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How do I fill this out?

To fill out this form, gather the monthly tax withheld amounts for each month. Ensure you have the total wages paid and total number of employees. Follow the instructions carefully to avoid errors.

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How to fill out the Arkansas Employer's Annual Reconciliation Tax Form?

  1. 1

    Gather all monthly withholding amounts for the year.

  2. 2

    Fill in the actual Arkansas tax withheld in Column A.

  3. 3

    List total wages paid and total number of employees.

  4. 4

    Calculate refund or tax due based on columns A and B.

  5. 5

    Submit the form by the deadline.

Who needs the Arkansas Employer's Annual Reconciliation Tax Form?

  1. 1

    Business owners who have employees and withhold Arkansas state tax.

  2. 2

    Payroll administrators handling employee tax withholdings.

  3. 3

    Tax professionals preparing taxes for Arkansas businesses.

  4. 4

    Finance departments ensuring compliance with tax reporting.

  5. 5

    Individuals managing annual tax reconciliation for employers.

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  1. 1

    Upload the Arkansas form to PrintFriendly's PDF editor.

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What are the instructions for submitting this form?

Submit the completed Arkansas Annual Reconciliation Form via mail to the Individual Income Tax Section, Withholding Branch, P.O. Box 8055, Little Rock, AR 72203-8055. Alternatively, you can contact the department by phone at (501) 682-7290 for any inquiries. Ensure timely submission by February 28 to avoid penalties.

What are the important dates for this form in 2024 and 2025?

The important dates for filing the Arkansas Annual Reconciliation Form are as follows: by February 28, 2024, for the 2023 tax year; by February 28, 2025, for the 2024 tax year. Ensure timely submission to avoid penalties.

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What is the purpose of this form?

The purpose of the Arkansas Employer's Annual Reconciliation Form is to ensure that businesses report the correct amount of income tax withheld from employees throughout the year. This form provides a comprehensive view of withholding activities and allows for the reconciliation of tax payments versus withholdings. By submitting this form, employers can maintain compliance with Arkansas state tax laws.

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Tell me about this form and its components and fields line-by-line.

The form contains fields for employer information, tax withheld per month, total wages, and employee count.
fields
  • 1. FEIN: Federal Employer Identification Number for the business.
  • 2. Name: Legal name of the business.
  • 3. Address: Business address for communication.
  • 4. City: City where the business is located.
  • 5. State: State where the business operates.
  • 6. Zip: Postal code for the business address.
  • 7. MONTH: Months of the year for reporting tax withheld.
  • 8. TAX WITHHELD (A): Actual taxes withheld for each month.
  • 9. TOTAL: Cumulative total for the year.
  • 10. REFUND DUE: Amount the employer expects to receive back.
  • 11. TAX DUE: Additional taxes owed by the employer.
  • 12. TOTAL WAGES PAID: Total amount of wages paid to employees.
  • 13. TOTAL EMPLOYEES: Count of employees during the reporting period.
  • 14. Date: Date the business ceased withholding taxes, if applicable.
  • 15. Telephone Number: Contact number for the business.

What happens if I fail to submit this form?

Failure to submit this form may result in penalties and interest on unpaid taxes. Employers may be subject to audits and additional scrutiny from tax authorities. It's crucial to ensure timely submission to avoid these consequences.

  • Penalties: Failure to submit on time can lead to financial penalties.
  • Interest Charges: Unpaid tax amounts may accrue interest.
  • Potential Audits: Late submissions can trigger audits by tax authorities.

How do I know when to use this form?

Use this form when you are preparing your annual tax reconciliation for Arkansas. It is required when you have withheld income tax from employee wages during the tax year. Ensure it is completed for tax compliance and reporting.
fields
  • 1. Annual Tax Reporting: Filing is necessary for annual tax reconciliation.
  • 2. Employer Compliance: Maintaining compliance with Arkansas tax laws.
  • 3. Employee Tax Documentation: Providing accurate withholding records for employees.

Frequently Asked Question

What is the purpose of the Arkansas Annual Reconciliation form?

This form is used by employers to reconcile state tax withheld from employee wages.

When is the deadline for submitting this form?

This form must be submitted by February 28 of the year following the tax year.

Can I edit this PDF online?

Yes, you can easily edit this form using PrintFriendly's PDF editor.

What should I do if I have stopped withholding taxes?

You must indicate the date you ceased withholding taxes on the form.

How do I calculate the refund or tax due?

Subtract the total tax paid from the total tax withheld to determine if you owe or are due a refund.

Can I sign the PDF electronically?

Yes, PrintFriendly allows you to sign PDFs directly within the editor.

How can I share my completed PDF?

You can share your edited PDF using a link or email it directly from PrintFriendly.

Is this form used for all Arkansas businesses?

Yes, any business withholding Arkansas state tax must complete this form.

Do I need to include W-2 information?

Yes, the total Arkansas tax withheld should align with W-2 amounts.

Where do I submit this form?

Mail it to the Individual Income Tax Section, Withholding Branch, P.O. Box 8055, Little Rock, AR 72203-8055.

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Arkansas Employer's Annual Reconciliation Tax Form

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