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BK-CPA
BK-CPA, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 933
Experience:  Owner of a CPA firm
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Hello Can you please help me with a NYS 45 report question? 1st

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Hello Can you please help me with a NYS 45 report question?
1st quarter 2012total remuneration paid this quarter 5461.00
remuneration paid this quarter in excess of 8500.00
00
2nd qt 2012total remuneration pd this quarter 5421.00
remuneration paid this quarter in excess of 8500.00? 2382.00
3rd qt 2012 total remuneration paid this quarter? 4826.00
remuneration paid this quarter in excess of 8500.00
since Jan 1.
i am drawing a blank can you help me with figure for 3rd quarter
thank you

Thanks for asking your question! I'm sorry to hear about your tax issue and I'm going to try my best to help you understand or resolve it.

Thanks for requesting me directly. For the third quarter, you would add together all the previous quarters and then subtract out $8,500.

So, you have 15,708 of total renumeration. That's 7,208 more than $8,500. So, the excess is 7,208

I hope this helps. Please let me know if you need further assistance. Thanks again for using JustAnswer.com and have a happy, and safe, 2013.

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You should be aware that your question, as with most tax questions, can never really be answered completely...addressing all the permutations; that is because of the many assumptions that have to be made I have done my best to determine what I think you are asking and answering it in the most direct and understandable manner possible. If, however, after reviewing the questions, you have any uncertainties or further questions, please do not hesitate to ask.

Megan C, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 16559
Experience: Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level
Megan C and 2 other Tax Specialists are ready to help you
Customer: replied 4 years ago.


Great Thank You!! That's what I thought.


 


Have a nive weekend!

You too. Please take a moment to rate my response excellent so that I may receive credit for assisting you today. Thanks again!
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Customer: replied 4 years ago.

sure will.

Hello and thank you for your question.

 

Excess wages for the third quarter are $4,826, not $7,208, and this is assuming only one employee in the business. Excess wages for the quarter are reported, not excess wages for the year. $7,208 is the year-to-date excess as of the end of the third quarter, so $7,208 should not appear on your third quarter form.

 

I hope this is helpful.

BK-CPA, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 933
Experience: Owner of a CPA firm
BK-CPA and 2 other Tax Specialists are ready to help you
Customer: replied 3 years ago.

Thank you so very much, I found out later on today that I was incorrect.


You are right.


Wonderful Thank you!