Regulatory Analysis
The ACA Information Return (AIR) production environment will begin on January 15, 2019, 9:00 EST, allowing filers to begin transmitting the relevant returns. It will be closed until then to allow for 2019 updates. For both the production and test environments, filers will be able to submit for tax years 2015-2018.
The District of Columbia Office of Tax and Revenue has published the 2018 Electronic Filing Specifications for W-2/W-2c and 1099/W-2G. There are slight modifications to the W-2 specifications that should be noted: Data files may now be in either a .txt or .zip format If you are a DC taxpayer and indicate as such on the portal, […]
The Minnesota Department of Revenue has revised the Error Rejection Codesrelative to electronic filing for tax year 2018. Specifically, the M1, M2, M3, M4, and M8 ERCs have been updated. The codes listed are errors that filers may receive for incorrect filing (in terms of the filing specifications), explanations of the meanings of the codes, and […]
The Alabama Department of Revenue recently published the quarterly interest rate for the first quarter of 2019. This interest rate is used to calculate interest on underpayments and overpayments (where applicable), with the exception of land sold by the state for taxes which is taxed at a higher rate. The interest rate for the first […]
The Minnesota Department of Revenue has revised Fact Sheet 2, W-2 and W-2c specifications for tax year 2018. The main update to this publication is the addition of W-2c filing information. The following information has been updated from the prior year’s version: W-2c information will not be submitted in the same manner as W-2 information. The […]
The Minnesota Department of Revenue has revised Fact Sheet 2a, 1099 specifications for tax year 2018. The following information has been updated from the prior year’s version: Filers with 10 or fewer forms (W-2s plus 1099s) may send paper copies rather than filing electronically. These paper copies should be sent to: Minnesota Revenue, Mail Station 1173, […]
The Louisiana Department of Revenue has recently released the W-2 and 1099 specifications for tax year 2018. These specifications are based on the Social Security Administration’s EFW2 guidance as well as IRS Publication 1220 and are used for the electronic reporting of W-2s and 1099s to the state. There are no changes to the specifications […]
The Pennsylvania Department of Revenue recently issued Tax Update 199, a bi-monthly e-newsletter detailing tax changes and updates made by the Department of Revenue. One of the more prominent updates in this publication involves the W-2 electronic filing threshold: for tax year 2018, any employer who files 10 or more W-2 forms is required to file those […]
New Mexico has released “Income and Withholding Information Return and Filing Methods 2018,” FYI-330. This document provides direction to payors filing annual wage and tax information reporting returns to the state. The document details significant changes to the 1099 and W-2 filing processes. New Mexico will now accept 1099 and W-2 returns through its new […]
The Idaho State Tax Commission recently published an updated version of their Annual Withholding Report Instructions. These instructions are used in conjunction with Form 967, which must be filed with W-2s and 1099s reported to the state. The only change to these instructions was the addition of the 2019 interest rate, which is 5% per […]
The State of Michigan recently passed a law (Public Act 118 of 2018) that requires wage statements such as Forms W-2, W-2G, 1099-R, and 1099-MISC to be submitted to the state on or before January 31, 2018. This change was made to match Michigan’s deadline to both that of the Michigan Department of Treasury’s and the […]
Connecticut recently released instructions and specifications for reporting income from tax-exempt instruments. The specifications themselves have not changed, but the instructions for reporting have been revised as detailed below: The address for sending reports has not changed, but the reports should now be sent to the attention of “2018 TEI Data Submissions.” Similarly, the contact […]
The Pennsylvania Department of Revenue has updated the General Information and Specifications for W-2 and PA W-3 Quarterly Filing. As a reminder, Pennsylvania no longer accepts W-2s and 1099s on CD. The following changes have been made to the publication: First, Instructions have been added on uploading W-2s to e-TIDES and REV-1997 Annual Withholding Reconciliation […]
The IRS has published Notice 2018-94, which intends to announce the deadline extension for some 2018 information reporting obligations by insurers, self-insuring employers, and other providers of minimum essential coverage under IRC § 6055 and four applicable large employers under § 6056. Specifically, this notice extends due dates for 2018 Forms 1095-B and 1095-C from January […]
Puerto Rico will postpone many forms of tax reporting payments, including reports and payment related to W-2s and withholding, in the month of December 2018. Reports and payments due between December 6 and December 20 will be due December 21. Puerto Rico is delaying payment and reporting as it rolls out its new SURI tax […]
The Vermont Department of Taxes has published a memo regarding the interest rates for overpayments and underpayments of taxes for calendar year 2019. This past year, the overpayment annual interest rate was 4%, and will increase to 4.75% for 2019. This past year, the underpayment annual interest rate was 6%, and will increase to 6.75% for 2019.
The North Carolina Department of Revenue has published its annual revision of Publication NC-30, 2019 Income Tax Withholding Tables and Instructions for Employers. There are several changes of which filers and taxpayers should take note: The individual tax rate has been decreased to 5.25% The definition of “wages” has changed, effective June 12, 2018, to align […]
The Louisiana Department of Revenue has released its Fourth Quarter Employer’s Return of Louisiana Withholding Tax Form L1, for the months of October, November, and December, which is due to the Department by January 31, 2019. Every employer who is required to withhold Louisiana state income tax is required to file this return on a quarterly basis, […]