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The basic employer forms required in Ohio include the Ohio New Hire Reporting Form, Ohio Employee's Withholding Exemption Certificate (IT-4), Federal Form W-4, and the Ohio Employer's Annual Reconciliation of Income Tax Withheld (IT-941).
To complete the Ohio New Hire Reporting Form, you need to provide information about the newly hired employee, such as their name, address, social security number, and employment start date. This form must be submitted within 20 days of the employee's hire date.
The Ohio Employee's Withholding Exemption Certificate (IT-4) is used by employees to declare their withholding allowances for state income tax purposes. It helps employers determine the appropriate amount of state income tax to withhold from their employees' wages.
Yes, if there are changes in your withholding allowances, you should update your Ohio Employee's Withholding Exemption Certificate (IT-4) and provide it to your employer. This will ensure that the correct amount of state income tax is withheld from your wages.
The Federal Form W-4 is used by employees to declare their federal withholding allowances. It helps employers determine the appropriate amount of federal income tax to withhold from their employees' wages.
The Ohio Employer's Annual Reconciliation of Income Tax Withheld (IT-941) is a form that employers in Ohio must file annually. It summarizes the total wages paid to employees, the total amount of state income tax withheld, and reconciles it with the quarterly returns previously filed.
The Ohio Employer's Annual Reconciliation of Income Tax Withheld (IT-941) must be filed by February 28th of the following year. It is important to file it on time to avoid penalties or interest charges.
If you fail to file the Ohio Employer's Annual Reconciliation of Income Tax Withheld (IT-941) on time, you may be subject to penalties and interest charges. It is best to file it by the deadline to avoid any unnecessary financial burdens.
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