September 2022 Vertex Update (.dat) For New Mexico Workers Compensation (WC) OPT_OUT
(Doc ID 2898717.1)
Last updated on SEPTEMBER 26, 2022
Applies to:Oracle HRMS (US) - Version 12.1.3 and later
Information in this document applies to any platform.
In the Calculation Guide for the September 2022 Vertex update (.dat), there is a new OPT_OUT functionality for the State of New Mexico Workers Compensation and Quantum version 4.4.6.
Users can now opt out of the tax calculation for certain taxes and have the gross and tax amounts returned as form values other than current tax and gross.
Where is the new form or Descriptive Flexfield on the New Mexico State Tax Form?
Or a new or modified form where the WC checkbox is checked in the Tax Exemption region of the State Tax form?
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