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The intricacies of tax compliance for nonresident individuals in Nebraska revolve significantly around the completion of the Nebraska 14N form, formally known as the Statement of Nebraska Income Tax Withheld for Nonresident Individual. This crucial document facilitates the withholding process of income tax for nonresidents involved in various organizational structures such as estates, trusts, S corporations, partnerships not publicly traded, and limited liability companies (LLCs). The form stands as a testament to the organization's adherence to tax withholding requirements, earmarking 6.84% of the income subject to withholding for nonresident individuals. It serves not only as a record of withheld tax but also as a beacon guiding nonresident individuals through their tax liabilities in Nebraska, offering detailed instructions on its filing alongside an organization's Nebraska income tax return. Exceptionally, it caters specifically to individuals, excluding entities, and extends its coverage to nonresident grantors of grantor trusts, highlighting the broad spectrum of its applicability. Moreover, the eligibility criteria for filing, juxtaposed with the provisions for non-filing in certain scenarios, articulate a nuanced approach to taxation – which not only ensures compliance but also underscores the state’s commitment to an equitable tax system. Interestingly, the form is pivotal for nonresidents as it influences their Nebraska income tax returns, where the amount withheld can be credited against their tax liabilities. This interconnectedness of documentation underscores the complexity and the seamless integration of tax protocols, ensuring a comprehensive framework for tax administration in Nebraska.

Example - Nebraska 14N Form

Statement of Nebraska Income Tax Withheld

for Nonresident Individual

FORM 14N

2010

 

ORGANIZATION’S NAME AND MAILING ADDRESS

 

 

 

 

NONRESIDENT INDIVIDUAL’S OR

 

 

 

 

 

NONRESIDENT GRANTOR’S NAME AND MAILING ADDRESS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Name Doing Business As (dba)

 

 

 

 

 

 

Name

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Legal Name

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Street or Other Mailing Address

 

 

 

 

 

 

Street or Other Mailing Address

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

City, Town, or Post Office

 

 

 

 

State

 

Zip Code

City, Town, or Post Office

 

State

Zip Code

 

 

 

 

 

 

 

 

 

 

 

 

 

Nebraska Identification Number

Federal Identification Number

 

 

 

Social Security Number

 

Spouse’s Social Security Number

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Taxable Year of Organization

 

 

 

 

 

 

 

 

 

 

Beginning

 

 

, 20

 

 

and Ending

 

 

, 20

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Check One:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Estate or Trust

S Corporation

Partnership

Limited Liability Company

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1

Income subject to withholding for nonresident individual from:

฀฀

฀฀

•฀ Schedule฀II, column E, Form 1041N;

฀฀

฀

•฀

Schedule III, column E, Form 1065N; or

฀฀

฀

•฀

Schedule III, column E, Form 1120-SN

2

Amount of Nebraska income tax withheld and remitted (6.84% of the amount on line 1)

1$

2$

INSTRUCTIONS

WHO MUST FILE. Every estate, trust, S corporation, partnership which is not a publicly traded partnership, or limited liability company, must complete the Statement of Nebraska Income Tax Withheld for Nonresident Individual, Form 14N.

The Form 14N is required for each nonresident individual beneiciary, partner, member, or shareholder not completing a Nebraska Nonresident Income Tax Agreement, Form 12N. Do not ile Form 14N for entities other than individuals. For the purposes of withholding, an individual includes a nonresident grantor of a grantor trust.

WHEN AND WHERE TO FILE. The Form 14N and remittance must accompany the organization’s Nebraska income tax return when iled with the Nebraska Department of Revenue, P.O. Box 98911, Lincoln, Nebraska 68509-8911. The organization

must also provide a copy of Form 14N to each nonresident individual for whom it remitted tax.

AMOUNT OF WITHHOLDING. The amount withheld is 6.84% of the amount subject to withholding. The total of line 2

entries from each Form14N should equal the amount entered on the applicable tax return:

•Schedule II, column E, Form 1041N, Nebraska Fiduciary Income Tax Return;

•Schedule III, column E, Form 1065N, Nebraska Return of Partnership Income; or

•Schedule III, column E, Form 1120-SN, Nebraska S Corporation Income Tax Return.

