Regulatory Analysis
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 South Carolina Department of Revenue has issued a new Form SCDOR-111, Tax Registration Application. Taxpayers should note the following changes to the form: There is a new mailing address to which to send the completed form: SC Department of Revenue, P.O. Box 125, Columbia, South Carolina 29214-0850 Clarification that Field 1 should contain the taxpayer’s […]
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 […]
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.
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 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 […]
As part of the Fiscal Year 2020 Executive Summary, Rhode Island Governor Gina Raimondo, proposes imposing a sales tax on digital downloads of videos, music, and books. Additionally, the summary proposes the elimination of a loophole that allowed online third-party marketplaces to avoid sales tax. At this time, there is no further legislative language describing exactly when or how […]
On 17 January 2019, the European Court of Justice delivered its judgment in Case C-74/18, concerning the location of risk rules for insurance premium tax purposes. The case concerns insurance written by the UK insurer, referred to as ‘An Ltd’, which operates in Finland on a freedom of services basis, without a separate permanent place […]
On 31 December 2018 a decree establishing certain tax benefits for the North Border Zones in Mexico was published in the country’s Official Journal. The benefits aim to bring some stimuli and competitiveness to taxpayers resident in the targeted area during 2019 and 2020 by reducing the rate of income tax (impuesto sobre la renta […]
The New York Department of Taxation and Finance has issued Notice N-19-1 announcing its intention to enforce collection of sales tax from remote sellers. The Department has found that the United States Supreme Court ruling in South Dakota v. Wayfair (138 S.Ct. 2080 [2018]) has activated New York Tax Law 1101(b)(8)( i )(E) and 1101(b)(8)(iv). […]
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%; […]