Employers guide to filing timely and accurate form 499r2w. Once form 499r 2 w 2pr is filed with the department, the employer must deliver two copies to the employee no later than january 31 of the year following the calendar year of the withholding. View, download and print reminders for 499r 2 w 2pr pdf template or form online. This program assigns the control numbers automatically to all forms after the electronic filing.
This program generates files used by tax collector companies. Jun 19, 2020 the portion of severance pay on or below the act 80 amount is reported as taxexempt salary pay in box 16 of the employees local form w 2 officially named form 499 2 w 2pr, withholding statement under the compensation code i, compensation or indemnification paid to an employee due to dismissal under section 1031. Exempt salary codes the 2019 form 499r 2 pr w 2 added additional exempt salary codes. Jun 04, 2019 i have a 499r 2 w 2pr from working in puerto rico. Form 499r 2 w 2pr 2020 pdf fill online, printable, fillable, blank. Puerto ricos taxation of severance payments ogletree. The electronic application is available through the departments website. As a result, you can download the signed publication 18 03 to your device or share it with other parties involved with a link or by email. This program generates the files with the information of the withholding statements and reconciliation statement of income tax withheld forms 499r 2 w 2pr, 499r 2c w 2cpr and 499r 3, informative returns. Instructions for filing form 499r 2 w 2pr copy a w 2 information to the department of the treasury through electronic transfer using the mmw2pr1 format. Dec 20, 2018 for tax year 2018, employers in puerto rico will be required to report certain severance payments, as discussed further below, as exempt wages on withholding statement form 499r 2 w 2pr the puerto rico equivalent of the us w 2 form pr form w 2, 1 as opposed to form 480. It is essential that the 499r 2 w 2pr forms for the proper tax year be used. Yes, and we encourage you to use these instructions.
Therefore, if you file such form using magnetic media, they will be considered as not filed. Whats new all transactions related to withholding taxes will be managed electronically through the internal revenue integrated system suri. Securely download your document with other editable templates, any time, with pdffiller. While the file may still be rejected by the ssa or the department, the likelihood of this will be greatly reduced. Be sure to enter in the code e0 record employee wage record, location 328335, theoriginal co ntrol number assigned by the department of the treasury for the w 2 that is being correct ed. Mandatory electronic filing you must file all employee wages records electronically through suri using efw2pr format. Due date wage records for tax year 2020 are due february 1, 20211. Accessing 499r 2 for 2012 form 499r 2 w 2pr and 499r 3 processing is accessible from vaults utility menu under the year end reporting function.
Whats new a box was added to include the disaster assistance qualified payments according to administrative determination 1721. General instructions purpose of form use form 8959 to figure the amount of additional medicare tax you owe and the amount of additional medicare tax withheld by. Specifically, the informative bulletin announced changes to form 499r 2 w 2pr to, among other things, add a new exemption code i to be used to report these payments in box 16,16a and 16b of the form. New filing rules w2prs and informative returns grant thornton. On the same date, the employer must also submit form 499r 2 w 2pr together with form w. Developer guide form 499r2cw2cpr electronic filing. Changes to reporting requirements for severance payments in. Send this entire page with forms 499r 2 w 2pr to the social security administration ssa. W 3pr even if you are filing only one form 499r 2 w 2pr. Nov 22, 2017 the puerto rico treasury department issued the publication 1704 including the new electronic filing requirements for forms 499r 2 w 2pr for 2017.
Electronic filing requirements for tax year 2020 grant. Any amount on line 45 or line 50 of form 2555, foreign earned income. Modified fields the 2019 form 499r2pr w2pr added boxes c and d. Puerto rico has released 2017 versions of form sc 2720, form 499r 2 w 2pr, form 499r 2c w 2cpr. The extension will be made available on the suri portal after january 1, 2020. Form 499r 2 w 2pr 2019 pdf fill online, printable, fillable. Modified fields the 2019 form 499r2pr w 2pr added boxes c and d. This program generates the files with the information of the withholding statements and reconciliation statement of income tax withheld forms 499r 2 w 2pr, 499r 2c w 2cpr and 499r 3, informative returns forms 480.
Make them reusable by making templates, add and complete fillable fields. Changes to reporting requirements for severance payments. Any amount excluded from income because of the exclusion of income from puerto rico. Selecting year end reporting displays the yearend processing window. Withholding statement 499r 2 w 2pr and reconciliation statement of income tax withheld 499 r 3 starting in tax year 2015. All forms 499r 2 w 2pr are required to be filed electronically using puerto ricos suri portal, the specifications said. Accordingly, for the 2018 tax year, employers must report severance payments excludable from income on form 499r 2 w 2pr. Puerto ricos taxation of severance payments ogletree deakins. Send this entire page with forms 499r2w2pr to the social security. To access the whole document, download the form 499r 2 w2pr magnetic media reporting requirements from the hacienda webpage.
