 |
City of Stow
Division of Taxation
P.O. Box 3649
Akron, Ohio 44309
Phone: 330-689-2849
Fax: 330-689-2847 IMPORTANT TAX INFORMATION
www.stowohio.org
2024 EMPLOYER MUNICIPAL WITHHOLDING BOOK
PAYMENTS CAN ALSO BE MADE THROUGH THE OHIO
BUSINESS GATEWAY AT HTTPS://OHIOBUSINESSGATEWAY.OHIO.GOV
|
|
INSTRUCTIONS FOR PREPARING AND FILING FORM SW-1
WHO MUST FILE: (0.833% per month or fraction thereof). The interest rate is based on the
Every business entity which conducts business within the corporate Federal rate and may change each year. In addition, employers required to
limits of the City of Stow, regardless of where that entity is located, withhold taxes from employees, may impose a penalty not exceeding
is required to withhold tax from all compensated employees at the time 50% of the amount not timely paid and a late file penalty of $25.
or times such compensation is paid, or in the case of any type of Failure to File Return and Pay Tax
deferred compensation, when such compensation is earned. Any individual, firm or corporation who fails, neglects or refuses to
Definition of “Taxable Earnings” file a return, who refuses to pay the tax, penalties and interest imposed,
The term “Taxable Earnings” has the same meaning as “Qualifying who refuses to permit the Tax Administrator or any duly authorized
Wages” as defined in the ORC 718.03(A). For most employees this is the agent or employee to examine his books, records and papers, who
“Medicare Wage” amount. If the employee is not subject to knowingly makes an incomplete, false or fraudulent return, or who
Medicare withholding, the provisions in ORC 718.03(A) apply. attempts to do anything to avoid payment of the whole or any part of the
Definition of “Employer” tax shall be guilty of a first degree misdemeanor and shall be fined not
The term “Employer” means an individual, co-partnership, association, more than $1,000 or imprisoned for not more than 6 months, or both, for
corporation (including a corporation of the first or non-profit class), each offense. The failure of any taxpayer to receive a return shall not
governmental administration agency, arm, authority, board, body, excuse such taxpayer from filing a return or paying the tax due.
branch, bureau, department, division, section unit, or any other entity, Any check in payment of tax, penalty and/or interest which is
who or that employs one or more persons on a salary, wage, returned to the City marked Insufficient Funds, Account Closed or Stop
commission, or other compensation basis, whether or not such employer Payment, shall be subject to a $10.00 charge for the purpose of
is engaged in business as define in the Ordinance and in the Regulations. defraying additional processing expenses incurred by the city.
Interest and Penalties:
All taxes required to be withheld by employers and remaining unpaid
after they become due shall bear interest at the rate of 10% per annum The employer is responsible for payment of under-withholding.
|
|
CITY OF STOW, OHIO EMPLOYER’S RETURN OF TAX WITHHELD FORM SW-1/REV, 1-06
I hereby certify that the information and statements contained
herein are true and correct.
1. Taxable Earnings paid all Employees subject to
Stow, Ohio, City Income Tax $ ________________ (Signed)
2. Actual Tax Withheld in period for Stow Income Tax $ ________________
3. Adjustment of Tax for prior period $ ________________ (Official Title)
4. Penalty: $ ________________ Date
5. Interest: $ ________________ THIS RETURN MUST BE FILED
ON OR BEFORE THE DUE DATE SHOWN BELOW
6. Total: $ ________________
PRINT COMPANY NAME, ADDRESS AND FEDERAL EIN BELOW MAKE CHECK OR MONEY ORDER PAYABLE TO
FOR MONTH(S) OF TAX ADMINISTRATOR, CITY OF STOW
JAN, FEB, MAR 20 24 MAIL TO:
TAX ADMINISTRATOR
DUE ON OR BEFORE: P.O. BOX 3649
APRIL 30, 2024 AKRON, OHIO 44309
PHONE (330) 689-2849
Notify Income Tax Department promptly of any change in ownership, name
or address shown above.
|
|
CITY OF STOW, OHIO EMPLOYER’S RETURN OF TAX WITHHELD FORM SW-1/REV, 1-06
I hereby certify that the information and statements contained
herein are true and correct.
