The CP8 diskette serves as the soft copy submission for income tax reporting. Before generating the file, ensure that all required information under Addresses & Account No. is accurately maintained. Complete the End Month Process to ensure that the full-year pay amount is properly reflected, and confirm that This Month is set to 13 (December).
Steps to Generate the CP8 File
Go to the Government.
Select Income Tax Reports.
Under Government Reports, choose CP8 Yearly.
Click the Disk button.
Select the directory to store your diskette file — for example, your Desktop.
Two similar files in .TXT format will be generated and saved in the selected location.
Copy both files into a diskette for submission purposes.
Verifying Tax Account Information
Go to Housekeeping.
Select Setup, then Addresses & Account No.
Click the Magnifier button to select the appropriate Category.
The tax account types range from 21 to 25.
Important: The Organization Type must appear as TAX, and both the Employer File No. and Income Tax File No. is mandatory for successful submission.