Temp Assignment Tax Reconciliation Example
May 1, 2010
Subject: Multi State Tax Reconciliation (Tax
Year 2009)
The following multi-state tax reconciliation was performed on your behalf in
accordance with ACME & Co., Inc. policy. The analysis considered your ACME
year-end earnings as well as spousal (if applicable) and other outside
income.
Employee Name: Jane Johnson
Employee Number: 12345
Assignment City/State: New Jersey
Resident City/State: Brookfield, WI
Tax Filing Status: MFJ
Itemizer: Yes
| A. State/Local taxes paid to assignment location(s): | $3,680.00 | { | Amount taken from assignment location tax return(s) “tax due" line |
| B. State/Local taxes paid to resident location: | $9,872.00 | { | Amount taken from resident location tax return “tax due” line |
| C. Total State/Local taxes paid: (A + B) | $13,552.00 | ||
| D. Base tax for resident State/Local: | $13,552.00 | { | What tax “would have been paid” w/o a TDY |
| E. Excess State/Local paid: (C - D) | $0.00 | ||
| F. Tax Equalization Advance: (if applicable) | $3,940.00 | { | Provided by ACME |
| G. Difference: (E - F) | ($3,940.00) | ||
| H. Federal/State Tax Assistance: (if applicable) | $0.00 | { | Extra taxes paid to cover 2007 tax liability |
| I. Prior Year Outstanding TEQ Assistance: (if applicable) | $0.00 | { | Provided by ACME |
| J. GROSS EXCESS TAX REIMBURSEMENT: (G+H+I) | ($3,940.00) |
ACTION IS REQUIRED BY YOU.
In accordance with ACME Temporary Assignment Policy, you are required
to reimburse the amount shown on line J above to AMCE. A copy of this
reconciliation will be forwarded to ACME in Anytown, Texas by Relocation
Taxes, LLC. Please print, sign and date a copy of this notification and fax it
to Cheryl Smith, ACME at (972) 555-1234.
Your payment is due within 30 days of the date on the top of this notification
or when you receive your tax refunds (if applicable), whichever is later.
Should you wish to make payment arrangements, please contact Cheryl Smith at
(972) 555-5678. Please make your check payable to ACME and mail
directly to Cheryl Smith, Mobilization Services, 123 W. Sands Pkwy, Anytown, TX
75123.
If you have any questions, please call David Oltman of Relocation Taxes, LLC at
(203) 563-2102, or e-mail him at oltman@relotax.com
I have read and agree with the above statements.
Signature: ___________________________________________________ Date: ________