To submit this form, employers can choose to file electronically via the Taxpayer Access Point (TAP) or participate in the FSET program if using compatible software. Employers filing less than 25 returns on paper must mail the Mississippi Annual Information Return and all W-2s and 1099s to the Department of Revenue, PO Box 960, Jackson, MS 39205-0960. For more information or assistance, contact the Income & Franchise Tax Bureau at 601-923-7700. Ensure all forms are complete and accurate before submission. It is highly recommended to use electronic filing for faster processing and to avoid potential penalties.

The important dates for this form submission in 2024 and 2025 include January 31st for the previous year's W-2 and 1099 submissions, April 15th for annual tax return filings, and the 15th of each month for monthly report submissions. Deadlines may vary, so always confirm with the Mississippi Department of Revenue.

The purpose of the Mississippi Employer Withholding Tax Tables and Instructions is to provide employers with the guidelines and tools needed to accurately withhold state income tax from employees' wages. This document helps ensure compliance with Mississippi tax laws by outlining the requirements for filing, reporting, and remittance of withheld taxes. Following these instructions helps employers avoid penalties and maintain accurate tax records.

• 1. Employer's Account Number: A unique number assigned to each employer for identification purposes.
• 2. Employee's Account Number: A unique number assigned to each employee for identification and tracking.
• 3. Taxable Wages: The total amount of wages subject to state income tax withholding.
• 4. Withholding Exemption Certificates: Forms completed by employees to claim exemptions from withholding.
• 5. Filing Status: Indicates the employee's filing status for tax purposes (e.g., single, married).
• 6. Exemptions: The number of exemptions claimed by the employee, which affects the withholding amount.
• 7. Deductions: Allowable deductions that reduce the employee's taxable income.
• 8. Tax Rates: The applicable tax rates used to calculate the withholding amount based on taxable income.

Failing to submit the required forms can result in penalties and interest charges for employers. Ensuring timely and accurate submission helps avoid these potential issues.

• Penalties: Employers may incur penalties for late or non-compliance with submission requirements.
• Interest Charges: Interest may be charged on any unpaid tax amounts due to late submission.

• 1. Regular Payroll Processing: Use this form during regular payroll processing to calculate the withholding amounts for each employee.
• 2. Annual Reporting: Employers must use this form when preparing annual tax reports and submitting W-2 and 1099 forms.
• 3. Quarterly Tax Filings: Use this form for quarterly tax withholding filings to report withheld amounts to the state.
• 4. Monthly Withholding Reports: Employers must submit monthly withholding reports using this form to ensure compliance with state tax laws.