Regulatory Analysis

Posted January 16, 2023 by Radhika Akhil
EPRA Announces Changes to Environmental Handling Fees on E-Waste Products Across Canada Effective February 1, 2023

1/16/2023 The Electronic Products Recycling Association (EPRA) recently announced that several provinces will be updating their environmental handling fees on e-waste products effective February 1, 2023. These provinces include British Columbia, Saskatchewan, Manitoba, Quebec, New Brunswick, Nova Scotia, Prince Edward Island, and Newfoundland & Labrador. There are a wide variety of products affected, such as […]

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Posted January 13, 2023 by Erik Wallin
Massachusetts Supreme Court Rejects Cookie Nexus

1/13/23 The Massachusetts Supreme Judicial Court recently held that the use of cookies, apps, and content distribution networks does not constitute in-state physical presence for the purpose of holding an online retail liable for sales and use tax. To read the opinion click here.

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Posted January 13, 2023 by Alec Webb
Colorado Releases Wage Withholding Tax Guide for Tax Year 2022

The State of Colorado has released its Wage Withholding Tax Guide as of December 2022. The publication contains guidance for state wage withholdings and W-2 reporting to the Colorado Department of Revenue. There are minor changes to the 2022 Wage Withholding Guide including minor grammatical fixes, an update to the publication year and interest rate […]

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Posted January 13, 2023 by Alec Webb
Michigan W-2 and 1099 Specifications Remain Unchanged for Tax Year 2022

The State of Michigan Form 447 – Transmittal for Magnetic Media Reporting of W-2s, W-2Gs and 1099s remains unchanged for Tax Year 2022. Form 447 contains information regarding requirements for electronic and magnetic reporting for W-2 and 1099 transmittals. The Michigan Department of Treasury, Technical Section has confirmed there will be no new specifications released […]

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Posted January 13, 2023 by Alec Webb
Massachusetts Releases 1099-HC for Tax Year 2022

The Massachusetts Department of Revenue has released the 1099-HC form for Tax Year 2022. The 1099-HC form is required for reporting the Massachusetts health care coverage per the state’s reporting requirement and individual mandate. There have been no changes to the form from tax year 2021. To view the 2022 1099-HC, please click here.

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Posted January 13, 2023 by Alec Webb
Rhode Island W-2 Electronic Filing Specifications Remain Unchanged for Tax Year 2022

The Rhode Island W‐2 electronic filing specifications remain unchanged for Tax Year 2022. The Rhode Island Division of Taxation has confirmed there will be no changes to W-2 electronic filing requirements for Tax Year 2022. The current publication for W-2 filing requirements was last revised in February 2018. To view the current W‐2 electronic filing […]

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Posted January 13, 2023 by Alec Webb
California Releases 2022 1099 Electronic Filing Specifications

California has released its 1099 electronic filing specifications via a webpage on the Franchise Tax Board Website. California’s 1099 electronic filing specifications follow the IRS’s Publication 1220 electronic filing format. There are no state-specific changes for filing with California. To view California’s 1099 electronic filing specifications, please click here.

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Posted January 13, 2023 by Alec Webb
Delaware Updates W-2 & 1099 Filing Requirements for Tax Year 2022

Delaware has updated its W-2 and 1099 filing requirements for Tax Year 2022. Delaware follows EFW2 and Publication 1220 formats for electronic filing specifications for W2 & 1099 reporting. But for 1099 corrections submissions, the 1220 format specifications are not supported. Also, reconciliation form W-3 has been replaced by form WTH-REC. Bulk Submitters must submit […]

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Posted January 13, 2023 by Jesse Rooney
New Jersey Releases 2022 W-2 Electronic Filing Specifications

New Jersey has released its electronic filing specifications for Form W-2 for tax year 2022.  New Jersey largely uses the federal EFW2 standard, but has specifications for the State RS record. There are no changes to the specification for the state-specific RS record compared with last published direction from the state. To review the electronic […]

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Posted January 13, 2023 by Alec Webb
South Carolina Releases Form RS-1, W-2 & 1099 Specifications

South Carolina has released its 2022 RS-1 Form. This publication provides specifications for electronically reporting forms W-2 & 1099 to South Carolina. There are no record layout changes or any other changes from last year’s publication. To Review RS-1 Form and W-2/1099 Specifications, please click here.

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Posted January 13, 2023 by Jesse Rooney
Idaho Releases 1099, W-2 Electronic Filing Guides for 2022

Idaho has released is 1099 and W-2 electronic filing guides.  These publications provide specifications for electronically reporting forms 1099 and W-2 to Idaho. There are no changes to the specifications for either 1099s or W-2s.  There is also no change to reporting direction.  Reportable 1099s and W-2s must be filed with Idaho by February 28, […]

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Posted January 13, 2023 by juliaolienyk
Virginia Publishes Web Upload W-2, W-2C, and 1099 Guide

The Virginia Department of Revenue recently published its Web Upload – W-2, W-2C, and 1099 Guide for tax year 2022, which provides electronic filing specifications and guidance for filing information returns with the state. There were no substantive updates to the specifications or guidance in this publication. To view Guide, click here.

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Posted January 12, 2023 by Paul Ogawa
IRS Confirms Publication 1220 Error Related to Combined Federal/State Reporting System

The IRS recently confirmed a printed error in their most recent release of Publication 1220, which contains guidance and electronic reporting specifications for 1099 forms and other information returns. In the December 2022 release of Publication 1220, the IRS published a table of state codes for the Combined Federal/State Reporting (CF/SF) system which included newly […]

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Posted January 10, 2023 by Freda Pepper
Required Distribution Date for IRAs is changing

On December 29, 2022, President Biden signed the Omnibus Bill (HR 2617) also known as SECURE ACT 2.0.  The new law includes provisions that will incrementally increase the required beginning date for Mandatory Distributions for Individual Retirement Accounts.  In most states, for purposes of unclaimed property, the dormancy trigger period is delayed until the requirement […]

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Posted December 29, 2022 by Paul Ogawa
IRS Releases Update to Publication 1220 for Tax Year 2022

The IRS recently made several updates to Publication 1220. The most impactful change is the addition of District of Columbia and Pennsylvania to the list of states participating in the CFS program. Each has been assigned a code (DC Code 11 PA Code 42). Neither state has released guidance about participating in the IRS program. The guide […]

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Posted December 27, 2022 by Alec Webb
Illinois Releases 1099 Electronic Transmission Program Guide

Illinois has released its 2022 Forms W-2G and 1099 Electronic Transmission Program Guide FIRE Format. Starting January 1, 2022 you are only required to submit forms 1099-K issued to a payee with an Illinois address electronically, if you are required by the IRS to electronically file forms 1099-K. For reporting periods starting January 1, 2022 […]

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Posted December 27, 2022 by Alec Webb
North Carolina Releases 2022 W-2 File Layout Specifications

North Carolina has released its 2022 W-2 Electronic Specifications. There were no changes from last year’s publication. Penalty for failure to file reconciliation form NC-3 with each W-2, 1099 statement in electronic format via DOR eNC3 platform continues from last year. The informational return penalty is $200. Please see W-2 Specifications here.

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Posted December 27, 2022 by Alec Webb
Missouri Releases 2022 W-2 and 1099 Electronic Filing Specifications for Tax Year 2022

Missouri recently released its W-2 Specifications and 1099 Specifications for tax year 2022. Besides date and minor grammar changes, there were no changes to the specifications. Please see W-2 Specifications here. Please see 1099 Specifications here.

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