient, and free. Before you file and pay

to an employer’s account over a prior three-year

by electronic means, complete an online Enrollment/

period. The employer has the sole responsibility

Authorization for e-Services Program (DR-600) on

of determining whether credit is received for

our website.

taxable wages by filing reports in a timely manner.

Penalty for Failure to File Electronically

Employers with timely payments will also receive

For employers who are required to file by electronic

credit against FUTA taxes (see Federal Certification

means, failure to do so will result in a penalty of $50

paragraph on page 15).

per report and $1 for each employee. The penalty

Installment Payment Option

for failing to submit payments by electronic means is

Employers who file and pay timely are eligible to

$50 per remittance submission.

pay reemployment tax in installments, as long as

Benefits of Filing and Paying Electronically

that tax is due in one of the first three quarters of

The electronic file and pay option is available to all

the calendar year. When choosing the installment

taxpayers, not just those taxpayers who are required

payment option on the Employer’s Quarterly Report

to file and pay online. By submitting Employer’s

(RT-6), a $5.00 installment fee is required one time

Quarterly Reports (RT-6) and reemployment tax

per calendar year and must be paid with the wage

payments online, employers will enjoy these benefits:

data and first installment payment for the quarter in

which the installment election is made.

Easy information retrieval. Our system

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For more information on the installment payment

automatically populates your report with a list

of employees. You just update the list each

option, please see page 12 of this guide for an

installment chart and visit our website at:

quarter.

Fewer mistakes. You simply enter each

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reemployment.html.

employee’s total wages for the quarter and

Department of Revenue, Employer Guide to Reemployment Tax, Page 11

Form Rt-800002 - Employer Guide To Reemployment Tax Page 11

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