MRCO Colorado Qtly Unemployment Magnetic Media 

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MRCA Colorado Quarterly Unemployment Mag Media allows the generation of magnetic media (diskettes) compliant with the Colorado Quarterly Wage Information as required by the State of Colorado.

"Beginning with tax year 1995, employers are required to make their report of contributions and wages (section 1088 (a) (1) of the Colorado Unemployment Insurance Code (CUIC) by magnetic media if the employer is required to report W-2 data to the federal government by magnetic media. Currently, the federal government requires employers with 250 or more W-2s to file by magnetic media. The magnetic media filing threshold of 250 or more employees applies only to Colorado employees. Multi-state filers who have less than 250 Colorado employees will not be required to report on magnetic media, however, they are encouraged to do so."

The MRCO M/R Colorado Quarterly Magnetic Media Reporting enhancement for Sage MAS 90 Magnetic Media allows the user to:

Generate magnetic media compliant with the Colorado Quarterly Wage Information as required by the State of Colorado. This report includes the following data:

• Employee Name
• Social Security Number
• Wage Plan Code
• Employer Account Number
• Reporting Period
• State Quarter Wages Subject to Withholding
• State Quarter Wages Subject to Unemployment Insurance
• Colorado Personal Income Tax Withheld

Generate a summary report, after the creation of the magnetic media file, that reports the information needed to complete the Magnetic Media Transmittal Sheet that must be submitted with the magnetic media.

Note that MRCO requires that Sage MAS 90 Magnetic Media be installed.