Do I have to report both the dollars and the cents?

Yes. All dollar and cents amounts MUST be reported. For example, “$25” must be reported as 25.00 and “$25.49” must be reported as 25.49 in the file. This applies to “zero” due returns too. A “zero” must be reported as 0.00 in the file. You MUST include the decimal point with all filing except the payroll in the MMREF/EFW2 format.