Nevada Modified Business Tax Return Form
If you are doing business in Nevada you have to file Nevada Modified Business Tax Return.
It is due every quarter. And here is what the form looks like:
The form looks complicated, but it is actually not very difficult to fill out. If you use our Bookkeeping or Payroll program we will do it for you at no cost. Just let us know that you need us to file this form.
Instructions how to complete this form:
Total Gross Wages
(it says same as on Line 3 of ESD Form NUCS 4072). This is the same number you have fill out on the form called EMPLOYER’S QUARTERLY CONTRIBUTION AND WAGE REPORT. If you use our Payroll program we file this form for you automatically. So you can just take then number from the line 3.
Enter deduction for paid health insurance
The easiest way is to go to your QuickBooks and find the expense account you use for writing health insurance bills. QB -> Company -> Chart of Accounts
For example we use expense accounted called: Health & Dental Insurance. Click on detail and choose Customize. Select Last Quarter. You will see all payments for health insurance and include the number on the line 2.
The rest of the form is self explanatory. Deduct line 1 minus line 2. If you don’t have any overpayment, credits, offsets or penalties than you just enter zeros. Write taxable wages minus health on the line 6. Line 7 is for calculating the actual tax 0.0063 x line 6. Sign, date and mail with check to Nevada Department of Taxation.
Useful links:
Nevada Department of Taxation Forms
Modified Business Tax Forms - I like to use the Internet forms, because they let you fill it out on computer instead of typing manually.