The puerto rico treasury department issued informative bulletin 1818 with the new electronic filing requirements for forms 499r 2 w 2pr and informative returns for 2018. Fill out blanks electronically using pdf or word format. Accordingly, for the 2018 tax year, employers must report severance payments excludable from income. Employers with 5 or more w 2 forms to submit using private programs, that is, any program other than our haciendas web program. Puerto ricos treasury department announces implementation of. Electronic filing requirements for forms 499r2w2pr grant. Al extremo izquierdo, seleccione imprimir formulario w 2pr yo informativas 5. No envie ningun pago efectivo, cheques, giros, etc. The deadline to file the 2019 form 499r2w2pr with the puerto rico treasury department is january 31, 2020.
The puerto rico hacienda recently released forms 499r 2 and 499r 2c for tax year 2018. You will be penalized by th e department of the treasury. While there are some slight changes in wording and updated contact information to the newly released forms, the most significant change is the addition of a new code f to form 499r 2 w 2pr. Puerto rico releases forms 499r2 and 499r2c for tax year. Fill out, securely sign, print or email your form 499r 2 w 2pr instantly with signnow. The deadline to file the 2019 form 499r 2 w 2pr with the puerto rico treasury department is january 31, 2020.
They have taken federal taxes out as well as medicare taxes, how do i file and must i file if i am not a pr resident. Do whatever you want with a developer guide form 499r 2 w 2pr. Electronic filing requirements for forms 499r2w2pr. Users of this publication employers submitting form 499r 2c w 2cpr by text file.
The prtd made the following changes to forms 499r2w2pr, 499r2cw2cpr, 480. Oct 03, 2019 puerto ricos electronic filing specifications for 2019 forms 499r 2 w 2pr, withholding statement, were released oct. Note a form 499r 2 r3 entry is displayed only if there is a history of such earnings during the report year. The irs recommends retaining copies of these forms for 4 years. If the w 2 s were filed using a program via electronic transfer, the w 2cs must be filed according to the requirements of this publication. However, make a copy of form w 3pr to keep with copies of your forms 499r 2 w 2pr. Two new fields have been incorporated to the form to indicate if the remuneration includes. Mandatory electronic filing you must file all corrected withholding statements electronically through suri using efw2cpr format. Instructions for filing form 499r 2 w 2pr copy a w 2 information to the department of the treasury on cd using the mmw2pr1 format. Send this entire page with forms 499r 2 w 2pr to the social security. These forms are the puerto rico equivalent of the w 2 and w 2c respectively, and must be filed with the hacienda and the social security administration by every employer that has paid wages with income tax withheld for puerto rico or to correct any. May i use these instructions if i have fewer than 10 w 2s. Also attach a copy of any forms 499r 2 w 2pr to your return. Withholding 499r 2 w 2pr for employees of central government automatic extension of corporations and other entities 2012 debt certification for individuals and corporations.
Sign, fax and printable from pc, ipad, tablet or mobile with pdffiller instantly. On the dotted line next to form 1040, line 38, enter the amount excluded and identify it as epri. For instructions on how to file forms w2pr on magnetic media, click here extract from the original publication. Form 499r2cw2cpr electronic filing requirements for tax. Do not file a photocopy of form w 3pr with the ssa. Register online if you do not currently have an account in suri, you must register. Approve documents by using a lawful digital signature and share them via email, fax or print them out.
W 2 s, have the option to also file the w 2cs using the same program. Make sure that both form w 3pr and form 499r 2 w 2pr show the correct tax year and employer identification number ein. Employers with 3 or more w 2 forms to submit using private programs, that is, any program other than our haciendas web program. A 30day extension is available by filing form as 2727, request for extension of time to file the withholding statement and reconciliation statement of income tax withheld, through suri. The 2020 form 499r 2 w 2pr, which is used to inform the wages of the employees. Complete a blank sample electronically to save yourself time and. If you own an ios device like an iphone or ipad, easily create electronic signatures for signing a form 499r 2 w 2pr in pdf format. Instructions for filing form 499r 2 w 2pr copy a w 2 information to the department of the treasury on magnetic media using the mmw2pr1 format. Reminders for form 499r2w2pr printable pdf download.
What if i have 5 or more w 2s and i send you paper w 2s. Make them reusable by creating templates, include and fill out fillable fields. How to generate an electronic signature for the form 499r 2 w 2pr on ios devices. However, make a copy of form w 3pr to keep with copy d for employers records of your forms 499r 2 w 2pr. Do not file the downloaded form from this website with the ssa. Complete blanks electronically utilizing pdf or word format. Errors common to paper form 499r 2 w 2pr reports prior tax year form usede.
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