Get Cn-1 Employerindividual Quarterly Return Of License Fee

This guide provides comprehensive instructions for completing the CN-1 Employer/Individual Quarterly Return Of License Fee online. By following these steps, you will ensure that you fill out the form accurately and submit it on time.

Follow the steps to complete the CN-1 form accurately.

1. Click ‘Get Form’ button to obtain the form and open it in the appropriate editor.
2. Enter the number of employees you had during the reporting period in the designated field.
3. Provide the total salaries, wages, commissions, tips, and other compensation in the space labeled 'Total Salaries, Wages, Commissions, Tips and other Compensation.'
4. Indicate the specific quarter ended and the due date for the return.
5. In the section for 'Less Compensation exempt from taxation', fill in any compensation amounts that are exempt.
6. Calculate the taxable earnings by subtracting the exempt compensation (Line 2) from the total salaries (Line 1).
7. Compute the tax due by multiplying the taxable earnings (Line 3) by the tax rate of 2.5%.
8. If applicable, enter any credits or overpayments you have on Line 5.
9. Determine the net taxes due by subtracting any credits or overpayments (Line 5) from the tax due (Line 4).
10. If there is a balance due on Line 2, attach the required supporting documentation, including names, Social Security numbers, and amounts.
11. Finally, review the form for accuracy, and if everything is correct, you can save changes, download, print, or share the form as necessary.

Complete your CN-1 form online to ensure timely filing and compliance.