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Form 940 (Schedule R) online Topeka Kansas: What You Should Know
The withholding tax is calculated by taking the sum of the employee's and the employer's Kansas tax and applying the following rules: The gross amount taken into account of taxes withheld under (federal) Section 6012 is reduced by any state withholding tax. (The other states may charge different withholding rates.) If the withholding amount and the net amount of tax are the same, a payment may be made in cash or on a check. If the withholding amount and the net amount of tax are different, a payment may be made electronically in any medium of payment accepted by the employer that will pay the tax to the appropriate party. If this payment option is not taken, the withholding tax is estimated based on the average of the net amount of the tax withholding from the past calendar year. Forms 941 and Form 940 are both filed at the end of the tax year and must be filed with federal and state tax returns. If the IRS requires you to file a return, you may request an extension to file a Schedule R (Form 940) with federal tax. The withholding tax and federal tax on withholding are treated as income for purposes of the Kansas income tax. Forms 941 and Form 940 both must be completed for each withholding payment the employee should make. The payment of tax withheld must be on a Form 5329A as a separate transaction. The Schedule R also identifies payment amounts that must be reported. Form 941 must be completed and included with any check received by the employer that is to be used to make the payment. Schedule R is a tax return preparation service, but it can produce the following information for each tax return: Net amount of tax withheld (includes employer and employee contribution to the combined payment) Gross income of the employee Gross income earned by and before tax year Total payment amount (including all withholding) Gross income that is not federal tax (including any refund, credit or other payment the employee is receiving from federal or state sources) Exempt income information (income below the level of filing) Net withholding information (including employer's tax and withholding) Total income (excluding gross income above this) Tax Forms and Publications — Topeka — American Tax Service KW-100 Withholding Tax Guide Rev. 6-21 KW-100 Withholding Tax Guide Rev.
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