Regulatory Analysis

Posted March 8, 2022 by Paul Ogawa
Mississippi Released Publication 89 145 for Tax Year 2021

Mississippi released Publication 89 145 Procedures and Specifications for Filing Wage and Tax Information Electronically. Along with formatting and grammar updates, the Mississippi state specific filing instructions for 1099-NEC have been removed. The Department of Revenue will follow IRS specifications for the current year and prior two years with certain specifications. To review the full […]

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Posted March 8, 2022 by Paul Ogawa
Virginia Recently Updated Forms VA-5 Monthly and Quarterly, V-6, V-6H, VA-15, and VA-16

Virginia recently updated a number of forms. Form VA-5 Monthly & Quarterly is the Employers Return of Virginia Income Tax Withheld for Monthly and Seasonal Filers. Form V-6 Employers Annual or Final Summary of Virginia Income Tax Withheld Return and Form V-6H Household Employers Annual Summary of Virginia Income Tax Withheld Instructions. Form VA-15 is […]

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Posted March 8, 2022 by Robert Beck
Connecticut Releases 1099 Specifications for 2021 Tax Year

Connecticut recently released its 2021 specifications for electronic filing of 1099 series forms with the state. Labeled Informational Publication 2021(15), the document covers specifications for Forms 1099-R, 1099-MISC, 1099-K, 1099-NEC, and W-2G for electronic filing. The revision date for the new document is listed as November 18, 2021. There have been several changes made for […]

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Posted March 8, 2022 by Robert Beck
Connecticut Releases W-2 Specifications for 2021 Tax Year

Connecticut recently released Informational Publication IP 2021 (13), which is the Form W-2 Electronic Filing Requirements for tax year 2021. The official release revision date is listed as November 18, 2021. There were no substantive changes to the specifications this year, the only notable changes being that the dates have been updated for the 2021 […]

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Posted March 8, 2022 by Paul Ogawa
Virginia Releases Updates to Income Tax Withholding Guide for Employers and Web Upload W-2, W-2C, and 1099 Guide

Virginia recently published a revised Income Tax Withholding Guide for Employers and Web Upload W-2, W-2C, and 1099 Guide. The revised Income Tax Withholding Guide for Employers provides updated guidance for withholding from employees. The Web Upload W-2, W-2C, and 1099 Guide provides electronic filing specifications for W-2, W-2C, and 1099. Income Tax Withholding Guide […]

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Posted March 8, 2022 by Paul Ogawa
IRS Releases Processing Year 2022 Publication 5165

The IRS recently released the updated Publication 5165 for tax year 2021. Publication 5165 is the Guide for Electronically Filing Affordable Case Act (ACA) Information Returns for Software Developers and Transmitters. Notable changes are detailed below. Year updated throughout Publication 4600 removed from reference documents Proposed regulation reduces threshold from 250 to 100 separate information […]

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Posted March 8, 2022 by Paul Ogawa
Vermont Released 2021 Specifications for 1099, W2, and WHT434

Vermont recently released GB 1117 Vermont Specifications for eFiling of 1099 Information Returns, GB 1118 Vermont Specifications for Electronic W2 (EFQ-2) Filing, and GB 1119 Vermont WHT 434 Specifications for Electronic Filing. All forms update the year throughout and GB-1118 specifies the account ID format (WHT-XXXXXXXX) for RS position 248-267. There were no other changes. […]

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Posted March 8, 2022 by Paul Ogawa
Oregon Releases W 2 and OR 1099 addendum for tax year 2021

Oregon recently released its iWire W-2 Specifications and OR Publication 1220 Addendum for tax year 2021. Besides date and minor grammar changes, there were no changes to the specifications. To view the W-2 Specifications, click here. To view the 1099 Addendum, click here.