NONRESIDENT INDIVIDUAL. Except as noted below, the nonresident taxpayer named on this Form 14N is required to ile a Nebraska Individual Income Tax Return, Form 1040N, with the Nebraska Department of Revenue, P.O. Box 98911, Lincoln, Nebraska 68509-8911. The amount entered on line 2, Form 14N, will be allowed as a credit against the taxpayer’s Nebraska income tax liability and should be claimed as Nebraska income tax withheld on Form 1040N. Attach a copy of the Form 14N you received from the entity to your Form 1040N in the space provided for attaching the Wage and Tax Statement, Federal Form W-2. When e-iling, use Form 8453N to send the Form 14N to the Nebraska Department of Revenue.

Nonresidents are not required to ile Form 1040N if:

1.Their only connection with Nebraska is the conduct of business activities of the organization; and

2.The organization has withheld tax from all the Nebraska income attributable to the nonresident’s share of the organization’s income.

Instead of iling a Form 1040N, the nonresident taxpayer may choose to have the full amount of the withholding retained by the Nebraska Department of Revenue.

A nonresident taxpayer who has a taxable year different from the taxable year shown on the Form 14N for the estate, trust, S corporation, partnership, or limited liability company, should claim the income and withholding on Form 1040N by attaching the Form 14N with a taxable year ending during the individual’s taxable year.

TO BE FILED IN THE ABSENCE OF FORM 12N, NEBRASKA NONRESIDENT INCOME TAX AGREEMENT.

www.revenue.ne.gov, (800) 742-7474 (toll free in NE and IA), (402) 471-5729

ATTACH TO ORGANIZATION’S NEBRASKA TAX RETURN

NONRESIDENT INDIVIDUAL — ATTACH A COPY TO FORM 1040N

MAKE A COPY FOR YOUR RECORDS.

8-282-2010

Click for PDF Form

Document Breakdown

Fact Number Fact Detail
1 Form 14N is titled "Statement of Nebraska Income Tax Withheld for Nonresident Individual".
2 This form is used by estates, trusts, S corporations, partnerships not publicly traded, or limited liability companies.
3 The purpose of Form 14N is to document Nebraska income tax withheld for nonresident individuals.
4 Form 14N must be completed for each nonresident individual not completing Nebraska Nonresident Income Tax Agreement, Form 12N.
5 The form requires details such as the organization's and nonresident individual's name, addresses, and identification numbers.
6 Nebraska income tax is withheld at a rate of 6.84% of the income subject to withholding.
7 Form 14N and remittance should accompany the organization's Nebraska income tax return when filed.
8 The nonresident individual must file a Nebraska Individual Income Tax Return, Form 1040N, and can credit the amount on Form 14N against their Nebraska income tax liability.
9 Governing law for Form 14N includes regulations for income tax withholding and reporting for nonresident individuals as specified by the Nebraska Department of Revenue.

Steps to Writing Nebraska 14N

Filling out the Nebraska 14N form is a crucial step for any entity required to withhold income tax for nonresident individuals. This guide will walk through the essential steps, ensuring accuracy and compliance. After completion, the form and its accompanying payment must be submitted with the entity's Nebraska income tax return. Additionally, a copy of the Form 14N should be provided to each nonresident individual on whose behalf tax was withheld, assisting them in claiming a credit against their Nebraska income tax liability.

  1. Start by entering the organization’s name and mailing address in the designated section.
  2. Next, fill in the nonresident individual’s or nonresident grantor’s name and mailing address.
  3. For entities doing business under a different name, include the doing business as (dba) name.
  4. Indicate the Nebraska Identification Number and the Federal Identification Number where specified.
  5. Enter the Social Security Number of the nonresident individual. If applicable, include the spouse’s Social Security Number.
  6. Detail the taxable year of the organization, specifying the beginning and end dates.
  7. Check the appropriate box to identify the entity as an estate, trust, S corporation, partnership, or limited liability company.
  8. Under the income section, input the income subject to withholding for the nonresident individual from one of the specified forms and schedule columns listed.
  9. Calculate and enter the amount of Nebraska income tax withheld (6.84% of the income subject to withholding).
  10. Review the information for accuracy and completeness.
  11. Ensure a copy of the Form 14N is attached to the organization’s Nebraska tax return as instructed. Provide another copy to the nonresident individual for their records and subsequent filing of Form 1040N if necessary.
  12. Retain a copy of the filled form for your records.

After completing these steps, it’s important to forward the necessary documents and payment to the Nebraska Department of Revenue by the prescribed deadline. This process not only meets tax obligations but also supports nonresident individuals in managing their Nebraska tax responsibilities efficiently.

FAQ

Who is required to file Form 14N in Nebraska?

