Get Kenton County Annual Reconciliation

Completing the Kenton County Annual Reconciliation is essential for employers to accurately report payroll license fees withheld. This guide provides step-by-step instructions to help you navigate the form easily.

Follow the steps to complete your annual reconciliation form online.

1. Click ‘Get Form’ button to access the Kenton County Annual Reconciliation and open it in your preferred editor.
2. Enter the year ending for which you are reconciling the fees in the designated field.
3. Type or print the employer name and address in the specified area, ensuring accuracy.
4. In Section A, report the fees remitted for each quarter: March 31, June 30, September 30, and December 31. Enter the total fees remitted across all quarters.
5. In Section B, begin with Line 1 by entering the total gross compensation paid to employees for Kenton County and its cities, excluding any compensation for services performed outside the area.
6. On Line 2, specify the total excluded compensation that exceeds the maximum taxable amount per employee.
7. Calculate the taxable compensation on Line 3 by subtracting the total excluded compensation (Line 2) from the total gross compensation (Line 1).
8. For Line 4, multiply the taxable compensation (Line 3) by the applicable tax rate for Kenton County and each city to find the total withholding fees due.
9. Enter the total fees withheld as reported on W-2s in Line 5.
10. On Line 6, provide the total fees remitted for the tax year, as calculated in Section A.
11. Finally, in Line 7, calculate the difference between the total fees remitted (Line 6) and the total withholding fees due (Line 4). Indicate the applicable box if there is a difference.
12. Review the completed form for accuracy, then save your changes. You can print, download, or share the form as necessary.

Ensure your compliance by completing your Kenton County Annual Reconciliation online today.