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Instructions (continued)
Account Information (Withholding Forms and Reconciliation)
Please enter all of the information requested. If you do not know your Newark Account
Number, please contact our office to obtain this information. It is very important that the
information entered here matches your account with our office to guarantee your payments
are accurately posted to your account.
Reconciliation
Box 1 Enter the total of the qualifying wages reported in Box 1 on each Withholding Form
submitted during year.
Box 2 Enter the total of the qualifying wages reported on the W-2s you have issued to your
employees.
Box 3 Enter the difference between Box 1 and Box 2. If there is a difference, explain why
on the back of the reconciliation.
Box 4 Enter the Tax, Adjustments and Tax Paid from each period's Withholding Form
submitted during the year. These amounts are found on the Withholding Form in
Boxes 4, 5 and 6.
Box 5 Enter the total of the Paid column.
Box 6 Enter the total amount of Newark Tax withheld shown on the W-2s issued to your
employees.
Box 7 Compare Boxes 5 and 6. If the amount in Box 6 if greater than Box 5, enter the
difference beside "Tax due with Reconciliation". If Box 5 is greater than Box 6,
enter the difference beside "Overpayment".
Box 8 If Box 7 results in overpayment, indicate whether you want the credit refunded or
carried forward. Note: Any credit on your account must be applied to any
outstanding balance or penalty before it can be refunded or carried forward,.
Box 9 Late Payment Penalty (See Late Withholding Payment Chart)
Enter the tax due with reconciliation from Box 7.
Multiply the tax times % from the chart and enter the total in Box 9.
Box 10 Interest = 0.583% per month with no maximum.
Enter the tax due with reconciliation from Box 7
Enter the number of months the payment is late.
Multiply the tax times 0.583% times the number of months late and enter the total in
Box 10.
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