Instructions For Idaho Form 72-S

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EIN00053
07-31-12
INSTRUCTIONS FOR IDAHO FORM 72-S
GENERAL INSTRUCTIONS
Column E –
County of Employment
Form 72-S is used by qualifying employers filing Form
72 to identify the specific new employees and qualifying
Enter the county where the employee was employed.
wages for the Hire One Act credit.
Column F –
Health Care Benefit Coverage
For additional information, refer to Form 72, General
Instructions.
Specify the level of health care benefit coverage provided
the employee, 80% for single coverage or 70% for family
SPECIFIC INSTRUCTIONS
coverage.
Instructions are for lines not fully explained on the form.
Column G –
Gross Wages Paid to Employee During the
Heading
Employee's Initial 12 Months of Employment
Write your name, Social Security number or Employer
Enter the total gross wages paid to the employee during
Identification Number (EIN), and ending date of the
the initial 12 months of employment. Gross wages
taxable year in the spaces provided.
does not include nontaxable fringe benefits, tips paid by
Columns A and B –
customers of the employer, or wages that are subsidized
Employee's Name, Social Security Number
through another taxpayer or program, including any
federal or state grant. For purposes of this credit, gross
In calculating the credit, the number of qualifying
wages may be earned in two different tax years.
employees for the tax year is listed on Form 72,
line 1, and the number of these employees whose wages
Column H –
Gross Wages In Counties With Unemployment Rate
will be used to compute the credit is listed on line 4.
To determine who these specific new employees are,
Equal To or Greater Than 10% To Form 72, Part III,
you need to look at the hire dates for all your qualifying
line 1a
employees listed on Form 72, line 1. The qualifying new
Enter the total amount of wages for those qualifying
employees will be those employees who were last hired
employees with an hourly wage rate of at least $12 per
(based on the date the employee first performed service
for the employer), up to the number listed on line 4. For
hour in a county with an unemployment rate equal to or
greater than 10%. Enter the amount here and on Form
example, if the number of employees for the tax year on
72, Part III, line 1a.
Form 72, line 1, is ten, but the increase on line 4 is five,
enter the last five employees hired (from the employees
included in line 1).
Column I –
Gross Wages In Counties With Unemployment Rate
Less Than 10% To Form 72, Part III, line 1b
Enter the employee's name and corresponding Social
Security number as it will appear on their Idaho income
Enter the total amount of wages for those qualifying
tax return, one employee per line.
employees with an hourly wage rate of at least $15 per
Columns C and D –
hour in a county with an unemployment rate less than
Date Hired and Date Employment Ceased
10%. Enter the amount here and on Form 72, Part III, line
1 b.
Enter the date hired and date employment ceased, if
applicable, for each corresponding employee.

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