Get Tax Year 2020 - Form Mw508a Annual Employer Withholding Reconciliation Report. Form Mw508a Annual

This guide provides clear and detailed instructions for filling out the Tax Year 2020 - Form MW508A Annual Employer Withholding Reconciliation Report. Form MW508A Annual is essential for employers to reconcile their withholding taxes with the state of Maryland.

Follow the steps to accurately complete the form online.

1. Click ‘Get Form’ button to access the Tax Year 2020 - Form MW508A and open it in your preferred editor.
2. Enter your Federal Employer Identification Number (FEIN) in the designated field.
3. Provide your name exactly as it appears on your IRS documentation.
4. Indicate if this is an amended return by checking the appropriate box.
5. Specify the tax year for which you are filing the report.
6. Enter the corresponding Corrected NAICS Code if applicable. If this is the first submission, leave it blank.
7. Attach all Maryland copies of W-2/1099R forms and enter the total number of forms attached.
8. Input the total Maryland withholding tax reported on MW506 for the current tax year.
9. Enter the total state and local tax amounts combined as reflected on your W-2/1099R forms.
10. Provide the total withholding tax paid during the year.
11. Enter the total tax exempt credit, noting that MW508CR must be attached to claim this credit.
12. Calculate the amount of withholding tax due by subtracting the total withholding tax paid and the tax exempt credit from the total state and local tax.
13. If the result is negative, enter the positive difference as an overpayment under the specified line.
14. Specify how much of the overpayment you would like to apply as a credit.
15. Indicate the amount of overpayment you wish to have refunded to you.
16. Review all entries for accuracy before submitting.
17. Save changes, download the completed form, print it, or share it as needed.

Complete the Tax Year 2020 - Form MW508A Annual online today to ensure accurate reporting of your withholding taxes.