Form 967 Idaho Annual Withholding Report Instructions

$250 x 00010929 (2012 rate) x 40 days $250 x 00010929 = $0 0273225/day 1/1/10 12/31/10 5% per year; 00013699 daily 1/1/11 12/31/11 4% per year; 00010959 daily 1/1/12 12/31/12 4% per year; 00010929 daily 1099s and information returns You can file your 1099s and information returns electronically by uploading a file If you withheld Idaho income tax you must include 3a Enter the amount of income tax withheld for the period 1/1/11 to 1/15/11 This amount was reported on your 2010 Form 967 report line 3c 3b Enter current tax payments for the period of 1/16/11 to 3c Enter the tax payment amount for the period 1/1/12 to 3d Add lines 3a and 3b and subtract line 3c This is your calendar year withholding Boise ID 83707 0076 Completed W 2 forms and any 1099s with Idaho income tax withheld Employee's name and address Employee's Social Security number Employer's EIN (federal Employer Identification Number) Employer's Idaho withholding account number from Form 967 (do not include the " W" at the end of the number) Employer's name and address Example: Additional tax due of $250 is paid 40 days late Federal and state taxable wages Form 967 Idaho Annual Withholding Report Idaho income tax withheld Idaho State Tax Commission If line 2 is larger than line 3 you have underpaid your Idaho withholding and will owe additional tax If line 3 is larger than line 2 you have overpaid your withholding and may be entitled to a refund If payment of the tax is received after the due date of the Form 967 interest will be computed on the balance due at the appropriate rate To complete the computation multiply the tax due x the daily rate x the number of days late If you file your Form 967 late penalty will be calculated on any unpaid withholding tax due at five percent (5%) per month after the due date of the return If you file your Form 967 on time but don't pay all or part of any unpaid withholding tax due a penalty of one half percent (0 5% or 005) per month will be charged until paid in full Interest accrues on the unpaid tax balance from the due date of the Form 967 to the date paid Interest rates are: Payroll records PO Box 76 Record of Idaho Withholding Payments State abbreviation (ID) Tax year The minimum penalty is $10 The maximum penalty is 25% of the tax due W 2s with Form 967 You can file your W 2s electronically by either entering the W 2 detail online or uploading a file If you choose a file upload the specifications are available at tax idaho gov (click on Tax Preparers under Tax Professionals) Idaho requires electronic filing of W 2 forms for employers who meet the Internal Revenue Service (IRS) requirements to file electronically If employers meet the IRS requirements but have fewer than 50 employees working in Idaho the state will accept either paper or electronic filing If you meet these requirements but don't file electronically we may return your W 2 statements to you and charge a penalty x 40 days = $1 09 interest 1/15/12 1/15/12 (This amount will be included on next year's reconciliation form ) 11 03 11 1118 F Street 150 Shoup Avenue Suite 16 1910 Northwest Blvd Suite 100 440 Falls Ave 611 Wilson Avenue Suite 5 800 Park Blvd Plaza IV All copies of W 2 forms and 1099s must be legible and unaltered The forms must be for the current year and show the correct state indicator Your business name EIN and state account number must match the preprinted Form 967 Boise Idaho 83712 Check the box if you filed 1099s using the Fed/State Combined Filing Program Coeur d'Alene Idaho 83814 Combined Federal/State Filing Program for 1099s and Information Returns Complete the Record of Idaho Withholding Payments before completing Form 967 You don't need to mail it to the Tax Commission You can find the worksheet at tax idaho gov through the Forms search (choose "Withholding (for inome tax)" as the tax category) Contact Us EIN00041 EIN0041p2 Form 967 Form 967 with your file General Information for Form 967 Hearing Impaired (TDD) (800) 377 3529 IDAHO ANNUAL WITHHOLDING REPORT INSTRUCTIONS IDAHO ANNUAL WITHHOLDING REPORT INSTRUCTIONS continued Idaho Falls Idaho 83402 Idaho participates in and encourages the 1099 Combined Federal/State Filing Program If your information returns have Idaho income tax withheld you must complete Form 967 Check the combined federal/state filing box on line 9 and send the form to the Tax Commission by the last day of February IDAHO STATE TAX COMMISSION OFFICES If you e file don't send paper returns W 2s or 1099s If you file your 1099s and other information returns through the Federal/State Combined Filing Program don't file them electronically through our website and don't submit paper copies with your Form 967 If you had an active withholding account for any part of the year you must file Form 967 even if you had no employees paid no wages or withheld no tax In the Boise Area: (208) 334 7660 INSTRUCTIONS for COMPLETING Form 967 Lewiston Idaho 83501 Line 1 Enter the total Idaho taxable wages shown on the W 2s Line 10 Add lines 8 and 9 Enter the total number of statements submitted Line 11 The penalty for late filing of W 2s and 1099s is $2 per month (or part of a month) for each W 2 and 1099 (minimum $10 maximum $2 000) Penalty is due if W 2s and 1099s are not received by the due date printed on the return Line 12 Add lines 7 and 11 Enter the tax due on line 12a or the refund amount on line 12b Don't enter information on both lines Line 2 Enter the total Idaho tax withheld included on your W 2s (Box 17) and 1099s (Box 16) line 2 This is your remaining tax due (or overpayment) Line 3 For all filers except split monthly Enter the total of Idaho income tax withholding payments you made during the calendar year Line 3 For split monthly filers only Enter the total of Idaho income tax withholding payments you made during the calendar year Line 4 Subtract line 3 (line 3d for split monthly filers) from Line 5 Enter the penalty on the balance due If line 4 is zero or a credit enter 0 Line 6 Enter the interest on the balance due If line 4 is zero or a credit enter 0 Line 7 Enter the total of lines 4 5 and 6 Line 8 Enter the number of W 2 forms attached to the Line 9 Enter the number of 1099s with Idaho income tax withheld attached to the Form 967 Online Page 2 Paper Pocatello Idaho 83201 Records and Forms Needed to Complete the Reconciliation Process: Required Information for State W 2s and 1099s: Rounding Amounts Round the amounts on your return to the whole dollar Reduce amounts less than 50 cents to the whole dollar Increase amounts of 50 cents or more to the next whole dollar Statements Submitted tax idaho gov: taxes you withheld during the calendar year to the amount you paid to the Idaho State Tax Commission for the same calendar year Also use Form 967 to submit the state copy of the Forms W 2 Wage and Tax Statements and any Forms 1099 with Idaho income tax withheld to the Tax Commission Toll Free: (800) 972 7660 Twin Falls Idaho 83301 Use Form 967 Idaho Annual Withholding Report to report the total taxable wages and reconcile the total amount of Idaho Wages and Withholding Ways to File You can file electronically at tax idaho gov or send the signed and completed Form 967 with W 2s and/or 1099s to: When to File Form 967 Form 967 and W 2s and/or 1099s are due on or before the last day of February whether you're filing electronically or by paper When you file your Form 967 by paper you must attach paper W 2s and any 1099s with Idaho income tax withheld to the form Please make sure all copies of employees' W 2s and 1099s are legible especially any carbon copies Who Must File If you had an active Idaho withholding account for any part of the year or withheld Idaho income taxes during the year you must file Form 967 You must file Form 967 even if you withheld no income tax from employees' wages or if you cancelled your account during the year You can file the following online through our website at You must sign your return to make it valid Unsigned returns may result in the delay or denial of credits or refunds