THE Division of Revenue and Taxation is inviting tax preparers and interested taxpayers to the annual W-2CM workshop on Dec. 17 at the multi-purpose center in Susupe.
Every employer engaged in a trade or business who pays remuneration for the year (all amounts if any income, social security, or Medicare tax was withheld) for services performed by an employee must file a Form W-2CM for each employee (even if the employee is related to the employer) from whom:
Income, Social Security, or Medicare tax were withheld.
Income tax would have been withheld if the employee had claimed no more than one withholding allowance or had not claimed exemption from withholding on Form W-4, Employee’s Withholding Allowance Certificate.
DRT will outline the steps of preparation (i.e EWR, W-2CM, and OS-3710), deadlines, penalties, amendments, and common errors encountered.
The CNMI Department of Labor will be joining the workshop to speak on the importance of correctly and accurately filling out boxes C through F on W-2CM — Citizenship, NAICS, SOC, and Visa.
The W-2CM workshop is highly informative and gives tax professionals and business owners an opportunity to raise concerns directly with the Division of Revenue and Taxation. There will be two sessions available: morning, 830am-1130am and afternoon, 1-4pm. Registration for either session is required via finance.gov.mp or by clicking on this link: https://forms.office.com/g/msc0hwkH3y
For more information on this W-2CM workshop, contact DRT at (670) 664-1098 or revtaxinfo@dof.gov.mp/.
