Regulatory Analysis
Arizona's Department of Revenue recently released the 2017 versions of Form A1-APR and the Instructions to Form A1-APR. There are no changes to Form A1-APR. The Instructions to A1-APR reminds filers that if Form A1-APR is filed electronically, use Form A1-T to transmit federal Form(s) W-2, Form(s) W-2c, Form W-2 G (with Arizona withholding), and […]
Oregon's Department of Revenue recently published Bulletin 2017-1, "Annual Business Rate Update." The new bulletin addresses interest rates for 2018. There are no changes in the interest rate. The Tier One annual interest rate remains at 5%, the monthly at 0.4167%, and the daily at 0.0137%. Likewise, the Tier Two annual interest remains at 9%, […]
Oregon's Department of Revenue recently updated their iWire Troubleshooting page to inform filers that all 1099s for Tax Year 2017 (the 2018 filing season) will need to be filed electronically. This is a departure from previous years, where filers with fewer than 11 1099 returns could file paper returns. To view the iWire page, […]
Oregon released a 2017 version of its W-2 File Specifications. There are no substantive changes from last year's version. Please be advised that the filing due date is January 31, 2018. To read the Specifications in full, please follow the link.
Massachusetts's Department of Revenue recently published W-2 Specifications for TY 2017. The specifications establish that the Massachusetts DOR does not accept any magnetic media submissions of returns. Employers with 49 or less W-2 reports may choose to file online or submit paper forms. However, paper form copies of Form W-2’s must be accompanied by annual […]
Oklahoma has announced that employers with Oklahoma withholding/wage detail will be required to submit both W2/W3 and 1099 information returns to the Oklahoma Tax Commission via OKTAP for TY2017 no later than February 28, 2018. In TY2016, Oklahoma postponed the 1099 reporting requirement for employers but still required W2 information to be filed with […]
Iowa's Department of Revenue recently updated their reporting requirements for TY 2017. The following changes have been made to TY 2017's filing requirements: Businesses with fewer than 50 W-2s will not be required to file W-2s for Tax Year 2017 No entities will be required to file 1099s for Tax Year 2017 Businesses with 50 […]
Oregon's Department of Revenue recently published an "iWire FAQ and Troubleshooting Tips" guide for 1099 and W-2 filing. The guide provides detailed information about iWire and establishes solutions to common uploading problems. As a reminder, Forms W-2 and 1099-MISC are due January 31. All other forms 1099 are due on March 31. To read […]
Maryland's Comptroller's Office recently published the 2017 "Maryland Employer Reporting of W-2s Instructions and Specifications." There are no record layout changes for Tax Year 2017. The Comptroller's Office has increased the penalty for not filing 25 or more W-2s by machine media or electronically to $100. To read the specifications in full, please follow the link.
Maryland's Comptroller's Office recently updated the "Filing Requirements For W-2 Wage Data" webpage. This page establishes that filers with 25 or more information withholding statements must file in machine media or electronic format. The Comptroller's Office urges filers to file electronically to save time and processing costs. Failure to comply with the W-2 reporting rules […]
Maryland's Comptroller's Office recently updated the "Filing Requirements for 1099 Reporting" webpage. This page establishes that filers with 25 or more information returns must file magnetic media in IRS format, as referenced in IRS Publication 1220. Failure to comply with the 1099 reporting rules will result in a penalty of $100 for each violation, along […]
Maryland's Comptroller's Office recently published the 2017 "Maryland Employer Reporting of 1099s Instructions and Specifications." There are no record layout changes for Tax Year 2017. The Comptroller's Office has increased the penalty for not filing 25 or more 1099s electronically from $50 to $100. To read the specifications in full, please follow the link.
Minnesota recently made changes to the municipal bond reporting requirements through Minnesota Statute 289A.12, subdivision 14. The updated statute makes it mandatory for filers to report both exempt interest and exempt-interest dividends. Regulated investment companies paying $10 or more in exempt-interest dividends to a Minnesota resident, or anyone receiving $10 or more in exempt-interest or […]
Minnesota recently published the 2018 version of their Income Tax Withholding Instruction Booklet and Tax Tables. This publication includes all pertinent information relating to income tax withholding rules and instructions in Minnesota, and also includes withholding tax tables for the calendar year. There are changes to the information in the publication for 2018, which […]
Montana recently published an updated version of Form ETR, the Montana ACH Credit Payment Registration form. This form is used to register businesses with the Montana Department of Revenue for the purposes of utilizing the ACH credit payment system. There are a few minor updates to the form, which are as follows: The form […]
Rhode Island recently published the revised interest rates for delinquencies and overpayments for the year of 2018. These interest rates apply to delinquent tax payments, and tax overpayments made during the 2018 calendar year. For 2018, the delinquent tax payment rate will remain at 18% per annum, as it was in 2017. The […]
New York has released its 2018 Employee’s Withholding Allowance Certificate (Form IT-2104). This form is completed by employees and given to the employer to instruct the employer how much New York State tax to withhold from the employee’s pay. There are some changes from the previous revision: The worksheet and charts used to compute withholding […]
New York has released its 2018 Publication NYS-50-T-NYS. This publication contains the 2018 Withholding Tax Tables and Methods for New York State. There are a number of changes from the previous revision: Effective for payrolls made on or after January 1, 2018, employers must use the revised tax withholding tax tables and methods in this […]