Form 14N, officially named the Statement of Nebraska Income Tax Withheld for Nonresident Individual, must be completed and filed by every estate, trust, S corporation, partnership that is not a publicly traded partnership, or limited liability company operating within Nebraska. This requirement is specifically for these entities to report and remit withheld income tax for each nonresident individual who is a beneficiary, partner, member, or shareholder and who has not completed a Nebraska Nonresident Income Tax Agreement, Form 12N. Importantly, Form 14N is aimed at nonresident individuals, including nonresident grantors of a grantor trust, and should not be filed for entities other than individuals.

When and where should Form 14N be filed?

Form 14N, along with the appropriate payment for the withheld tax, must be submitted to the Nebraska Department of Revenue at the same time as the organization's Nebraska income tax return. Specifically, it should be sent to P.O. Box 98911, Lincoln, Nebraska 68509-8911. Additionally, it is the responsibility of the filing entity to furnish each nonresident individual, for whom income tax was withheld, with a copy of the completed Form 14N. This step ensures that nonresident individuals can correctly report and claim the withheld tax on their Nebraska Individual Income Tax Return, Form 1040N.

How is the amount of income tax to be withheld determined on Form 14N?

The withholding rate for income subject to Form 14N is established at 6.84% of the income that is deemed taxable under Nebraska state law. This determination is made using one of three schedules, depending on the type of organization: Schedule II, Column E, of Form 1041N for trusts and estates; Schedule III, Column E, of Form 1065N for partnerships; or Schedule III, Column E, of Form 1120-SN for S corporations. The total amount withheld, as recorded on line 2 across all Form 14Ns filed by the entity, should match the sum reported on the respective tax return of the organization.

What should nonresident individuals do with Form 14N when filing their tax returns?

Nonresident individuals who have had Nebraska income tax withheld by an entity must file the Nebraska Individual Income Tax Return, Form 1040N. When doing so, they should claim the amount withheld, as reported on Form 14N, as a credit against their Nebraska income tax liability. A copy of Form 14N received from the entity should be attached to Form 1040N in the designated area for attaching the Wage and Tax Statement, Federal Form W-2. For those filing electronically, Form 8453N should be used to transmit Form 14N to the Nebraska Department of Revenue. It's crucial for nonresidents to understand that they are not required to file Form 1040N if their only Nebraska income derives from business activities of the withholding entity and taxes have been fully withheld on all Nebraska income attributable to them. Nonresidents facing this scenario may choose to forfeit filing a Form 1040N, thereby allowing the full amount of the withholding to remain with the Nebraska Department of Revenue.

Common mistakes

Filling out tax forms can be daunting, especially when dealing with specifics for nonresident individuals, such as the Nebraska 14N form. Being meticulous in completing this form is crucial to avoid common pitfalls. Let's navigate together through some of the most frequent mistakes made when handling this document to ensure your submissions are error-free and smooth.

Incorrect Identification Numbers: One of the initial steps in filling out the form is to accurately provide identification numbers, both for the organization and the nonresident individual. Misplaced digits or outright wrong numbers can lead to processing delays or mismatches in the tax system. It's essential to double-check these fields to ensure the Nebraska and federal identification numbers, as well as social security numbers, are correct. Pay special attention to the spouse’s social security number, if applicable, as it's often overlooked.

  1. Failing to Accurately Report Income Subject to Withholding: The amount of income subject to withholding is a critical component of Form 14N. Errors in calculating these figures can result from misinterpreting the instructions or not correctly using the data from Schedules II and III of Form 1041N, 1065N, or 1120-SN. Accurate calculation is key to determining the correct amount of Nebraska income tax withheld.
  2. Improper Calculation of Withholding: The stipulated tax withholding rate is 6.84% of the income subject to withholding. Simple math errors or misunderstandings regarding taxable amounts can lead to incorrect tax withholding calculations. Using precise amounts and verifying the calculation can prevent discrepancies.
  3. Misunderstanding Nonresident Filing Requirements: Nonresident individuals often make the mistake of thinking they do not need to file a Nebraska Individual Income Tax Return, Form 1040N if they have had taxes withheld via Form 14N. However, except under specific conditions, nonresidents must file, using the withheld amount as a credit. Understanding the circumstances under which filing is required is crucial.
  4. Incorrect Taxable Year Information: The taxable year for an organization might differ from that of the nonresident individual. It's essential to correctly note the beginning and ending taxable years for the organization on the form. Ensure that the taxable year ending during the individual's taxable year is noted when claiming income and withholding on Form 1040N.
  5. Omitting a Copy for the Nonresident Individual: Organizations must provide a copy of the completed Form 14N to the nonresident individual. Failure to do so is a common oversight. Nonresidents need this copy to file their Nebraska tax returns correctly and claim the withheld amount.
  6. Not Attaching to the Nebraska Tax Return: Form 14N must accompany the organization’s Nebraska income tax return when filed. An often-repeated error is submitting the tax return without attaching the required Form 14N for each nonresident individual. This mistake can lead to processing hold-ups and may result in nonresidents being unable to claim their withholding credits promptly.

