Regulatory Analysis
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 […]
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 […]
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 […]
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.
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.
The District of Columbia Department of Revenue has released its 2022 W-2 & 1099 Specifications. A procedure for validating all W-2 & 1099 bulk file electronic submissions has been updated by the District of Columbia. This is designed to detect errors before submitting bulk files. District of Columbia has specified the threshold for Manual Online […]
The Maryland Department of Revenue has released its 2022 1099 Electronic Filing Specifications. Maryland has established the electronic filing threshold for 1099s is 25 or greater submissions. Further, Maryland encourages electronic filing of all 1099s. All 1099 electronic filings through Maryland’s Secure File Transfer Protocol server must the follow format as set in Federal Publication […]
The Montana Department of Revenue has released their 2022 Employer Withholding Guide. As of Tax Year 2023, Montana will not mail paper MW-1 Withholding Tax Vouchers. Copies of the forms must be downloaded online. Significantly, Montana has added Form 1042-S forms that must be reported to Montana with Form MW-3. The reporting due date is […]
In a late breaking release, the IRS published Notice 2023-10 which provides updated guidance for 1099-K reporting. Addressing concerns about the timeline of implementing the changes to Section 6050W through the American Rescue Plan Act and noting the potential for personal transactions to be unintentionally included, the IRS states in Notice 2023-10 that calendar year […]
Oregon 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.
Indiana has released its SFTP Bulk Upload Guide for forms WH-1 and WH-3. Indiana recently passed legislation to transform their Bulk Filing process. Indiana is also transitioning from the old “INtax” system to a new, modernized “INTIME” Tax portal. Please note the guidance explicitly states that if you are a third-party provider, you do not […]
Indiana has published updated W2 and WH3 electronic filing requirements. There have been no changes to W2 filing specifications Indiana has made some additions to W2 and WH3 electronic filing requirements. An extension request to file for WH3 must be made by Jan 31 by submitting Form 8809. All extension requests must be made through […]
Illinois Published 2022 W-2 and W-2C Electronic Transmission Program Guide. Besides year updates and formatting changes, error code descriptions have been updated. There are no other changes. To view the specifications, click here.
Minnesota has updated Fact Sheet 19: Form 1099-B Municipal Bond Payment Reporting Information There have been instruction updates for “B” Record Position 448-487 “Payee City” and Position 488-489 “Payee State”. You can view Minnesota Fact Sheet 19 here for reference.
As of 2023, file submission by Manual Method or Simple File is only available for 1099-MISC forms. Submission by Manual Method or Simple File not available for all other 1099 forms. Last Year all 1099 forms could be submitted using Manual Method or Simple File. All 1099 forms can be submitted following 1220 format. Only […]
Minnesota has released its 2023 Employer Withholding Guide. If you employ a Minnesota resident who works outside the United States, you are required to withhold Minnesota tax on wages subject to U.S. federal income tax withholding. All wages earned by Minnesota residents (no matter where the work was physically performed, including outside of the United […]
The Ohio Department of Taxation releases electronic filing specifications for forms W-2 and 1099-R for the 2022 tax year. The due date for filing both W-2 and 1099-K has been changed from March 2, 2022 to January 31, 2023. Additionally, the threshold and limits for Social Security wage base, employer and employee tax rate for […]
Montana has recently published the 2022 Employer Withholding Guide. Montana has added a reporting requirement for Form 1042-S for Foreign Persons U.S. Based Income Subject to Withholding. The form must be filed directly with Montana if there is a withholding amount of $600 or more. It is due to Montana by January 31st. The 1042-S […]