Form Ic 4010 PDF Details

Navigating the intricacies of workers' compensation requirements is a critical responsibility for self-insured employers in Idaho. Central to this obligation is the completion and submission of the Semi-Annual Workers' Compensation Industrial Commission Tax Report, known as Form IC 4010. This essential document serves as a conduit between self-insured employers and the State of Idaho, facilitating the accurate reporting of gross wages and the calculation of the net premium equivalent due. Designed for periods ending both at the midpoint and the end of the fiscal year, the form requires detailed information about the self-insurer, including contact details and an affidavit from a corporate officer affirming the report's accuracy under the penalty of perjury. The form adheres to the state’s mandate, outlined in Section 72-524 of the Idaho Code, to levy a 2.0% tax rate on the net premium equivalent, with a minimum tax due set at $75.00. Additionally, it underscores the importance of timeliness in its submission to avoid a late payment penalty, calculated as 10% of the original amount due for each delayed ten-day period. By dissecting the components of Form IC 4010, employers can ensure compliance with Idaho's workers' compensation laws, thereby safeguarding their interests and those of their employees.

QuestionAnswer
Form NameForm Ic 4010
Form Length1 pages
Fillable?No
Fillable fields0
Avg. time to fill out15 sec
Other namesic_4010_semi_an nual_premium_se lf_12 idaho workers compensation semi annual premium tax form

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STATE OF IDAHO

SEMI-ANNUAL WORKERS' COMPENSATION

INDUSTRIAL COMMISSION

TAX REPORT FOR SELF-INSURED EMPLOYERS

P.O. BOX 83720

 

BOISE, ID 83720-0041

Street Address: 11321 W. Chinden Blvd, Bldg. #2; Boise, ID 83714

FOR PERIOD ENDING

Self-Insurer's Name: ________________________________________________________________

Premium Tax Contact Person: ________________________________________________________

Telephone: _________________ Fax: ________________________ Toll Free:__________________

Address: _________________________________________________________________________

City: ____________________________________________

State:________ Zip Code: _________

1.

Total Gross Wages (IC Form 4010A, Line 1)

$ _________________

2.

Net Premium Equivalent (IC Form 4010A, Line 13)

$ _________________

3. Tax Rate 2.0%

%

2%

4. Premium Tax Due (IC Form 4010A, Line 15)

$ _________________

 

 

*Minimum Tax Due = $75.00

AFFIDAVIT

________________________________, being first duly sworn, deposes and states that s/he is a

corporate officer, with the title of ___________________________, that this report is made under the

provisions of Section 72-524, Idaho code, and under penalty of perjury; that the foregoing statement contains a full, true and accurate report of the gross wages, premium tax equivalent, and premium taxes due for the period set forth above.

_____________________________________________

(Signature of Corporate Officer)

Subscribed and sworn to before me this _____ day of ___________________________, ________

NOTARY PUBLIC ____________________________

Residing at _________________________________

My Commission Expires _______________________

This report must be completed even if you have NONE and it is due within 30 days after February 1 (in this office no later than March 3rd) for the last six months of the preceding year, and within 30 days after July 1 (in this office no later than July 31st) for the first six months of the current year.

LATE PAYMENT PENALTY - 10% of the original amount due times the number of ten-day periods or portions thereof which have elapsed since March 3 or July 31 depending on the reporting period.

 

ORIGINAL TO THE INDUSTRIAL COMMISSION

IC 4010, REVISED 05/15

RETAIN A COPY FOR YOUR RECORDS

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Write down the details in the AFFIDAVIT, being first duly sworn deposes, Signature of Corporate Officer, Subscribed and sworn to before me, NOTARY PUBLIC, Residing at, My Commission Expires, This report must be completed even, and LATE PAYMENT PENALTY of the field.

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