Arkansas Finance Department Releases Income Tax Form AR-3Q-TEX, Annual Reconciliation of Texarkana Employee’s Exempt Wages

The Arkansas Department of Finance and Administration Feb. 15 released Form AR-3Q-TEX, Annual Reconciliation of Texarkana Employee’s Exempt Wages, with instructions, for individual income and corporate income tax purposes. Employers must enter: 1) their name, address, account ID, tax year, city, state, and zip; 2) the total number of Form AR-TX, Wage Exemption, issued to Arkansas residents and to Texas residents; and 3) the amount of wages exempted. The form also includes instructions requiring the employer to state whether the employee is a complete year resident of Texarkana. The employer must give the employees two copies of the form and ...