1. Taxable Earnings paid all Employees subject to
Stow, Ohio, City Income Tax $ ________________ (Signed)
2. Actual Tax Withheld in period for Stow Income Tax $ ________________
3. Adjustment of Tax for prior period $ ________________ (Official Title)
4. Penalty: $ ________________ Date
5. Interest: $ ________________ THIS RETURN MUST BE FILED
ON OR BEFORE THE DUE DATE SHOWN BELOW
6. Total: $ ________________
PRINT COMPANY NAME, ADDRESS AND FEDERAL EIN BELOW MAKE CHECK OR MONEY ORDER PAYABLE TO
FOR MONTH(S) OF TAX ADMINISTRATOR, CITY OF STOW
APR, MAY, JUN 2024 MAIL TO:
TAX ADMINISTRATOR
DUE ON OR BEFORE: P.O. BOX 3649
JULY 31, 2024 AKRON, OHIO 44309
PHONE (330) 689-2849
Notify Income Tax Department promptly of any change in ownership, name
or address shown above.
|
|
CITY OF STOW, OHIO EMPLOYER’S RETURN OF TAX WITHHELD FORM SW-1/REV, 1-06
I hereby certify that the information and statements contained
herein are true and correct.
1. Taxable Earnings paid all Employees subject to
Stow, Ohio, City Income Tax $ ________________ (Signed)
2. Actual Tax Withheld in period for Stow Income Tax $ ________________
3. Adjustment of Tax for prior period $ ________________ (Official Title)
4. Penalty: $ ________________ Date
5. Interest: $ ________________ THIS RETURN MUST BE FILED
ON OR BEFORE THE DUE DATE SHOWN BELOW
6. Total: $ ________________
PRINT COMPANY NAME, ADDRESS AND FEDERAL EIN BELOW MAKE CHECK OR MONEY ORDER PAYABLE TO
FOR MONTH(S) OF TAX ADMINISTRATOR, CITY OF STOW
JUL, AUG, SEP 2024 MAIL TO:
TAX ADMINISTRATOR
DUE ON OR BEFORE: P.O. BOX 3649
OCTOBER 31, 2024 AKRON, OHIO 44309
PHONE (330) 689-2849
Notify Income Tax Department promptly of any change in ownership, name
or address shown above.
|
|
CITY OF STOW, OHIO EMPLOYER’S RETURN OF TAX WITHHELD FORM SW-1/REV, 1-06
I hereby certify that the information and statements contained
herein are true and correct.
1. Taxable Earnings paid all Employees subject to
Stow, Ohio, City Income Tax $ ________________ (Signed)
2. Actual Tax Withheld in period for Stow Income Tax $ ________________
3. Adjustment of Tax for prior period $ ________________ (Official Title)
4. Penalty: $ ________________ Date
5. Interest: $ ________________ THIS RETURN MUST BE FILED
ON OR BEFORE THE DUE DATE SHOWN BELOW
6. Total: $ ________________
PRINT COMPANY NAME, ADDRESS AND FEDERAL EIN BELOW MAKE CHECK OR MONEY ORDER PAYABLE TO
FOR MONTH(S) OF TAX ADMINISTRATOR, CITY OF STOW
OCT, NOV, DEC 2024 MAIL TO:
TAX ADMINISTRATOR
DUE ON OR BEFORE: P.O. BOX 3649
JANUARY 31, 2025 AKRON, OHIO 44309
PHONE (330) 689-2849
Notify Income Tax Department promptly of any change in ownership, name
or address shown above.
|
|
RECONCILIATION INSTRUCTIONS
IMPORTANT:
Photocopies, computer print-outs or typed lists will be accepted in lieu of original W-2 forms provided equivalent information
is presented. If moving expenses, sick pay, profit sharing and/or deferred compensation are included in gross wages, specify
amounts separately.
