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...
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...
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...
