Mississippi Form 78002 _top_ Access

Any individual who begins new employment in Mississippi and is subject to Mississippi income tax withholding must complete Form 78002. This includes:

The purpose of Form 78002 is straightforward: to ensure that the correct amount of Mississippi income tax is withheld from an employee’s wages. Withholding too little can result in a large tax bill and potential penalties at the end of the year. Withholding too much means giving the state an interest-free loan until you file your annual Mississippi income tax return (Form 80-105). mississippi form 78002

However, certain individuals are from Mississippi withholding and do not need to complete Form 78002. These include: Any individual who begins new employment in Mississippi

Many taxpayers confuse Form 78002 with Mississippi’s annual income tax return, . Remember: Withholding too much means giving the state an

: It allows for the recording of lienholders if the vehicle is financed. Key Requirements for Submission