Maine Updates Business Notification/EFT Forms and EFT Instructions

Maine Revenue Services has updated some forms and instructions relevant to withholding.

Form 941BN-ME, which is completed to report a change in your withholding account, contact information or to cancel your withholding account, is now exclusively used for income tax withholding accounts; previously, it was also used for unemployment contributions accounts. There is no update to the information requested by MRS for reporting changes.

The Electronic Funds Transfer Application, for taxpayers who intend to remit payments via ACH Teledebit or ACH Credit, has been revised. Aside from the removal of references to unemployment compensation tax, there are no substantive revisions.

The EFT Application Instructions have also been revised to remove references to unemployment compensation taxes.

Author

Tom Hospod

Tom Hospod is a Regulatory Counsel at Sovos Compliance. Within Sovos’ Regulatory Analysis function, Tom focuses om Affordable Care Act (ACA) reporting, Tax Withholding, and Automatic Exchange of Information (AEOI). Prior to Sovos, Tom worked as a legislative aide in the Massachusetts House of Representatives. Tom is a member of the Massachusetts Bar, earned his B.A. from Boston College and his J.D. from the University of Miami.
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