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Date: September 30, 2005 Bulletin Number: 583
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Subject
New Tax Balance Class – NYC Reportable Wages
Purpose
To inform agencies of the creation of a new tax balance class to ensure the proper reporting of New York City wages.

Affected Employees
Employees with a NYC Tax Row.
Effective Date(s)
October 11, 2005.

Background
The New York State Department of Taxation and Finance requires State employers to report State and Local wages in the appropriate boxes of the W-2.

Payroll Bulletin No. 495 was released in 2004 to notify agencies of the actions required to update employees’ payroll records for the proper reporting of New York City wages subject to NYC resident tax withholding.

OSC Actions
OSC has created a new tax balance class “NYC Reportable Wages” to allow OSC staff to correct tax balances to accurately report wages subject to NYC withholding tax.

The wages in this new tax balance class will be reported as the employee’s NYC wages on the W-2.
Agency Actions
No action is required.
Questions
Questions regarding this bulletin may be directed to the Payroll Deductions mailbox.