1. What is the Reporting Information card for the US?
  2. How do I configure federal reporting info on the Reporting Information card?

3How do I configure federal reporting info on the Reporting Information card?

You use the card's Reporting Information component detail to configure reporting info at the federal level.

When you add the Reporting Information calculation component to the card's Federal component, it automatically creates this component detail section.

  1. Open the person's Reporting Information card for editing.

  2. Add the Reporting Information calculation component to the Federal component group.

    This creates these Third-Party Interfaces component details.

    • Reporting Information

    • Third-Party Interfaces

  3. Expand Reporting Information.

  4. Set these values.

    Field name

    How you use it

    Legal Representative

    Identify this person as a legal representative of the company.

    Corporate Officer

    Identify this person as a corporate officer or their relationship with a corporate officer.

    As this is required by multiple states, specify it at the federal level.

    Note:

    Most states require Yes or No values for this field; however, Washington DC allows others. If you select a value other than Yes or No for any state other than Washington DC, processes like the Third-Party Tax Filing Interface interpret the value as No.

    Eligible for Retirement Plan

    Employee eligibility for employer-sponsored retirement plans is based on a combination of:

    • Amounts fed to specific balances

    • Kinds of retirement plans in which the employees are participating

    In some cases, you must manually select this value to Yes to ensure proper reporting on Form W-2.

    An employee is automatically marked as eligible for the retirement plan on Box 13 of their W-2 when any of the following balances has a value greater than $0.

    • W2 401k

    • W2 403b

    • W2 408k

    • W2 501c

    • W2 Pension Plan

    • W2 Roth 401k

    • W2 Roth 403b

    Reporting Location for Work-At-Home Employees

    Select from a list of locations that have already been defined for work-at-home employees. Leave blank if the employee isn't work-at-home.

    Used for multiple worksite reporting.

    Family Member with Majority Interest

    Designate if the employee or a family member owns majority interest of this business.

    Probationary Code

    Identify employees hired on a trial basis.

  5. Save your work.

For further info, see Oracle Cloud Human Capital Management for the United States: Payroll Third-Party Tax Filing Interface (1594079.1) on My Oracle Support.