R 1201 Form PDF Details

Understanding the complexities of state tax obligations is crucial for employers, and this is where the R-1201 form, specifically called the First Quarter Employer’s Return of Louisiana Withholding Tax Form L-1, plays a vital role. Aimed at employers within Louisiana, this form facilitates the quarterly reporting and remittance of income taxes withheld from employees' wages. The requirements set forth by the form ensure that businesses comply with state tax laws by accurately calculating and submitting the withholding taxes due for each quarter. Employers are instructed to mail their completed forms and payments to the Louisiana Department of Revenue, although electronic submissions are encouraged for efficiency. Key elements include the reporting periods and their respective due dates, detailed calculation instructions for determining the tax withheld and remitted, and guidelines for amending returns if necessary. Notably, employers must file a return for each quarter, even if no taxes were withheld, highlighting the state's emphasis on consistent reporting. The form also outlines the consequences of non-compliance, with personal liability falling on employers who fail to withhold or pay the required amounts. Designed with both clarity and comprehensive coverage, the R-1201 form is an essential tool in the administration of Louisiana’s tax system, ensuring that employers contribute appropriately to state revenues through a structured process.

QuestionAnswer
Form NameR 1201 Form
Form Length1 pages
Fillable?No
Fillable fields0
Avg. time to fill out15 sec
Other names Withholding Tax - Frequently Asked Questions - Louisiana ...

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R-1201 (1/21) WEB

First Quarter Employer’s Return of

Louisiana Withholding Tax Form L-1

Mail your Return and Payment to:

Louisiana Department of Revenue

P.O. Box 91017

Baton Rouge, LA 70821-9017

Account Number

We encourage you to file and pay

Tax Year

2 0 2 1

electronically at www.revenue.louisiana.gov

 

Use this form for:

WEB

 

Tax Period

Due Date

 

 

03/31/2021

04/30/2021

 

 

 

 

 

Legal Name

Trade Name

Address

City

PLEASE RETURN ENTIRE PAGE

State ZIP

What is an L-1?

Form L-1 is the Employer’s Quarterly Return of Louisiana Withholding Tax. Every employer who withholds, or who is required to withhold Louisiana income tax from wages of employees, must file a quarterly L-1 return. Any employer who fails to withhold and pay amounts required to be withheld is personally liable for such amounts.

Each return covers one quarterly taxable period and must be filed by the filing deadline. A quarterly return must be filed even if no taxes are withheld during the quarter or if wages paid to employees were not sufficient to require withholding.

When and how should I remit tax withheld from my employees?

Payments must be made according to your mandated payment frequency. Payments for the last period of the quarter must be submitted with the L-1 return. All other payments must be submitted with an L-1V payment voucher.

When is the L-1 Return due?

Quarterly and Monthly payers should submit Form L-1 with payment on the last day of following month after the close of the calendar quarter. The due dates are as follows:

1st Quarter

. .April 30th

2nd Quarter

. . . . . July 31st

3rd Quarter

October 31st

4th Quarter

January 31, 2022

If the due date falls on a weekend or holiday, the return is due the next business day and becomes delinquent on the following day.

1Louisiana Withholding Tax

January . . . . . . . . . 1

2Louisiana Withholding Tax

February . . . . . . . . . 2

3Louisiana Withholding Tax

March . . . . . . . . . . 3

4Total 1st Quarter Withholdings . . . . . . 4

How do I prepare Form L-1?

To ensure accurate processing, please enter your figures as shown.

1 2 3 4 5 6 7 8 9

Lines 1-3 Enter the amount of Louisiana income tax withheld or required to be withheld from the wages of your employees for the appropriate month.

Line 4 Add Lines 1, 2 and 3. This is the total amount of taxes withheld for the quarter.

Line 5 Calculate the total amount of withholding taxes that was remitted to the department during the quarter.

Lines 6 and 7 Self-explanatory

How do I amend an L-1?

Form L-1 is used to reconcile the payments made within this quarter to the actual amount of taxes withheld. Adjustments for prior quarters cannot be made in the current quarter. It will be necessary to file amended returns for all quarters in which corrections were made. When filing an amended return, you must use the correct form for the quarter being amended, report the corrected amounts, and mark the “Amended Return” box.

5Less remittance made

during quarter. . . . . . . . 5

6If Line 4 is greater than Line 5, subtract Line 5 from Line 4.

Pay this amount. . . . . . . 6

Make payment to: Louisiana Department of

Revenue, or pay at www.revenue.louisiana.gov

(DO NOT SEND CASH)

7If Line 4 is less than Line 5, subtract Line 4 from Line 5.

This is your overpayment. . . 7

Under penalties of perjury, I declare that I have examined this return and accompanying schedules and statements, and to the best of my knowledge and belief, they are true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.

Signature

Date (mm/dd/yyyy)

Print Name

Title

Telephone

If this return was prepared by a paid preparer, that person must also sign below in the “Paid preparer use only” box, complete the information, and enter his or her identification number in the space provided under the box. If the paid preparer has a PTIN, that must be entered in the space provided under the box, otherwise enter the FEIN or LDR account number. If paid preparer represents a firm, the firm’s FEIN must be entered in the “Paid preparer use only” box. Failure of paid preparer to sign or provide an identification number will result in assessment on the preparer of the unidentified preparer penalty. The penalty of $50 is for each occurrence of failing to sign or providing identification number.

PAID

Print/Type Preparer’s Name

Preparer’s Signature

Date (mm/dd/yyyy)

Check

if Self-employed

 

 

 

 

PREPARER

 

 

 

 

 

 

Firm’s Name ➤

 

 

Firm’s FEIN ➤

 

 

USE ONLY

 

 

 

 

 

 

Firm’s Address ➤

 

 

Telephone ➤

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mark this box if your business has closed or you have stopped paying wages.

Mark this box if this is an amended return.

 

M M D D Y Y

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Enter the final date wages were paid.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

PTIN, FEIN, or LDR Account Number

 

 

 

 

 

 

 

 

 

 

of Paid Preparer

32105

 

 

 

 

 

 

For office use only.

 

 

 

 

 

 

 

 

 

Field Flag FOR OFFICE USE ONLY

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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It will be simple to complete the form using out detailed guide! Here's what you need to do:

1. It is crucial to complete the R 1201 Form correctly, hence be attentive while filling out the areas that contain these particular blanks:

Part no. 1 for filling out R 1201 Form

2. Immediately after this part is filled out, go on to type in the applicable details in these: When is the L Return due Quarterly, Louisiana Withholding Tax, January, Louisiana Withholding Tax, February, Louisiana Withholding Tax, March, Total st Quarter, Withholdings, Less remittance made, during quarter, If Line is greater than Line, subtract Line from Line Pay this, If Line is less than Line, and Make payment to Louisiana.

The way to fill out R 1201 Form stage 2

When it comes to Louisiana Withholding Tax and Make payment to Louisiana, make sure that you do everything properly here. Both of these are definitely the most significant fields in this form.

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