Regulatory Analysis

Posted March 21, 2019 by Matthew Gonnella
Washington Passes Legislation Adjusting Marketplace Collection Requirements

The State of Washington recently passed SB 5581 which simplifies economic nexus rules for remote sellers and marketplace facilitators which became effective immediately upon signing by the governor on March 15, 2019. The legislation eliminates the 200 sale threshold for economic nexus and codifies the $100,000 in annual sales threshold based on cumulative gross receipts on retail sales (previously […]

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Posted March 21, 2019 by Matthew Gonnella
Virginia Reduces Sales Tax Rate for Essential Personal Hygiene Products

Virginia recently signed SB 1715 into law which applies a reduced state sales tax rate of 1.5 percent for essential personal hygiene products which includes diapers, disposable undergarments, pads, menstrual cups, and tampons. The reduced sales tax rate for personal hygiene products will become effective on January 1, 2020 and will be taxed at the same rate […]

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Posted March 14, 2019 by Andrew Decker
New York Issues Advisory Opinion on Marketplace Liability

The New York State Department of Taxation and Finance has issued TSB-A-19(1)S which found that an online marketplace which sold software on behalf of third-party sellers could be viewed as a co-vendor liable for the collection and remittance of sales tax on the sales of prewritten software. The opinion states that if the marketplace collects and […]

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Posted March 8, 2019 by Tom Hospod
IRS Reminds Filers to Indicate Health Coverage

The IRS has published a notice reminding filers that, despite the repeal of the individual mandate in last year’s tax reform bill, individuals must still indicate on their return whether they had health coverage. ACA remains the law of the land for Tax Year 2018 – individuals were required to maintain and report coverage. The IRS […]

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Posted February 8, 2019 by Tom Hospod
Massachusetts Publishes TIR 19-1: Individual Mandate Penalties for Tax Year 2019

Massachusetts has released the individual mandate penalties for tax year 2019. Adults deemed able to afford health insurance, but fail to maintain health insurance coverage for any part of the year, may be subject to these penalties. Coverage must meet minimum creditable coverage standards established by the Health Connector. The penalties, which will be imposed through […]

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Posted February 8, 2019 by Paul Ogawa
California Updates Employee Withholding Allowance Certificate

The California Employment Development Department (EDD) recently published an updated version of Form DE-4, Employee’s Withholding Allowance Certificate. This form is used to provide employee withholding information for California income tax purposes. The only changes to the most recent version of this form were made in the dollar amounts listed in two sections: In Worksheet […]

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Posted February 8, 2019 by Paul Ogawa
California Updates Withholding Certificate for Pension or Annuity Payments

The California Employment Development Department (EDD) recently published an updated version of Form DE-4P, Withholding Certificate for Pension or Annuity Payments. This form is used to provide the EDD with information relating to the withholding of pension and annuity payments for individuals. There are only a few minor changes to the form, which include the […]

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Posted February 8, 2019 by Paul Ogawa
South Carolina Updates Transmittal Form for W-2 and 1099s Submitted by CD ROM or Paper

The South Carolina Department of Revenue recently released an updated version of Form WH-1612, Transmittal Form for W-2s or 1099s Submitted by CD-ROM or Paper. This form must be filled out by each filer submitting magnetic media or paper versions of Forms W-2 or 1099s, as it provides a summary of certain information including South […]

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Posted February 8, 2019 by Paul Ogawa
Wisconsin Extends W-2 and 1099 Filing Deadline for TY 2018

The Wisconsin Department of Revenue announced today that it will be extending the deadline for W-2 and 1099 filing automatically from January 31, 2019 to Monday, February 4, 2019. The Department notes that extreme weather conditions leading to business closings and delays with the US Postal Service are factors in this decision to extend the filing deadline. […]

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Posted February 8, 2019 by Paul Ogawa
Iowa Extends W-2 and 1099 Filing Deadline for TY 2018

The Iowa Department of Revenue announced today that due to technical difficulties with a segment of taxpayers attempting to file W-2 and 1099 reports electronically through the Iowa eFile & Pay system, the electronic filing deadline for these forms will be extended until February 28, 2019. Please note that all other functions of the eFile & […]

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Posted February 8, 2019 by Paul Ogawa
Colorado Publishes Updated Civil Tax Penalties and Interest Guidelines

The Colorado Department of Revenue recently published an updated version of FYI General 11: Colorado Civil Tax Penalties and Interest. This publication is a part of the FYI series that Colorado publishes, and provides information on civil tax penalties and interest rates for tax underpayments. There is only one update in the most recent version […]

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Posted February 8, 2019 by Tom Hospod
Ohio Publishes Employer Withholding Tax Due Dates 2018-2019 Payment Schedule

Ohio has published the due dates for Monthly, Quarterly, and Partial Weekly filers/payers in 2019. These dates apply to Forms IT-501 and SD-101. Partial weekly filers must submit a Quarterly Reconciliation on Form IT-942 and all filers must submit an annual reconciliation on Form IT-3. Monthly and Quarterly filers additionally submit annual returns on Forms IT-941 and […]

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Posted February 8, 2019 by Tom Hospod
New Mexico Revises Form RPD-41374

New Mexico has revised its Form RPD-41374, Annual Report of Non-Resident Remittees Holding an Agreement to Pay Tax on Oil and Gas Proceeds, which is used to report the distribution of oil and gas proceeds to each nonresident remittee who entered into an agreement to pay the tax on oil and gas proceeds. This form is […]

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Posted February 8, 2019 by Tom Hospod
Nebraska Releases 2019 Nebraska Lottery Winner Claim Form

Nebraska has released a 2019 version of its Form NE-LOT, Nebraska Lottery Winner Claim Form, which is filed for the purpose of gambling winning withholdings. The form only has one revision from last year’s version: winnings from the “Lucky for Life” game are now subject to withholding.

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Posted January 25, 2019 by Tom Hospod
ACA Information Reporting (AIR) Production to Begin January 17th

The IRS has announced that the Production environment for ACA Information Reporting (AIR) will be open beginning Thursday, January 17, for tax year 2018 electronic transmittals. It will go live at 9:00 a.m. EST. Additionally, prior year returns, including corrections and replacements, can be electronically filed once Production goes live.

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Posted January 25, 2019 by Tom Hospod
Idaho Updates Income Tax Withholding Guide

Idaho has revised its Income Tax Withholding Guide. It was last updated in June 2018. The only change to this publication was the addition of the new ID W-4, Employee’s Withholding Allowance Certificate, in the guide’s appendix (page 50). Idaho employees should enter their withholding allowances on this form rather than the federal Form W-4.

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Posted January 25, 2019 by Tom Hospod
North Dakota Publishes 2019 Withholding Tax Tables and Rates and Instructions for Wages Paid

North Dakota has released two publications relative to 2019 withholding: The Withholding Tax Tables and Rates and Instructions for Wages Paid. There are not any changes to the instructions – only to the rates and amounts for the various withholding/payment cycles.  Likewise, the Withholding Tax Tables – which show the amounts to withhold for each tax bracket for […]

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Posted January 25, 2019 by Tom Hospod
Kentucky Updates Withholding Information and Introduces New Form K-5

Kentucky has several updates relative to withholding, including Form 42A808, Authorization to Submit Employees Annual W-2 Information in EFW2 Format via Kentucky Department of Revenue Web Site; Form K-5, Employers Report of Withholding Tax Statement; and Form K-5 Instructions. There are slight changes to Form 42A808: This form can now be used to update contact information. A PIN is […]

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