Designate/Update Elections for Exemption of Coverage (LLC Corporation)

Background Information:

Process Name:

Designate/Update Elections for Exemption of Coverage (LLC Corporation)

Role:

•      Internal user

Objective(s):

The objective of this process is for an Internal User to designate the elections of coverage on behalf of multiple owners who each individually own greater than 25% of an LLC Corporation.

Before you begin:

•      The LLC Corporation will need to have a reason to change or designate their exemption elections. (Multiple owners with at least 25% share can designate exemption elections.)

•      The LLC Corporation will have completed and printed a form, signed it, and mailed it into DEW in order for the process to begin.

What happens next:

•      SUITS reflects the updated exemption elections.

 

How to do it:

#

User Action

System Response

Notes

1. 

Click the Employer Services left-navigation menu item from the Home screen.

SUITS displays the Employer Services Maintenance screen.

 

2. 

Click the Update Owner Officer Exemption Election hyperlink.

SUITS displays the Coverage Exemption Election Maintenance screen.

 

3. 

Enter or search for the Employer Account ID.

 

Staff can use the Magnifying Glass feature to search for an employer if the Employer Account ID is not known.

4. 

Click the Search button.

SUITS will display the Employer Information panel and the Search Results panel.

 

5. 

For each owner, select either the ‘Yes’ or ‘No’ radio button to designate the election.

 

Choosing ‘Yes’ will exempt the owner or officer from having their earnings taxed.

 

Choosing ‘No’ will not exempt the owner or officer.

6. 

Enter an Election Begin Date

 

An Election Begin Date is required for either a ‘Yes’ or ‘No’ election.

7. 

Enter an Election End Date, if applicable.

 

An Election End Date is required when the election is changing from ‘Yes’ to ‘No’ and is optional for an election changing from ‘No’ to ‘Yes’.

8. 

Click the Save button.

SUITS saves the exemption election updates.

 

9. 

 

SUITS sends a message to the employer portal notifying the employer of the updated exemption elections.