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Mississippi Withholding Tax Cash Bond
Extracted from PDF file 2023-mississippi-form-89-505.pdf, last modified May 2017Withholding Tax Cash Bond
Form 89-505-21-8-000 (Rev. 08/21) STATE OF MISSISSIPPI BOND NUMBER _____________________ KNOW ALL MEN BY THESE PRESENTS, THAT _________________________________________________________________, As Principal, does hereby deposit with the Department of Revenue, the sum of _____________________________________Dollars ($_______________), in regard to this Withholding Tax Cash Bond. WHEREAS, the said Principal herein, intends to engage in, or is presently engaging in the business of employee leasing in the State of Mississippi; and WHEREAS, Miss. Code Ann. §27-7-305, as amended, requires any firm that engages in the business of employee leasing to give a cash bond or an approved surety bond in an amount sufficient to cover twice the estimated withholding tax liability for a period of three (3) months. NOW THEREFORE, the conditions of this bond are that the Principal herein shall comply with all provisions of the Laws, Rules and Regulations of the State of Mississippi, as now or hereafter amended, pertaining to Mississippi income tax withholding, and shall pay all withholding taxes, penalties, and interest provided for or required by the Laws, Rules and Regulations of the State of Mississippi, as now or hereafter amended. NOW THEREFORE, there is attached to this bond and assigned as security therefore the following: It is a further condition of this bond that on notice of the Department of Revenue of the State of Mississippi that said Principal herein is delinquent under the Laws, Rules and Regulations of the State of Mississippi pertaining the Mississippi income tax withholding, said Principal shall immediately pay to the Department of Revenue for the benefit of the State of Mississippi all withholding taxes, penalties, interest and such other expenses, including attorney’s fees, and any other expenses as might be incurred in collecting this tax, penalty and interest, and on failure so to do, said withholding taxes, penalties, interest and such other expenses shall be charged against the money deposited herein, and the Mississippi Department of Revenue is hereby authorized to apply said money deposited herein to the payment of said withholding taxes, penalties, interest and such other expenses which the Principal fails to pay. Upon termination of the employee leasing business of the Principal herein in the State of Mississippi, and upon determination by the Department of Revenue of the State of Mississippi that all withholding taxes, penalties, interest and other expenses due the State of Mississippi by the Principal herein have been paid, the balance of the money deposited herein, after all charges and payment for delinquent taxes, penalties, interest and expenses, shall be paid to the Principal herein. Witness my signature this ________ day of _______________, 20____. Principal: ___________________________________________________________________________________ Owner, Agent or Officer: ________________________________________________________________________
89505163.pdf
More about the Mississippi Form 89-505 Other TY 2023
We last updated the Withholding Tax Cash Bond in February 2024, so this is the latest version of Form 89-505, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form 89-505 directly from TaxFormFinder. You can print other Mississippi tax forms here.
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TaxFormFinder has an additional 36 Mississippi income tax forms that you may need, plus all federal income tax forms.
| Form Code | Form Name |
|---|---|
| Form 89-140 | Annual W-2 and 1099 Information Return (Fill In Version) |
| Form 89-350 | Withholding Exemption Certificate |
| Form 89-506 | Withholding Tax Surety Bond |
| Form 89-386 | Affidavit for Withholding Income Tax on Sale of Real Estate by Non-Resident |
| Form 89-505 | Withholding Tax Cash Bond |
View all 37 Mississippi Income Tax Forms
Form Sources:
Mississippi usually releases forms for the current tax year between January and April. We last updated Mississippi Form 89-505 from the Department of Revenue in February 2024.
Historical Past-Year Versions of Mississippi Form 89-505
We have a total of three past-year versions of Form 89-505 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
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