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 […]
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 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.
The States of Guernsey recently published Bulletin 2017/7, "Common Reporting Standard and US IGA ("FATCA") Corrections for Reporting Period 2016." The Bulletin aims to make reporting Financial Institutions aware that formal Notices may be issued by the Director requiring correction reports for FATCA and/or CRS filing depending on the submissions already filed. In regards […]
The Department for International Tax Cooperation for the Cayman Islands updated their AEOI news page, announcing that the AEOI Portal continues to be offline. The reopening of the Portal will be updated both through an Industry Advisory notice as well as on the AEOI Portal News and Updates page, linked below. Additionally, the DITC […]
Maryland recently published the 2018 version of their Withholding Tax Facts, which is a publication that details certain information relating to withholding taxes on a state and local level in Maryland. Other than changes in the listed years in the publication (from 2017 to 2018), the only relevant update is a change in the […]
Michigan recently published an updated Form 447, Transmittal for Magnetic Media Reporting of W-2s, W-2Gs and 1099s. This form generally accompanies any magnetic media submissions of withholding reporting data submitted to the Michigan Department of Revenue. There are a few changes to the updated form, which are as follows: An address for courier deliveries […]
Missouri has released its 2017 Employer’s Tax Guide. There are a number of changes from the previous revision: Effective January 1, 2018 for tax year 2017, Section 143.591, RSMo requires employers with 250 or more employees to submit the Transmittal of Tax Statements (Form MO W‑3) and accompanying Form W‑2’s and Form 1099-Rs electronically The […]
The IRS has updated the Form W-9 Instructions. Form W-9 is used by filers to request correct TIN information in order to file information reports with the IRS. There are number of changes to the W-9 Instructions from the previous revision: Form W-9 Instructions Changes Changes made to Payees Exempt From Backup Withholding section […]
Nebraska has released an updated version of Publication 21CM and 21EFW2. These publications are used by those who wish to electronically file 1099s and W2s with Nebraska. The only change from their previous revisions is that the due date for Form W-3N, and all Forms W-2, 1099-MISC, 1099-R, and W-2G showing Nebraska income and withholding […]
Massachusetts recently passed legislation in the Fiscal Year 2018 budget that grants the Commissioner of Revenue the authority to create additional reporting requirements that differ from the federal requirements under the Internal Revenue Code. Using this authority, the Commissioner of Revenue has made changes to the reporting requirement of third party settlement organizations (“TPSOs”) relating […]
Colorado recently released an updated version of FYI General 11: Colorado Civil Tax Penalties and Interest. This publication provides guidance on annual interest rates relating to tax underpayments and penalty information. There was one correction to the publication which involves the daily calculation of interest: the parenthetical that accounts for leap year using 366 […]
Idaho's Tax Commission recently updated their 1099 and W-2 E-Filing Guides. There are no substantive changes to either guide. The Commission reminds filers that Forms 967 and W-2 are due by January 31, and that 1099s are due by February 28; it is possible to submit Forms 967, W-2, and 1099 simultaneously on or before January 31. […]
North Carolina has released the 2017 eNC3 1099 Specifications. These specifications are effective for all submissions made on or after January 1, 2018. Prior year data, original and corrected, must be filed according to these specifications. Additionally, a separate submission is required for each tax year. There are some changes from the previous revision: […]
North Carolina has released the 2017 eNC3 W-2 Specifications. These specifications are effective for all submissions made on or after January 1, 2018. Prior year data, original and corrected, must be filed according to these specifications. Additionally, a separate submission is required for each tax year. There are some changes from the previous revision: […]
Canada recently released an updated version of their Form T4A, Statement of Pension, Retirement, Annuity, and Other Income, along with a guide for filling out and submitting Form T4A, Publication RC4157. Form T4A is used by payers to report payments from pensions, annuities, and other similarly situated payment types to the Canadian Revenue Agency. […]
The IRS has updated Form W-9. Form W-9 is used by filers to request correct TIN information in order to file information reports with the IRS. There are number of changes from the previous revision: Form W-9 Changes Box 3 Note has changed “Check the appropriate box in the line above for the tax […]