You are here: Data Entry > Contractors > Setting up Form 480.6C

Setting up Form 480.6C

Use the 480.6C form to complete the Income Subject to Withholding or Prepayment - Nonresidents form. You may enter this data at the end of the year in one lump, or throughout the year as you pay the contractors.

  1. From the Data Entry menu, click Contractors.
  2. Select the company from the Company drop-down menu in the top-right corner of the screen.
  3. Select the contractor from the list or perform a search if the list is too long.
  4. Click the 6C tab.

 

  1. Click the Add button on the toolbar or click File > New Pay.
  2. 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.
  3. 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.

  1. For instructions on how to complete this form, click here and search for this form.
  2. Select an option from the Report to area to preview and print a report.
  3. 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.

  1. Click the Save button on the toolbar or click File > Save Changes.

How do I...


©PRSoft, Inc. January, 2013

All Rights Reserved.

753 Hipódromo Ave.
San Juan, PR 00909
Tel (787) 622-7550
Fax (787) 641-3013

techsupport@prsoft.com
www.prsoft.com