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...
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 - Timber producer tax credit enactedGeorgia enacted an income tax credit for timber producers with losses related to Hurricane Michael. The tax credit is available to taxpayers that have suffered losses and that will have to incur signi...
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...
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...
LA - Tax credit regulations adoptedThe Louisiana Department of Revenue has adopted income tax regulations governing the Motion Picture Production Tax Credit Program and the Rehabilitation of Historic Structures Tax Credit.Qualified Ent...
MD - Information for 2018 season announcedThe Maryland Comptroller’s Office has reminded corporate and personal income taxpayers of several changes for the upcoming 2018 filing season. Some of the changes involve tax credits, subtractio...
MI - Tribunal interest rate increasedThe interest rate applicable to amounts of Michigan tax determined by the Michigan Tax Tribunal to be unlawfully paid or underpaid is increased to 5.9% for the period January 1, 2019 through June 30, ...
MN - Guidance on third-party bulk filers updatedFor personal income tax purposes, the Minnesota Department of Revenue has updated its fact sheet explaining responsibilities for the withholding tax registration and filing requirements of third-party...
MS - Local tax changes in grenada announcedThe City of Grenada, Mississippi, imposes a tourist and convention tax beginning December 1, 2018.Tax RateThe new tax is imposed at a rate of 1% of the gross proceeds from:hotels and motels; andrestau...
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...
NJ - Tax amnesty period setThe New Jersey Division of Taxation announced that the 2018 tax amnesty program runs from November 15, 2018, through January 15, 2019.Application Of Tax Amnesty ProgramSigned into law in July 2018, th...
OH - Ohio allows tax payments by cryptocurrencyWith the introduction of OhioCrypto.com, Ohio has become the first state to authorize the payment of taxes with cryptocurrency.Cryptocurrency PaymentsBitcoin is the only cryptocurrency currently accep...
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...
VT - 2019 interest rates announcedThe interest rate for underpayments of Vermont taxes will increase from 6% annually to 6.75% annually (0.6% per month) for interest that accrues in calendar year 2019.The interest rate for overpayment...
