Regulatory Analysis
North Dakota recently released the 2021 version of it’s Income Tax Withholding Guideline, the employer’s guide to withholding for the state. Few changes were made this year, most of which revolve around the addition of federal Form 1099-NEC. These are detailed below: • Under reportable payments, 1099-NEC reportable payments have been differentiated from 1099-MISC reportable […]
The New York State Department of Taxation and Finance recently published an updated version of Publication 69, Electronic Reporting of Quarterly Combined Wage & Withholding Tax Information. This publication provides guidance and electronic filing specifications for withholding tax information relative to certain wage information to the Department. While the electronic reporting specifications themselves remain unchanged […]
The Iowa Department of Revenue recently published an update to certain Administrative Rules relating to a variety of topics including filing W-2 and 1099 forms. In 2019 the Department of Revenue adopted an amendment to Iowa Administrative Code Chapter 46 that inadvertently moved the annual deadline for filing Verified Summary of Payment (VSP) Reports, W-2 […]
DE VDA Invitation Letters Update: February 19, 2021 Pursuant to 12 Del. C. §1173(b), the Delaware Secretary of State (SOS) has distributed a new wave of letters inviting companies to enter the unclaimed property Voluntary Disclosure Agreement (VDA) Program. Holders have 60 days from the date of the letter to enroll in the SOS VDA […]
District of Columbia recently released its tax year 2020 Specifications for Electronically filing DC Health Care Information Returns. The revision date is listed as 1/15/2021. Several minor changes have been made along with some more impactful ones. The most notable of these changes are detailed below: • Added reminder that no format but pipe-delimited .txt […]
Arkansas recently released its 2021 Withholding Tax Employer’s Instructions, the booklet of information for Employers covering the general range of topics for employers withholding from wages and non-wage compensation. Most of the changes for tax year 2021 are formatting and grammatical in nature, but there are some changes that may affect employers. These changes are […]
The Ohio Department of Taxation recently announced that Form 1099-NEC is required if the form reports Ohio state withholding. Reporting must be done by scanning paper copies and submitting them via e-mail to the Department of Taxation at IncomeStatementsEWT@tax.state.oh.us with the proper identification because the current electronic filing system is not capable of processing electronically […]
Pennsylvania has announced that due to technical issues, it will be extending the filing deadline for forms W-2, 1099, and REV-1667 to February 5, 2021. The e-tides system has experienced significant technical difficulties with the high volume of users attempting to upload large volumes of information at the same time, resulting in the inability for […]
Based on prior year filing requirements relating to nonemployee compensation reporting, North Dakota will require Form 1099-NEC for tax year 2020 going forward. In prior years North Dakota required information returns if the record in question was subject to two conditions: the person resides, owns property, or carries on a trade or business in North […]
Indiana recently released updates to both its W-2 and WH-3 Guide and its W-2G and 1099 Guide which are the specifications for electronic filing. Few changes were made but the most important of these are listed below. Most notable is that all references to the RV record have been removed, and that Indiana states that […]
The California Franchise Tax Board (“FTB”) recently published its January 2021 issue of the Tax News bulletin which outlines certain tax and regulatory updates. In this bulletin the FTB announced a new filing requirement for Form 1099-NEC beginning in tax year 2020. Payers are required to report nonemployee compensation payments on Form 1099-NEC to the […]
The Alabama Department of Revenue recently confirmed by telephone that payers will be required to file Form 1099-NEC with the state in accordance with existing information return filing requirements. Alabama has not updated their guidance to date and is unlikely to do so prior to the state’s due date for 1099 forms. However, Form 1099-NEC […]
Maine recently released its 2021 specifications for electronic transmission of quarterly and amended quarterly withholding. There were a few notable changes to the specifications. The most important of these have been detailed below. Specifications for Electronic Transmittal of Income Tax Withholding • (T) Record o Locations 123-136 Field – Added “Overpayment to be refunded. Line […]
On December 8, 2020. The Puerto Rico Secretary of Hacienda signed Regulation 2020-9237 expanding sales tax collection requirements to include Remote Sellers and Marketplace Facilitators effective 1/1/21. Businesses that have at least $100,000 in gross sales or 200 individual sales transactions during any preceding 12-month period have an obligation to collect and remit sales tax. […]
Delaware’s Division of Revenue recently updated it’s W-2 and 1099 FAQ which covers a variety of topics and questions about filing forms W-2 and 1099 series forms with Delaware. A few notable changes were found and are detailed below. • Form 4804 is no longer required for 1099 submissions to the state that do not […]
Ohio recently posted its 2020-2021 payment schedule for withholding tax due dates. This document covers the entirety of tax year 2021. The dates for 2021 payments have been shifted to account for weekends and holiday closures. To view the complete schedule, click here.
The IRS recently released its 2020 Publication 5258, the Affordable Care Act (ACA) Information Returns (AIR) Submission Composition and Reference Guide. This guide is for processing of ACA related forms during processing year 2021. There were some notable changes to the document which have been detailed below. In addition to these changes, several changes were […]
The Idaho State Tax Commission recently published updated e-Filing guides for information returns, specifically W-2 and 1099 reports. These publications contain instructions, guidance, and specifications for filing these information return types electronically with the state. There are several updates to these publications, which are as follows: 1099 e-Filing Guide: Instructions for 1099s with Idaho Withholding […]