Regulatory Analysis
In response to the U.S. Supreme Court’s decision in South Dakota v. Wayfair, Pennsylvania will soon require certain out-of-state retailers to collect and remit sales tax on sales into Pennsylvania. Beginning July 1, 2019, out-of-state retailers are required to collect Pennsylvania state sales tax if their gross sales into Pennsylvania exceed $100,000 during the previous twelve […]
Last year, the Wyoming Department of Revenue (DOR) announced new “economic nexus” rules, expanding the number of businesses that will be required to collect and remit tax on sales made into the state. We have recently confirmed with the Wyoming Liquor Control Division (LCD) and the DOR that licensed wineries making direct-to-consumer (DtC) sales to […]
The 2019 Finance Act has introduced a reduction in the tax on pleasure craft insurance. The rate will move down from 1.34% of the sum insured to 1% of the sum insured. The change applies to insurance policies where the insurance premium is due on 01 February 2019 or later. The tax on pleasure craft […]
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 West Virginia State Tax Department has released the 2018 versions of Form WV/IT-103, West Virginia Withholding Year End Reconciliation; WV/IT-105, W-2 Electronic Media Specifications; and WV/IT-105.1, 1099 and W-2G Electronic Media Specifications. There are no changes to the electronic specifications There are slight revisions to the WV/IT-103: As announced earlier, year-end reconciliations will be due on January 31. […]
The Vermont Department of Taxes has published its 2019 Income Tax Withholding Instructions, Tables, and Charts. The following revisions have been made from the previous version, published in 2017: Tax tables have been adjusted to reflect new computing methods and changes in tax rates. Instructions for computing Vermont income tax withholding have been added: Withholding is […]
The Mississippi Department of Revenue has published its Publication 89-700-18, 2019 Withholding Income Tax Tables And Employer Instructions as well as its Form 89-140-8-1, Annual Information Return. The following revisions were made to the 89-700: The marginal income tax rates have changed. Now, the first $2,000 is taxed at 0%; the next $3,000 is taxed at 3%; […]
The Missouri Taxation Division has published a revised W-4P, Withholding Certificate for Pension or Annuity Statements, as well as its 2018 Employer Reporting of 1099 Instructions and Specifications Handbook. The only change to the W-4P was the web address for the calculator used to determine the withholding amount: http://dort.mo.gov/tax/calculators/withhold/ The following changes have been made to the 1099 […]
The District of Columbia Office of Tax and Revenue has released several forms and instructions related to tax year 2018 withholding for the 2019 filing season. The following forms have been updated with no changes to the form other than the tax year to “2019:” FR-900NP – Annual Return for Withholding Reported on Forms 1099 and/or W-2G FR-900Q – […]
The Delaware Division of Revenue has released a publication listing the 2019 withholding tax due dates for Eighth-Monthly (Form W1A), Monthly (Form W1), and Quarterly (Form W1Q) withholding filers. Returns should be received by the due date of each return. For those filing electronically, transactions must be initiated at least one day prior to the due date. […]
The Utah State Tax Commission has revised its Form TC-69, Utah State Business and Tax Registration. Filers should note the following changes from the form’s prior revision last month: Faxing this form is no longer an option. If not filing electronically, taxpayer should mail the completed copy of this form. Electronic options for business and tax […]
The Georgia Department of Revenue has updated several of its withholding forms, including the G-1003 (Withholding Income Statement Return); GA-V (Withholding Monthly Payment Voucher); G-7Q (Withholding Quarterly Return For Quarterly Payer); and G-7M (Withholding Quarterly Return For Monthly Payer). The only changes to these forms are the barcodes on the coupon/vouchers. There are no changes to the form formats […]
The Virginia Department of Taxation has published Bulletin 18-6, containing the interest rates for overpayment and underpayment of taxes for the first quarter of 2019. The interest rates will change for this upcoming quarter. Rather than 7% on overpayments and underpayments, the interest rate will increase to 8%.
The Oklahoma Tax Commission has published its 2019 Income Tax Withholding Tables, Packet OW-2. The new tables become effective January 1, 2019. The only change is that employers with Oklahoma withholding/wage details must submit W-2 and W-3 for tax year 2019 by January 31, 2020. Previously, including tax year 2018 (due in 2019), the due date […]
The Michigan Department of Treasury has published the 2019 version of Form 447, “Transmittal for Magnetic Media Reporting of W-2s, W-2Gs and 1099s to the State of Michigan.” The included instructions also serve as the specifications for filing the same forms mentioned in the title to Form 447. There are no changes to the specifications […]
The Minnesota Department of Revenue has published its 2019 Instruction Booklet and Tax Tables for withholding. This guide will become effective January 1, 2019. There are a few changes of which filers and taxpayers should be aware: The interest rate for 2019 will be 5% The W-2 and 1099 e-services systems have been upgraded. Filers may upload […]
The Mississippi Department of Revenue has released 2018 Publication 89-145, Procedures and Specifications for Filing Wage and Tax Information Electronically, applicable to the electronic filing of W-2s and 1099s. There are no changes to the specifications themselves other than the replacement of references to 2017 replaced with references to 2018.
On December 27, 2018, Council Directive (EU) 2018/2057 was published in the Official Journal of the European Union, and it will enter into force on the twentieth day following that date. It amends the EU VAT Directive (2006/112) to provide for temporary application of a generalized reverse charge mechanism (GRCM) relative to supplies of goods and services […]