Regulatory Analysis
California recently released the 2023 California Employer’s Guide (DE 44) and the 2023 Household Employer’s Guide (DE 8829). The “Household Employer’s Guide” has been renamed to “California Employer’s Guide”. A summary of key changes is noted below. To make an adjustment to incorrect UI, ETT, SDI, and/or PIT after DE 9 was filed, file a DE 88 […]
The 2023 version of the W-4R and W-4P were released January 9, 2023. In 2022, taxpayers had the option to use either the 2021 Form W-4P or the 2022 Forms W-4P and/or W-4R in 2022. However, beginning January 1, 2023, the 2023 W-4P and W-4R must be used. W-4P is now used only to make […]
Louisiana recently published the 2023 version of R-20201, Electronic Fund Transfer (EFT) Guidelines. This publication provides details and procedures for taxpayers using EFT to submit payment to the Louisiana Department of Revenue. There is only one change made to the latest version of the Publication R-20201. Tax Codes 08431-08435 have been added for “Retail Dealers of […]
Nebraska recently updated form 501N for tax year 2022. Form 501N is for Nebraska Monthly Income Tax Withholding Deposit. There were no substantive changes from the 2021 version. To view Form 501N, click here.
The Minnesota Department of Revenue recently updated Form W-4MNP, Withholding Certificate for Pension and Annuity Payments. This form is used by distribution recipients to report taxpayer information and exemptions to the payors, who use the information for withholding tax purposes. While the form and payee instructions saw minor updates, the payor instructions saw substantial changes. […]
The Utah State Tax Commission recently published an updated version of Publication 14, Withholding Tax Guide. This publication provides guidance and information for taxpayers relative to withholding tax payment and reporting, along with W-2 and 1099 reporting information. Note that this most recent release is effective as of January 1, 2023; the version effective for […]
The IRS recently released a revision to Publication 1586, Reasonable Cause Regulations and Requirements for Missing and Incorrect Name/TINs. There were minor grammar and punctuation changes as well as updates to revision date and years. Additionally, the following notable changes were made: · Penalty rate tables updated to reflect new rates, including annual inflation adjustments […]
Publication 1179 was updated for 2022. Publication 1179 is the general rules and specifications for substitute Forms 1096-1098-1099, 5498, and certain other information returns. In addition to updates in year, bulletin number, and slight wording changes, the Publication also incorporates changes made to individual forms for 2022. There were no substantial updates to the publication […]
The IRS recently released an update to the 2022 Publication 5165. This publication contains the specifications for electronic filing of Federal Affordable Care Act forms in the AIR system. This update for the 2022 filing season is purely cosmetic in nature and contains no actual changes to the substantive information contained within the publication itself. […]
On April 20, 2022, Nebraska Governor Pete Ricketts signed LB 984 into law. As part of the new law, feminine hygiene products will be exempted effective October 1, 2022. Feminine hygiene products are defined as “tampons, panty liners, menstrual cups, sanitary napkins, and other similar tangible personal property designed for feminine hygiene in connection with […]
The IRS has released its 2022 Form 5498, which is used for reporting IRA contributions and Form 5498-ESA which is used for reporting Coverdell ESA contributions. Few changes were made to either form for this year other than the form year and dates across the form being updated for the 2022 tax year. Notably, the […]
The IRS has released a continuous use format version of Form 1099-MISC for use beginning in Tax Year 2022. This form is used for reporting various non-employment income including fishing boat proceeds, medical and health payments, substitute payments in lieu of dividends or interest, crop insurance proceeds, gross proceeds paid to an attorney, fish purchased […]
The IRS has released its 2022 Form 941. Form 941 is the employer’s quarterly federal tax return. There are a number of changes to the form. Most notably, the 2022 form now requires the reporting of qualified medical and family leave paid in 2022 for the period of time from April to October, 2021, setting […]
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 […]
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 […]
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 […]
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 […]
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, […]