What is form GA-V used for?

Form GA-V is used as the Georgia Monthly Withholding Tax Return. This form is specifically designed for employers in Georgia to report and submit state income tax withheld from employees' wages. By filing this form, employers fulfill their legal obligation to remit the appropriate amount of state taxes to the Georgia Department of Revenue on a monthly basis.

The use of GA-V is crucial for maintaining compliance with state tax regulations and ensuring that employee withholding is properly accounted for. This form typically requires details about the total number of employees, the gross wages paid, and the total amount withheld for state taxes.

In contrast, the other options refer to different types of tax-related documents or returns that serve separate purposes. Quarterly tax returns would not be accurate for the specific timing and frequency of this reporting, while yearly financial statements are generally used for summarizing a company's financial position over the course of a year. Employee tax exemption forms typically address individual employee tax statuses rather than the broader withholding requirements that GA-V covers.