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Posted March 8, 2022 by Sovos
Maine Releases 2021 Electronic File Specifications for Form W-2

Maine recently released Electronic File Specifications for Forms W-2. Unimpactful changes include updated dates to reflect the new tax year, added due date section to the table of contents, and moved language (Maine still does not accept W-2C). Impactful changes include a new penalty, changed due date, and change to payers required to submit Form […]

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Posted January 21, 2022 by Sovos
2021 NAIC Year-End Disclosure Checklist

On January 18, the NAIC released the Annual Statement Disclosure Checklists for year-end 2021 reporting. The NAIC provides four different checklists for different statement types: Health, Life/Fraternal, P&C and Title. To view the checklists, go to the Statutory Accounting Principles Working Group’s webpage. Once the page has loaded, click on the “Documents” tab in the […]

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Posted January 7, 2022 by Robert Beck
Wisconsin Releases Update to Publication 117

Wisconsin recently released a new update to Publication 117, the Guide to Wisconsin Wage Statements and Information Returns. Aside from updating the revision date from September to October of 2021, the only notable change to the publication was the removal of Form W-2G from the list of forms that can be filed electronically in the […]

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Posted December 6, 2021 by Paul Ogawa
Illinois Releases Illinois W-2 and W-2c Electronic Transmission Program Guide EFW2 and EFW2C Format 2021 Forms W-2 and W-2c filed in 2022.

Illinois recently released an updated transmission guide for 2021 Form W-2 and W-2C filed in 2022. Most changes to the transmission guide are the result of consolidating information from other sources, clarifying information from the previous guide, or updating dates to reflect the new tax year. General Information. • Illinois begins accepting 2021 W-2 and […]

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Posted December 6, 2021 by Paul Ogawa
Maine Released 2021 Electronic Specifications for Forms 1099 and W-2G

Maine recently released 2021 Electronic Specifications for Forms 1099 and W-2G. The most notable changes include: • Added sections: Due Date (pg. 3) and Forms Required (pg. 4). • Penalty: Any person who is required to file an information return in accordance with 36 M.R.S. §5242 and who fails to do so on or after […]

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Posted December 6, 2021 by Paul Ogawa
Nebraska Releases Updated Form 941N and Form 501N

Nebraska recently updated forms 941N and 501N for tax year 2021. Form 941N is the Nebraska Income Tax Withholding Return, used for employers to report withholding to Nebraska. Form 501N is for Nebraska Monthly Income Tax Withholding Deposit. The most notable changes are below. 941N • Various wording changes • Taxpayers under the ImagiNE Nebraska […]

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Posted December 6, 2021 by Robert Beck
Nebraska Releases Updated Forms W-3N and Amended Form W-3N

Nebraska recently released updated versions of its Form W-3N and Amended Form W-3N, the Nebraska Reconciliation of Income Tax Withheld and the form for sending an amended W-3N. Several minor grammatical changes were made this year, but there were a few notable changes to both forms and instructions which are detailed below: • Line 5 […]

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Posted December 6, 2021 by Paul Ogawa
Connecticut Releases Updated Instructions for Filing and Paying Taxes Electronically

Connecticut recently updated instructions for Filing and Paying Taxes Electronically or IP 2021 (5). This publication was previously IP 2020(6). The most notable changes are detailed below. • List of tax types available to file through DRS myconneCT expanded to include everything except those covered by TSC including alcoholic beverages, bottle deposit, public services taxes, […]

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Posted December 6, 2021 by Jesse Rooney
Ohio Revises W-2/1099 Reporting Requirements for Tax Year 2021

Ohio has announced a series of revised requirements for reporting W-2s and 1099s to the state for tax year 2021, reporting in 2022. All filers issuing 10 or more Forms W-2 and/or 1099-R will now be required to remit those forms using the Ohio Business Gateway. Previously, the electronic filing threshold for Forms W-2 and […]

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Posted December 6, 2021 by Paul Ogawa
Nebraska Releases Updated Circular EN for 2022

Nebraska recently released the 2022 version of the Nebraska Circular EN. A partial revision of this publication was released in 2020, however this is the first full revision since 2017. The Nebraska Circular EN is the state’s guide on income tax withholding for wages, pensions and annuities, and gambling winnings. The most notable changes are […]

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