Form Dor-4282 - Employer'S Tax Guide - Missouri Page 7
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44payroll ledger or Form W-2s. A refund or credit will be
Form MO-941 is due by the 15th day of the following month,
issued by the director for any excess remittance over the
except for the third month of a quarter which is due the last day of
actual amount due for a period. An employer cannot take
the following month.
a credit for an overpayment until he/she has received an
Any employer who has been placed on a quarter-monthly filing
overpayment notice from the Director of Revenue.
frequency who has not had two (2) months in the prior 12
months of $9,000 or more may request permission from the
2. Claims for overpayment must be filed within three (3) years
Missouri Department of Revenue to file and pay on a less fre-
from the date the return was filed or two (2) years from the
quent basis. An employer must file and pay on a quarter-
date the tax was paid, whichever period expires later. If no
monthly basis for a minimum of twelve (12) months before
return was filed by the taxpayer, a claim for credit or refund
requesting a change in filing frequency.
must be filed within two (2) years from the time the tax was
paid. No claim for credit or refund will be allowed after
the expiration of the period of limitation prescribed in
13. Under and Over Reporting of Withholding
Section 143.801, RSMo.
A. Underpayments
Forms may be obtained from the Office of Accounting and Support,
1. If withholding tax has been under reported in any one (1)
P.O. Box 3022, Jefferson City, MO 65105-3022, or call (800)
period, the employer must file a Form MO-941U,
877-6881; or they are furnished in your coupon book.
Employer’s Withholding Tax Underpayment Amended
Return. Interest and additions to tax will be imposed on
14. Employer Compensation
the underpaid portion according to established proce-
dures. However, no penalty for underpayment of any
Employers, except the U.S., the state of Missouri and all agencies and
amount required to be paid, will be imposed on any
political subdivisions of the state of Missouri or the United States
employer for failure to comply with the quarter-monthly
Government, may deduct and retain as compensation from remit-
filing requirements for the first two (2) months the
tances made to the Director of Revenue on or before the respective
employer is obligated to make quarter-monthly payments.
due dates for the payment involved, the following percentages of the
total amount of tax withheld and paid annually.
2. If a quarter-monthly filer, a penalty of 5%, in lieu of all
other penalties, interest or additions to tax imposed by the
YEAR-TO-DATE TOTAL
AMOUNT OF COMPENSATION
statutes, will be charged on the amount of underpayment.
JANUARY–DECEMBER
The penalty of 5% for underpayment will not be imposed
2%
0 to $5,000
if one (1) of the following exceptions is met:
1%
$5,001 to $10,000
1/2%
In Excess of $10,000
a) Payment of at least 90% of the actual amount required
to be remitted for the period.
This is an annual accumulative total. After employers withhold
Example: Actual tax withheld was $10,000 less timely
$10,000, they are entitled to 1/2% compensation for the balance of
filing compensation deduction of $150, leaving a
the year.
liability of $9,850. The payment must be at least
$8,865, ($9,850 X 90%) to avoid the 5% penalty; or
The employer is not entitled to compensation if payment is not
made on or before the due date. If the compensation deduction is
b) The employer’s timely remittance for the quarter-
allowable, the deduction must be deducted on each return filed.
monthly period equals or exceeds one-fourth (1/4) of
the average monthly withholding tax liability of the em-
ployer for the preceding year. The month of the highest
15. New Jobs Training Credit
liability and the month of lowest liability shall be
Employers and junior college districts may enter into a cooperative
excluded in computing the average. This exception
agreement establishing new jobs training projects with the approval
may be used only if the employer has a withholding tax
liability for at least six (6) months of the previous calen-
of the Missouri Department of Economic Development. The
dar year.
program costs may be met by receipt of new jobs credit from with-
holding. An employer interested in this program should contact the
Example: The employer had $150,000 withholding in
Missouri Department of Economic Development, P.O. Box 1157,
the preceding year for the 12-month period. The
Jefferson City, MO 65102-1157.
highest and lowest months’ withholding were a total of
$30,000. The average quarter-monthly liability is
$3,000 ($150,000 – $30,000 = $120,000. $120,000 ÷
16. Delinquent Returns and Payments — Penalty,
10 = $12,000. $12,000 X .25 = $3,000). If the
Interest, Additions to Tax
employer was in business for at least six (6) months, but
less than 12 months, use the actual months’ amounts
1. Interest at the rate of 8% for calendar year 1999,
less the highest and lowest and divide by the remaining
(.0002192 daily rate computation) must be included on
months to determine the average month.
all payments of tax not filed on a timely basis pursuant
to Section 143.731, RSMo. Interest is subject to change
B. Overpayments
on an annual basis pursuant to Section 32.065, RSMo.
1. If withholding tax has been over reported in any one (1)
period, the employer must file an amended Missouri with-
2. An employer’s failure to file a required return timely,
holding tax return Form MO-941X with the Missouri De-
unless due to reasonable cause and not to willful
partment of Revenue. A Form MO-941X, Employer’s
neglect, will result in additions to tax of 5% per month
Amended Withholding Tax Return, must be filed along
or fraction thereof, not to exceed twenty five percent
with supporting documentation; such as a copy of your
(25%) per Section 143.741(1), RSMo.
7
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