Regulatory Analysis
In response to the U.S. Supreme Court’s decision in South Dakota v. Wayfair, California will soon require certain out-of-state retailers to collect and remit use tax on sales into California. Beginning April 1, 2019, out-of-state retailers are required to collect California state use tax if their sales into California exceed either $100,000 or 200 or more separate […]
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 […]
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 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 […]
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 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 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 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.
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 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 […]
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 […]
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 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 […]
On November 28, 2018, the 7th Circuit Court of Appeals issued a ruling in Lebamoff v. Rauner, reversing a lower court grant to dismiss the case. It involves an action by an Indiana wine retailer to challenge a law in Illinois that permitted in-state retailers to ship wine to any Illinois resident, while prohibiting out-of-state […]
The IRS has issued Notice 2018–231, which is intended to remind filers of the January 31 due date for Forms W-2, Forms W-3, and Forms 1099-MISC reporting non-employee compensation in box 7. This due date change was introduced pursuant to the PATH Act of 2015. These forms must be filed correctly and timely in order to […]
The IRS has published Notice 2018–91, explaining the 2018 required amendments list for individually designed qualified retirement plans. The purpose of this notice is to provide information on the remedial amendment period for a disqualifying provision arising as a result of a change in the qualification requirements. This period is extended to the end of the […]
The North Carolina Department of Revenue has updated its eNC3 Frequently Asked Questions. The following information has been added: Filers must submit NC-3 electronically. A new $200 penalty will apply for the 2018 Tax Year for failure to file in the format prescribed by NC DOR on any NC-3 that is not filed electronically or does […]
The Connecticut Department of Revenue Services (DRS) has published IP 2018(12): Forms 1099-R, 1099-MISC, 1099-K, and W-2G Electronic Filing Requirements for Tax Year 2018. There are several changes to these specifications: This publication now applies to all 1099-K filings – the due date for these filings is no later than 30 days after filing them with […]