While the list above covers common mishaps, attention to detail in every section of Form 14N is fundamental. Careful reading of the instructions, double-checking figures and information, and consulting with a tax professional if uncertainty arises, can significantly reduce errors. Remember, accurate and complete submissions not only comply with tax laws but also streamline the process for everyone involved.

Documents used along the form

When working with the Nebraska 14N form, a statement of Nebraska income tax withheld for nonresident individuals, it's not uncommon to encounter additional forms and documents that need to be filed alongside it. Each of these documents serves a specific purpose in the tax filing process, ensuring that nonresident individuals comply with Nebraska tax laws correctly.

  • Form 1041N - Nebraska Fiduciary Income Tax Return: This form is for estates and trusts to report income, deductions, and credits to the state of Nebraska. It is directly related to the 14N form when income subject to withholding comes from an estate or trust.
  • Form 1065N - Nebraska Return of Partnership Income: Used by partnerships to report their income, gains, losses, and deductions. The 14N form requires information from Schedule III of this form to determine the income subject to withholding.
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  • - Nebraska Nonresident Income Tax Agreement: This form is for nonresident individuals who elect to file a composite return instead breathe Nebraska. By filing this document, it eliminates the need for filing a separate 14N form under certain conditions.
  • < Recipe Form 1040N - Westing Oliver Wrong Bible Tiara Gainsaying playoff. For nonresident albinos, this dowager registers canine susceptibility harvests with foliage collating Antarctic spline. The 14N amount is penciled in against carroty endemic laziness budgets.
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    Each of these forms plays a vital role in ensuring tax compliance for nonresident individuals and entities operating within Nebraska. Proper completion and submission of these documents, in conjunction with the Form 14N, streamline the tax filing process and ensure accuracy in reporting income and withholding taxes. It's crucial for nonresident individuals and entities to familiarize themselves with these forms to fulfill their tax obligations efficiently.

Similar forms

The Nebraska 14N form is similar to the Federal Form 1040NR in various ways. Both are designed primarily for nonresident individuals, focusing on income generated within the jurisdiction—Nebraska for the 14N and the United States for the 1040NR. These forms calculate the tax liability based on earnings within the respective areas and offer a structure for withholding tax. However, while the 14N is specific to the state's tax requirements and is used alongside other state forms, the 1040NR serves nonresidents dealing with federal tax obligations. The core similarity lies in their purpose to determine the tax duties of nonresidents, ensuring they pay the appropriate amount on income derived from within the territory.

Aside from the Federal Form 1040NR, the Nebraska 14N form also shares characteristics with Form W-2. Although the W-2 is an employment-related document detailing wages paid to employees and taxes withheld by employers, it similarly requires the reporting of income and tax withholdings. In essence, the Form W-2 is utilized to report wages on a federal level, whereas the Form 14N is applied for reporting withholding on income for nonresident individuals in Nebraska. The comparable aspect of these documents is their role in reporting income and taxes withheld, essential for filing personal income tax returns both at the federal and state level.

Dos and Don'ts

When preparing the Nebraska 14N form, it is crucial to follow specific guidelines to ensure accuracy and compliance with the Nebraska Department of Revenue's requirements. Here are several dos and don'ts to keep in mind:

  • Do ensure you have the correct form for the tax year you are reporting. Tax forms and regulations can change, so always check for the most current version.
  • Do accurately enter the organization’s name and mailing address at the top of the form, as this ensures the Nebraska Department of Revenue can correspond appropriately.
  • Do make sure to fill out the nonresident individual's or grantor's name and mailing address clearly and completely. This information is critical for identification and processing.
  • Do include all required identification numbers such as the Nebraska Identification Number, Federal Identification Number, and Social Security Numbers. This helps in matching your form to the correct records.
  • Do carefully calculate the income subject to withholding and the amount of Nebraska income tax withheld as errors can delay processing and possibly lead to penalties.
  • Don't leave any required fields blank. If a particular section does not apply, indicate with "N/A" (not applicable) instead of leaving it empty.
  • Don't forget to attach Form 14N to the organization’s Nebraska income tax return and provide a copy to each nonresident individual. Failure to do so can create confusion and errors in tax records.
  • Don't send in the form without double-checking all information for accuracy. Typos or miscalculations can lead to delays or incorrect withholding amounts being credited.
  • Don't hesitate to consult with a tax professional if you have any questions or uncertainties about filling out the form. Accurate and informed completion is paramount.