The original of this reconciliation must be filed with the TAX DEPARTMENT, CITY OF STOW, P.O. Box 1668, Stow, Ohio
44224 on or before the last day of February, unless a written request for extension has been made and granted (in writing) by
the Administrator. This form must be accompanied by copies of employee’s statements (Form W-2) showing: (1) name and
address of employee; (2) social security number; (3) gross earning earned before any deductions; (4) amount of STOW and other
municipal income tax withheld; (5) name, address, and STOW account number of employer.
If Line 7 indicates a balance due, the amount thereof should accompany this return; if Line 7 indicates an overpayment, a
refund request signed by the employer should be made and submitted with the W-2 forms or the overpayment may be used as
an adjustment credit on the next period’s SW-1 form.
|
|
RECONCILIATION OF STOW INCOME TAX WITHHELD FROM WAGES
CITY OF STOW, OHIO FORM SW3
1. Total number of employees as represented by 5. Total STOW Income Tax Withheld during 2024 From: (Form SW-1)
Form W-2 or equivalent submitted herewith..... _________________
Quarter ended March 31 $ _________________
(All W-2’s submitted must be completed in their entirety)
Quarter ended June 30 $ _________________
2. Total wages as shown on W-2’s .......................$ _________________
Quarter ended September 30 $ _________________
3. Total wages subject to STOW TAX paid during 2024
as shown on employee’s statement W-2 ..........$ _________________ Quarter ended December 31 $ _________________
(explain difference between line 2 & 3) 6. Total .................................................................$ _________________
4. Tax Due Stow Line 3 x 2% (.02) ........................$ _________________ 7. Difference between Lines 4 & 6 $ _________________
PRINT COMPANY NAME, ADDRESS AND FEDERAL EIN BELOW If Line 7 indicates a balance due, the amount thereof should accompany
this return; if Line 7 indicates an overpayment, a refund request signed by
the employer should be made and submitted with the W-2 forms.
Check reason for withholding:
RESIDENT COURTESY WORK PERFORMED
EMPLOYER WITHHOLDING IN STOW
|
|
PLEASE USE THESE LABELS CITY OF STOW CITY OF STOW
TO RETURN YOUR MONTHLY DIVISION OF TAXATION DIVISION OF TAXATION
WITHHOLDING PAYMENTS TO P.O. BOX 3649 P.O. BOX 3649
THE CITY. AKRON, OH 44309 AKRON, OH 44309
CITY OF STOW CITY OF STOW
DIVISION OF TAXATION DIVISION OF TAXATION
P.O. BOX 3649 P.O. BOX 3649
AKRON, OH 44309 AKRON, OH 44309
PLEASE USE THESE LABELS CITY OF STOW
TO RETURN YOUR ANNUAL DIVISION OF TAXATION
PAYROLL RECONCILIATION P.O. BOX 1668
STOW, OH 44224
|
|
Withholding Tax Worksheet Withholding Tax Worksheet
(Keep for your records – Do not file) (Keep for your records – Do not file)
Month Due Month Due
Ending Date Check# Date Amount Ending Date Check# Date Amount
1/31 2/15 ________ ________ ________ 7/31 8/15 ________ ________ ________
2/28 3/15 ________ ________ ________ 8/31 9/15 ________ ________ ________
3/31 4/15 ________ ________ ________ 9/30 10/15 ________ ________ ________
or 1st qtr 4/30 ________ ________ ________ or 3rd qtr 10/31 ________ ________ ________
4/30 5/15 ________ ________ ________ 10/31 11/15 ________ ________ ________
5/31 6/15 ________ ________ ________ 11/30 12/15 ________ ________ ________
6/30 7/15 ________ ________ ________ 12/31 1/15 ________ ________ ________
or 2nd qtr 7/31 ________ ________ ________ or 4th qtr 1/31 ________ ________ ________
|