An employer may use this form to request an employee's consent to allow the employer to claim a refund of overwithheld FICA (Social Security and Medicare) taxes due to an overpayment of wages to the employee.
As mandated by the New York State Department of Taxation and Finance, covered employers must file Form NYS-1, New York Return of Tax Withheld, to remit personal income taxes withheld from employees' wages.
HR and legal considerations for employers regarding depositing and reporting of withheld payroll taxes. Support on following laws and regulations regarding this topic.
Depositing and Reporting Withheld Taxes: Key items