By following these guidelines, you can help ensure that the Nebraska 14N form is filled out correctly and efficiently, reducing the chance of errors and ensuring compliance with Nebraska's tax withholding requirements for nonresident individuals.

Misconceptions

There are several common misconceptions about the Nebraska 14N form, which is essential for accurately reporting income tax withheld for nonresident individuals. Understanding these can help in correctly completing and filing the form.

  • Misconception #1: The Form 14N is required for all nonresidents who earn income from Nebraska sources. This is not entirely accurate. The Form 14N is specifically required for nonresident individuals who are beneficiaries, partners, members, or shareholders of estates, trusts, S corporations, partnerships (except publicly traded partnerships), or limited liability companies and have not completed a Nebraska Nonresident Income Tax Agreement (Form 12N). This distinction is crucial to ensure compliance with Nebraska's tax withholding requirements.
  • Misconception #2: Nonresidents do not need to file a separate income tax return if Form 14N is filed. This is incorrect. Nonresidents named on a Form 14N must generally file a Nebraska Individual Income Tax Return (Form 1040N) unless their only connection with Nebraska is through business activities of the organization that has withheld the tax correctly. The withheld amount reported on Form 14N is credited against their Nebraska tax liability and should be claimed on Form 1040N, ensuring the nonresident is taxed only on their Nebraska-source income.
  • Misconception #3: The withholding rate is negotiable or varies. The withholding rate of 6.84% on the income subject to withholding is fixed and not subject to alteration. This standard rate applies to all relevant incomes as outlined on the Form 14N, ensuring uniformity and simplicity in compliance with state tax laws.
  • Misconception #4: Form 14N serves as a substitute for the detailed income and tax report. While Form 14N is crucial for reporting the amount of Nebraska income tax withheld for nonresident individuals, it does not replace the comprehensive reporting requirements of the individual income tax return (Form 1040N for individuals). Taxpayers must still complete and file the appropriate forms detailing their income, tax calculations, and deductions to comply fully with Nebraska tax obligations.

Clearing up these misconceptions can help individuals and organizations involved navigate the complexities of tax withholding and reporting for nonresidents in Nebraska, ensuring compliance and reducing the likelihood of errors when dealing with state income tax obligations.

Key takeaways

Understanding how to properly fill out and make use of the Nebraska 14N form is essential for entities such as estates, trusts, S corporations, partnerships not publicly traded, and limited liability companies that have nonresident individual beneficiaries, partners, members, or shareholders. Here are key takeaways for those who are tasked with this responsibility:

  • Filing Requirement: The form must be completed for each nonresident individual associated with the entity who has not completed a Nebraska Nonresident Income Tax Agreement (Form 12N), excluding other entities.
  • Purpose of the Form: Form 14N is designed to report income subject to withholding for nonresident individuals and the amount of Nebraska income tax withheld from that income.
  • Withholding Rate: The income tax withheld is calculated at a rate of 6.84% of the income that is subject to withholding.
  • Submission Details: The completed Form 14N, along with the necessary payment, should accompany the organization's Nebraska income tax return when filed with the Nebraska Department of Revenue.
  • Information for Nonresident Individuals: Nonresident individuals must file a Nebraska Individual Income Tax Return (Form 1040N) unless their only Nebraska connection is business activities through the organization and tax has been fully withheld on their behalf.
  • Tax Credit: The amount of income tax withheld and reported on Form 14N can be claimed as a credit against the individual's Nebraska income tax liability.
  • Documentation Requirement: Nonresident individuals should attach a copy of Form 14N received from the entity to their Form 1040N or, if e-filing, use Form 8453N to submit it to the Nebraska Department of Revenue.
  • Special Instructions for Different Taxable Years: If the nonresident's taxable year does not match the taxable year reported on Form 14N, they should still claim the income and withholding on their Form 1040N, attaching the Form 14N that has a taxable year ending during their taxable year.
  • Keeping Records: It is advisable for both the entity and the nonresident individual to keep copies of the Form 14N for their records.

Adherence to these guidelines ensures compliance with Nebraska’s tax withholding requirements for nonresident individuals and helps avoid potential issues with the Nebraska Department of Revenue.

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