2019 Inflation Adjustment Amounts ReleasedThe IRS has released new inflation-adjusted amounts for 2019. These inflation-adjusted figures generally apply to tax years beginning in 2019 or transactions or events occurring in calendar year 2019....
Enrolled Agent Application, Renewal Fees to DoubleBecoming and remaining an enrolled agent or enrolled retirement plan agent will soon cost more. The IRS is proposing to increase the fees for becoming and renewing as an enrolled agent to $67. The fee...
CT - Quarterly list of distributors issuedThe Connecticut Department of Revenue Services has issued a quarterly list of persons who have become, or are no longer, licensed as distributors for Connecticut motor fuels tax purposes since the cur...
DC - Food donation credit enactedThe District of Columbia enacted an income tax credit for donating food to nonprofit organizations. The credit is available to:individual taxpayers;corporations; andunincorporated businesses.How Much ...
GA - Pdf attachment not required in e-file formatThe Georgia Department of Revenue has issued a policy bulletin clarifying that a pdf attachment is not required when a particular income tax credit form is electronically submitted in the Modernized E...
HI - DOT amends summary of 2018 tax legislationThe Hawaii Department of Taxation (DOT) has amended its previous announcement listing laws enacted as part of the 2018 legislative session that amended or affected tax laws administered by the DOT, wh...
IL - Illinois reduces rate on industrial insuredsIllinois lawmakers voted to override Gov. Bruce Rauner's veto of legislation that:reduces the premiums tax rate on industrial insureds; andestablishes new minimum capital and surplus thresholds for ca...
KS - Withholding tax guide revisedThe Kansas DOR withholding tax guide has been revised to apply to wages paid on or after January 1, 2017. The guide provides information on rates, reporting and payment, registration, and other withho...
KY - Interest rate increases in 2019For 2019, the interest rate the Kentucky Department of Revenue charges on unpaid taxes is 7%. This is a 1% increase over the current 2018 interest rate of 6%. The interest rates can be viewed at ...
MS - Vaiden imposes new tax On January 1, 2019, the city of Vaiden, Mississippi, begins imposing a tourism, parks, and recreation tax. Authorization of the levy was previously reported.Tax RateThe new tax is imposed at a rate of...
MT - IRC Sec. 965 guidance issuedCorporate taxpayers should attach the IRC 965 Transition Tax Statement to their Montana return and include the total amount of gross income from IRC Sec. 965 dividends as "other additions" o...
NH - Governors responds further to wayfairFollowing the decision in South Dakota v. Wayfair, Inc., U.S. Supreme Court, Dkt. No. 17-494, June 21, 2018, New Hampshire Governor Chris Sununu joined Attorney General Gordon MacDonald and Busin...
NY - 2019 withholding tables releasedRevised New York State and Yonkers withholding tables and methods apply to payrolls made after 2018.The revised state schedules reflect the middle class tax cut enacted by the 2016 budget bill.Supplem...
NC - Motor fuels tax rate increased for 2019The North Carolina motor fuels tax rate for gasoline, diesel, and alternative fuels is increased from 35.1 cents per gallon to 36.2 cents per gallon.When is the New Rate Applicable?The new rate applie...
OH - Dot announces mailing of billing noticesThe Ohio Department of Taxation (DOT) has announced that it has begun mailing Federal Adjusted Gross Income (FAGI) billing notices to resolve discrepancies between income tax return information report...
PA - Withholding regulation amendedPennsylvania reduced the threshold requirement for 250 to 10 or more for the electronic transmission of the annual personal income tax withholding reconciliation statement. In addition, "magnetic...
SD - South Dakota reaches wayfair settlementThe litigants of South Dakota v. Wayfair have entered into a settlement agreement.Wayfair Settlement Agreement TermsThe parties reached a settlement that:removes the injunction; andsets Janu...
