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How to fill out the MTA-305 online
Filling out the MTA-305, the Employer’s Quarterly Metropolitan Commuter Transportation Mobility Tax Return, online can seem daunting. This guide will provide you with clear, step-by-step instructions to assist you throughout the process.
Follow the steps to correctly complete the MTA-305 online.
- Click the ‘Get Form’ button to obtain the form and open it in the editor.
- Enter your legal name, business mailing address including ZIP code, and your employer identification number (EIN). Ensure that your business mailing address is accurate as it will be used for correspondence.
- Identify your covered employees by applying the localization, base of operations, place of direction and control, and residence tests as detailed in the instructions.
- Calculate your total payroll expense for all covered employees for the quarter.
- On line 1, enter the total payroll expense. If your total is not greater than $312,500, enter 0 on line 2.
- Multiply the total payroll expense by the specified percentage based on the payroll amount, and enter the result on line 2.
- Enter the total payments made during the quarter on line 3, including any MCTMT overpayment from the previous quarter.
- Subtract the amount on line 3 from line 2 to determine the total MCTMT balance due for the quarter on line 4.
- Mark the appropriate box if you are filing an amended return and complete with the corrected information.
- Review all entries for accuracy, sign and date the return, and enter your contact number.
- Final step: Save changes, download, print, or share the completed form as needed.
Start completing your MTA-305 online today!
In tax terms, MTA stands for Metropolitan Transportation Authority. This authority oversees public transportation in the New York City area, and their funding is partially supported by the MCTMT tax. When you deal with the MTA 305, you engage directly with matters concerning the authority and your tax responsibilities.
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