Regulatory Analysis
The New York State Department of Taxation and Finance has issued TSB-A-19(1)S which found that an online marketplace which sold software on behalf of third-party sellers could be viewed as a co-vendor liable for the collection and remittance of sales tax on the sales of prewritten software. The opinion states that if the marketplace collects and […]
The IRS has published a notice reminding filers that, despite the repeal of the individual mandate in last year’s tax reform bill, individuals must still indicate on their return whether they had health coverage. ACA remains the law of the land for Tax Year 2018 – individuals were required to maintain and report coverage. The IRS […]
Massachusetts has released the individual mandate penalties for tax year 2019. Adults deemed able to afford health insurance, but fail to maintain health insurance coverage for any part of the year, may be subject to these penalties. Coverage must meet minimum creditable coverage standards established by the Health Connector. The penalties, which will be imposed through […]
The Iowa Department of Revenue announced today that due to technical difficulties with a segment of taxpayers attempting to file W-2 and 1099 reports electronically through the Iowa eFile & Pay system, the electronic filing deadline for these forms will be extended until February 28, 2019. Please note that all other functions of the eFile & […]
The Colorado Department of Revenue recently published an updated version of FYI General 11: Colorado Civil Tax Penalties and Interest. This publication is a part of the FYI series that Colorado publishes, and provides information on civil tax penalties and interest rates for tax underpayments. There is only one update in the most recent version […]
The South Carolina Department of Revenue recently released an updated version of Form WH-1612, Transmittal Form for W-2s or 1099s Submitted by CD-ROM or Paper. This form must be filled out by each filer submitting magnetic media or paper versions of Forms W-2 or 1099s, as it provides a summary of certain information including South […]
Nebraska has released a 2019 version of its Form NE-LOT, Nebraska Lottery Winner Claim Form, which is filed for the purpose of gambling winning withholdings. The form only has one revision from last year’s version: winnings from the “Lucky for Life” game are now subject to withholding.
New Mexico has revised its Form RPD-41374, Annual Report of Non-Resident Remittees Holding an Agreement to Pay Tax on Oil and Gas Proceeds, which is used to report the distribution of oil and gas proceeds to each nonresident remittee who entered into an agreement to pay the tax on oil and gas proceeds. This form is […]
The California Employment Development Department (EDD) recently published an updated version of Form DE-4, Employee’s Withholding Allowance Certificate. This form is used to provide employee withholding information for California income tax purposes. The only changes to the most recent version of this form were made in the dollar amounts listed in two sections: In Worksheet […]
The California Employment Development Department (EDD) recently published an updated version of Form DE-4P, Withholding Certificate for Pension or Annuity Payments. This form is used to provide the EDD with information relating to the withholding of pension and annuity payments for individuals. There are only a few minor changes to the form, which include the […]
Ohio has published the due dates for Monthly, Quarterly, and Partial Weekly filers/payers in 2019. These dates apply to Forms IT-501 and SD-101. Partial weekly filers must submit a Quarterly Reconciliation on Form IT-942 and all filers must submit an annual reconciliation on Form IT-3. Monthly and Quarterly filers additionally submit annual returns on Forms IT-941 and […]
The Wisconsin Department of Revenue announced today that it will be extending the deadline for W-2 and 1099 filing automatically from January 31, 2019 to Monday, February 4, 2019. The Department notes that extreme weather conditions leading to business closings and delays with the US Postal Service are factors in this decision to extend the filing deadline. […]
North Dakota has released two publications relative to 2019 withholding: The Withholding Tax Tables and Rates and Instructions for Wages Paid. There are not any changes to the instructions – only to the rates and amounts for the various withholding/payment cycles. Likewise, the Withholding Tax Tables – which show the amounts to withhold for each tax bracket for […]
Kentucky has several updates relative to withholding, including Form 42A808, Authorization to Submit Employees Annual W-2 Information in EFW2 Format via Kentucky Department of Revenue Web Site; Form K-5, Employers Report of Withholding Tax Statement; and Form K-5 Instructions. There are slight changes to Form 42A808: This form can now be used to update contact information. A PIN is […]
The IRS has announced that the Production environment for ACA Information Reporting (AIR) will be open beginning Thursday, January 17, for tax year 2018 electronic transmittals. It will go live at 9:00 a.m. EST. Additionally, prior year returns, including corrections and replacements, can be electronically filed once Production goes live.
The Oregon Department of Revenue has published Bulletin 2018-02, containing the interest rates for refunds, deficiencies, and delinquencies for the year 2019. The interest rates will change effective January 1, 2019. Rather than 5% on refunds, deficiencies, and delinquencies, the interest rate will increase to 6%.
The Hawaii Department of Taxation has released revised versions of Form VP-1, Tax Payment Voucher; Form BB-1, Basic Business Application; and Form N-1, Declaration of Estimated Income Tax for Individuals. Filers should use these versions of the forms, as the prior versions are now obsolete. The only change to the VP-1 is that if a payment is submitted […]
The Connecticut has published Informational Publication 2018(8), Connecticut Tax Guide For Payers of Nonpayroll Amounts, in addition to revising AU-408, Specifications for Submission of 2018 State and Local Government Tax Exempt Income (TEI) Information and AU-409, Transmittal Form for Submission of State and Local Government Tax Exempt Income (TEI) Information. The following changes have been […]
Idaho has revised its Income Tax Withholding Guide. It was last updated in June 2018. The only change to this publication was the addition of the new ID W-4, Employee’s Withholding Allowance Certificate, in the guide’s appendix (page 50). Idaho employees should enter their withholding allowances on this form rather than the federal Form W-4.
Maine’s Revenue Services has published the final draft of “Electronic File Specifications for Forms 1099 and W-2G.” Revenue Services published a draft of the specifications in November 2018. No changes have been made from the draft version to the final version. To view the 2018 Electronic File Specifications, please follow the link.