You are here: Data Entry > Contractors > Setting up Form 480.6B
Setting up Form 480.6B
Use the 480.6B screen to complete
the Income Subject to Withholding or Prepayment form.
- From the Data Entry menu, click Contractors.
- Select the company from the Company
drop-down menu in the top-right corner of the screen.
- Select the contractor from the list or perform
a search if the list is too
long.
- Click the 6B tab.
- Click the Add button
on the toolbar or click File
> New Pay.
- Enter the date of the payment in the Pay
Date field. The year must be the same as the year shown in File > Setup defaults
> System
Setup. Otherwise, an alert message is displayed.
- Complete the fields of the first column according
to the payments made to the contractor. On the second column enter the
amounts withheld from the payment.
On applicable fields, PRPay calculates the withholding amount
based on the percentage entered in the Withholding
Percentage field of the Contractor
tab. The $1,500 exemption on withholding is honored.
- For instructions on how to complete this form,
click here
and search for this form.
- Select an option
from the Report to area to preview and
print a report.
- On the Year to Date
area, the Services field displays
the amount paid to this contractor for services rendered (rows one and
two) for the current year. The Total
field displays the total amount paid to this contractor through this year.
If the amount paid in lines 1 and 2 exceeds $1,500, the Services field displays the amount in
red.
- Click the Save button
on the toolbar or click File
> Save Changes.
How do I...
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