Form Rts-70 - Application For Common Paymaster (Page 2 of 2) in pdf

Form Rts-70 - Application For Common Paymaster Page 2

RTS-70

R. 04/14

Page 2

Complete the following for related corporations/LLCs.

If the related corporation/LLC has not been assigned a reemployment tax account number, you must register each

corporation/LLC not registered. To register online go to

Reemployment Tax Account Number

Legal name of corporation or LLC:

–

Note:

•

The common paymaster status must be approved by the Department before you can begin reporting as a common

paymaster.

Once approved, the effective date of the common paymaster status begins the first day of the quarter, following the

•

date of the Department’s approval letter.

•

Common paymaster status cannot be made effective retroactively.

Common paymaster status cannot be approved retroactively.

•

All members of the group will be responsible for filing their own Employer’s Quarterly Report (RT-6, formerly UCT-6)

for the quarter prior to the effective date.

•

Reporting as a common paymaster limits the amount of wages subject to reemployment tax to the current year

taxable wage base of the combined wages for concurrent employees. Quarterly reports still need to be filed for each

corporation/LLC to report any non-concurrent employees.

•

Each corporation/LLC must reimburse the common paymaster for the wages and payroll taxes paid on the

corporation/LLC’s behalf. Each corporation/LLC must also record and expense the wages and payroll tax expenses

on its own financial statements for federal income tax purposes.

Being authorized to execute this application on behalf of the corporations/LLCs named, I confirm that the information

provided is true and correct.

Signature: ________________________________________________________

Print name: ___________________________________________________

Date: _____________________________________________________________

Official position: _______________________________________________

Return address: Florida Department of Revenue

For assistance call:

P.O. Box 6510

800-352-3671

Tallahassee FL 32314-6510

Form Rts-70 - Application For Common Paymaster Page 2