From the course: Business Tax Foundations
Unlock the full course today
Join today to access over 22,600 courses taught by industry experts or purchase this course individually.
State W3s: The other W3 form
- [Instructor] In addition to your federal W3, you also have to file a state W3. The rationale is exact the same as with the federal government. State authorities want to minimize tax fraud, and you want to avoid fines and penalties. The state W3 will vary across states, and in many cases it's available online. But let's take a look at one paper example from my home state of Connecticut. So we have here the W3 for the state of Connecticut, and again we'll just fill in our name, address, city, state, and zip code. One key point, you've not only got to fill in your own federal EIN, but you'll also have to fill in a state registration number. You should've gotten one of these numbers when you filed with the state, and their department of revenue services in the first place to be able to pay taxes. So you'll need to make sure that you fill in both your state tax registration and the federal EIN. From there you need to record all of the wages paid to employees in that particular state. If…
Practice while you learn with exercise files
Download the files the instructor uses to teach the course. Follow along and learn by watching, listening and practicing.
Contents
-
-
-
-
Creating W2s2m 38s
-
(Locked)
What's in a W2?3m 5s
-
(Locked)
Submitting your W33m 9s
-
(Locked)
W3 filings with the government2m 3s
-
(Locked)
State W3s: The other W3 form2m 10s
-
(Locked)
Form 1099: The different types5m 56s
-
(Locked)
1099-INT forms2m 48s
-
(Locked)
K-1s: For partnerships and investments4m 6s
-
(Locked)
The 940 form5m 6s
-
(Locked)
Record keeping and ordering tax forms4m 17s
-
-
-
-