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 - 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...
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 ...
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...
ND - Additional IRC Sec. 965 guidance issuedNorth Dakota’s guidance on IRC Sec. 965 has been updated to provide more details on how to report the repatriation income.Reflecting IRC Sec. 965 Income on North Dakota ReturnsAll taxpayers must...
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...
