Periodic Tax Data Subtask

Use this subtask to manually enter specific state and local tax data for submission to CTS.

After you create a Periodic or Quarterly tax file, the Create CTS Tax File Data screen reads the appropriate table to determine whether data is assigned to a particular CTS Client ID for the period or quarter being reported and, if so, includes that data in the file.

You can also use this subtask to include the COBRA premium credit amount information when you generate the CTS Periodic Tax file.

Contents

Field	Description
Effective Date	Specify the date to which the periodic tax data applies. This date, along with the CTS client ID, is used to trigger the creation of Third-Party Sick Pay, Nebraska Advantage Wage Credit, COBRA Premium Credit, Guam COBRA Premium Credit, Puerto Rico COBRA Premium Credit, and/or Virgin Islands COBRA Premium Credit records in the Periodic CTS Tax File. If the date falls within the Periodic Paycheck Date Range specified in the Create CTS Tax File Data screen and the tax amount specified in the record is not equal to zero, that tax amount is reported for the CTS client ID. The effective date must be unique within the Periodic Tax Data table.
Third-Party Sick Pay FICA Tax	You can use this column to enter the amount of FICA Taxes on Third-Party Sick Pay for the row's CTS Client ID and Effective Date. Third-Party Sick Pay FICA Tax is reported in the Federal 240 record. Only positive amounts may be entered in this column. If this value is greater than zero, the amount is reported in the Federal 240 record of the Periodic and Quarterly tax files created by the Create CTS Tax File Data screen. If no value is entered, the field defaults to 0.00 when you save the record.
Nebraska Advantage Wage Credit	Enter the Nebraska Advantage Wage Credit amount for the row's CTS Client ID and Effective Date. Only negative amounts can be entered in this column. If less than zero, the amount is reported in the State 030 record of the Periodic and Quarterly tax files created by the Create CTS Tax File Data screen. If no value is entered, the field is populated by default with 0.00 when you save the record.
COBRA Premium Credit	If applicable to your business, enter the COBRA premium credit amount in this field. The value in this field must be a zero or a negative number. The amount is reported in the Federal 070 record generated for the Periodic CTS tax file. This field must not include COBRA premium credit amounts for Guam, Puerto Rico, or Virgin Islands.
Guam COBRA Premium Credit	If applicable to your business, enter the Guam COBRA premium credit amount in this field. The value in this field must be a zero or a negative number. The amount is reported in the Federal 100 record generated for the Periodic CTS tax file.
Puerto Rico COBRA Premium Credit	If applicable to your business, enter the Puerto Rico COBRA premium credit amount in this field. The value in this field must be a zero or a negative number. The amount is reported in the Federal 110 record generated for the Periodic CTS tax file.
Virgin Islands COBRA Premium Credit	If applicable to your business, enter the Virgin Islands COBRA premium credit amount in this field. The value in this field must be a zero or a negative number. The amount is reported in the Federal 090 record generated for the Periodic CTS tax file.