The "Non-Resident Subcontractor Information Report (Form 120)" is issued by the Wyoming Department of Revenue, precisely by its Excise (Sales and Use) Tax Division. This form is essential to the state's regulatory framework for non-resident contractors and subcontractors working in Wyoming.
Purpose of the Form: The primary purpose of this form is to manage and regulate the activities of non-resident subcontractors operating within the state of Wyoming. It ensures compliance with state tax laws and helps monitor these contractors' work for tax purposes.
Who Should Use It: This form is intended for non-resident contractors and subcontractors undertaking projects in Wyoming. It's also relevant for resident contractors in Wyoming who are hiring non-resident subcontractors. Essentially, any contractor who doesn't have resident status in Wyoming but is conducting business there needs to complete this form.
Filling Out the Form: Specific details on how to fill out the form include providing information about the business, such as the name, address, details of the project in Wyoming, and information about the subcontracting entities involved.
Submission Method: The form can be submitted electronically through the Wyoming Internet Filing System for Business (WYIFS), a paperless solution for handling business taxes and contractor registrations. This system allows for secure and efficient filing and is part of the state's broader e-services initiative.