Regulatory Analysis

Posted March 30, 2018 by Tom Hospod
Alabama Announces Interest Rates for Second Quarter of 2018

The Alabama Department of Revenue has announced the per annum interest rate applicable for overpayments and underpayments during the second quarter of Tax Year 2018. The rate for the previous quarter was 4%, and it will increase to 5% for the second quarter.

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Posted March 30, 2018 by Paul Ogawa
South Carolina Releases Updated Instructions and Specifications for W-2 Reports

The South Carolina Department of Revenue recently released an updated version of Publication RS-1, Instructions and Specifications for Filing Forms W-2. This publication is used for guidance when filing W-2 reports with the South Carolina Department of Revenue, and provides specifications for electronic (including magnetic media) filing.   Please note that the deadline for W-2 […]

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Posted March 30, 2018 by Paul Ogawa
California Releases Updated Electronic Filing Guide for Quarterly Wage & Withholding Program

California recently released an updated version of Publication DE-8300, Electronic Filing Guide for Quarterly Wage & Withholding Program. This publication contains the instructions and specifications for filing Form DE-9C, Quarterly Contribution Return and Report of Wages. DE-8300 is used in conjunction with Publication DE-44, California Employer’s Guide, for withholding reporting to the California EDD.   […]

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Posted March 21, 2018 by Paul Ogawa
Arizona Releases Updated Quarterly Withholding Tax Return

Arizona recently released an updated Form A1-QRT, Quarterly Withholding Tax Return. This form is used by businesses to report their quarterly withholding amounts and payment deposits.   There are a few changes to the latest version of this form, which are as follows: The annual deposit schedule date has been moved up from February 28 […]

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Posted March 21, 2018 by Lee Pender
Oregon Releases Updated Combined Payroll Tax Report

Oregon recently published their updated Combined Payroll Tax Report for 2018. This publication primarily serves as an instructional and regulatory guide for employers filing and remitting taxes related to their businesses.   There are a number of updates to this publication from previous years, which are as follows: Form OR-WR, Annual Reconciliation, has been updated […]

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Posted March 21, 2018 by Adam Rivera
IRS Updates Publication 5258

The IRS has updated Publication 5258. Publication 5258 is the ACA Information Returns Submission Composition and Reference Guide and is used to electronically file Forms 1094 B and C, and Form 1095 B and C with the IRS.   Tables 5-4, 5-8, and 5-10 were updated to remove a statement that said “UserID is not […]

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Posted March 16, 2018 by Tom Hospod
Oregon Releases 2018 Form OR-WR, Oregon Annual Withholding Tax Reconciliation Report

The Oregon Department of Revenue has published its Form OR-WR Oregon Annual Withholding Tax Reconciliation Report, to be used for reporting information related to Tax Year 2018. The return’s due date is 1/31/2019. This form is now used to reconcile both withholding and statewide transit taxes; previous versions of the form were only used for withholding. […]

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Posted March 16, 2018 by Nicolette Chasse
West Virginia Publishes Electronic Media Specifications For 1099 and W-2G

West Virginia's Tax Department published the 2017 version of the Electronic Media Specifications for 1099s and W-2Gs.  There are no substantive changes from the 2016 Specifications.  To view the specifications in full, please follow the link.

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Posted March 16, 2018 by Nicolette Chasse
Mississippi Updates Withholding Tax FAQs

Mississippi updated their Withholding Tax FAQs.  While there are no substantive changes to the FAQs, the Department of Revenue has now included links to key documents and websites.  To read the updated FAQs, please follow the link.

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Posted March 16, 2018 by Paul Ogawa
Pennsylvania Issues New 1099-MISC Withholding Tax Requirements

As a follow up to Information Notice 2017-01 issued in January 2018, the Pennsylvania Department of Revenue recently issued new 1099-MISC Withholding Tax Requirements. These instructions contain reporting and payment instructions for payers responsible for reporting payment data relating to 1099-MISC reporting to the state of Pennsylvania.   Beginning on January 1, 2018, anyone making the following […]

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Posted March 6, 2018 by Adam Rivera
IRS Updates Publication 5258, AIR Submission Composition and Reference Guide

The IRS has updated Publication 5258, the AIR Submission Composition and Reference Guide. There are a number of changes from the previous revision: Corrected Text in Section 6.3 New note to indicate that TY2017 AATS begins with either AATS1094B or AATS1094C, and for prior year (TY2015, TY2016) transmissions, the Receipt ID format begins with either […]

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Posted February 26, 2018 by Paul Ogawa
Hawaii Publishes Updated Employer’s Tax Guide

The State of Hawaii Department of Taxation recently published an updated version of Booklet A, Employer’s Tax Guide. This publication provides detailed information on filing and paying withholding tax in the state of Hawaii.   This publication was last updated in 2013, so there are several updates to the language of the publication. These changes […]

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Posted February 26, 2018 by Adam Rivera
IRS Releases 2018 General Instructions for Certain Information Returns

The IRS has released the 2018 General Instructions for Certain Information Returns. These instructions provide filers with information they need to help file a variety of 1099 and 5498 forms. There are a number of changes from the previous revision: Backup withholding rate has changes to 24% from 28% For Form W-2, only one extension […]

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Posted February 26, 2018 by Paul Ogawa
Oregon Releases 2018 Plain Paper Specifications

The State of Oregon Employment Department recently released their 2018 Plain Paper Specifications. These specifications are used to create substitute versions of Form 132 and other print resources.   There is only one change to the 2018 version of the specifications, which is: The Column Positions for “State Withholding Taxes” and “Page Total Withholding Taxes” […]

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Posted February 20, 2018 by Nicolette Chasse
Maine Publishes 2018 Version of Form W-3ME, Reconciliation of Income Tax

Maine's Revenue Services recently published a 2018 version of Form W-3ME, the Reconciliation of Maine Income Tax Withheld in 2018. There are no changes to the form itself.  Electronic copies of payee statements must be filed with the Maine Revenue Services no later than January 31.  The filing date is still February 28.   To […]

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Posted February 20, 2018 by Paul Ogawa
Hawaii Publishes Updated Withholding Forms and Publications

The State of Hawaii Department of Taxation recently published a number of updated forms used for withholding tax reporting and payment purposes. These forms and slips have been updated, but include only minimal changes for Tax Year 2017/Filing Year 2018.   HW-2: State Income Tax Withheld and Wages Paid There were no changes made to […]

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Posted February 20, 2018 by Nicolette Chasse
North Carolina Updates 2018 Specifications for 1099s

North Carolina's Department of Revenue recently updated Form eNC3, the Specifications for 1099 Reporting.  There have been no changes to the specifications.  The DOR has changed the deadline for Form 1099-K from March 31 to January 31.   To read the specifications in full, please follow the link.

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Posted February 20, 2018 by Adam Rivera
IRS Announces New Regular and Backup Withholding Rate for 2018 Form W-2G

The IRS announced a new and regular backup withholding rate for the 2018 Form W-2G. Form W-2G is used to report gambling winnings and any federal income tax withheld on those winnings.   Effective for taxable years beginning after December 31, 2017, the withholding rate applicable to winnings of $5,000 or more from sweepstakes, wagering […]

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