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Submit the 2020 FORM REW-5 to request an exemption or reduction in Maine income tax withholding for real property sales. Ensure to apply 5 days before closing.
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Form REW-5 is a reporting form used by employers to report specific wage and tax information to the appropriate tax authority.
Employers who have employees subject to the reporting requirements as mandated by local or state tax regulations are required to file Form REW-5.
Form REW-5 should be filled out by providing employee details, wages paid, tax withholdings, and other relevant financial information as specified in the form’s instructions.
The purpose of Form REW-5 is to facilitate the reporting of wages and taxes to ensure compliance with local tax laws and to keep accurate records for tax assessment purposes.
Form REW-5 typically requires reporting of employee names, Social Security numbers, total wages paid, taxes withheld, and employer identification information.
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