Regulatory Analysis
Wisconsin has released Publication 166, the Wisconsin Withholding Tax Guide. This publication contains withholding information for Wisconsin employers, and there are a number of changes from the previous revision: The 2017 Wisconsin Act 59 made several changes to W-2 and information return reporting requirements, so now beginning with payments made in 2017: An employer or […]
Puerto Rico has released its 2017 Form 480.7C. This form is traditionally used to report retirement plans and annuities. Because of Hurricane Maria, this form is now being used this year to report eligible distributions related to the hurricane. There are a number of changes from the previous revision: New plan or annuity types to […]
The AEAT has announced that new functionality has been added to the SII, which will allow users to review invoices from specific clients and suppliers. The invoice information can be viewed individually by client or supplier, or can be sorted in groups. The AEAT has also announced new functionality that has been incorporated into the […]
Spain's tax administration (the AEAT) has announced the release of the SII 2018 deadline calculator. This tool is designed to help calculate the exact date by which each SII report should be submitted to the AEAT. Determining the exact day of the deadline can be confusing under the current system when factoring in weekends and other […]
On December 4th, 2017, Italy’s parliament adopted Law Decree no. 148, by way of Law no. 174. Under Article 5 of Law Decree no. 148, the current VAT rate of 10% would be increased to 11.14% effective January 1, 2018. However, the 2018 Italian budget bill currently provides for the reduced VAT rate to be 10% […]
The European Commission has proposed a Council Directive that would make permanent a minimum standard VAT rate of 15% for all Member States. The 15% minimum rate currently exists as a "transitional" measure, though it has been extended six times since its enactment in 1992. If approved, the permanent 15% minimum rate of VAT would take […]
Arizona's Department of Revenue recently published the 2017 versions of Form A1-T and the Instructions to Form A1-T. There are no substantive changes to either the Form or the Instructions. To view Form A1-T, please follow the link. To read the Instructions to Form A1-T, please follow the link.
Arizona's DOR recently published the 2017 version of Form A1-R and the Instructions to A1-R. There are no changes to Form A1-R and the Instructions. Please be advised that the filing deadline for Form A1-R is January 31, 2018. To view Form A1-R, please follow this link. To read the Instructions to Form A1-R, […]
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 […]