Payroll, Unemployment Insurance & Social Security

USCIS invites employers to E-Verify teleconference

The U.S. Citizenship and Immigration Services (USCIS) is inviting employers to participate in a teleconference on Thursday, March 22, from 2-3 p.m. (Eastern) to discuss the upcoming release of E-Verify system enhancements. During the session, representatives from USCIS will share information about the new E-Verify case processing functions and modernized user interface. This includes: Enhanced […]

Idaho updates Code conformity

The Governor of Idaho has signed significant tax reform legislation. The legislation updates the state’s Code conformity date to: December 21, 2017, for tax year 2017; December 31, 2017, applicable to Code Sec. 965 (repatriation tax provisions) and Code Sec. 213 (personal income tax deduction for medical expenses) for tax year 2017; and January 1, […]

New Mexico modifies annual withholding statement requirements

New Mexico enacted legislation that revises the annual personal income tax withholding statement requirements to: Remove exemptions for certain employers and payors; Require electronic filing for certain employers and payors; Change the due date; and Establish a late filing penalty. Exemptions. The legislation repeals the annual withholding statement exemption for employers required to file (1) […]

Missouri reissues 2018 withholding tables

As a result of the Tax Cuts and Jobs Act (P.L.115-97) signed into law on December 22, 2017 the Missouri Department of Revenue has adjusted the withholding tables based on information provided by the IRS. The Missouri Employer’s Guide, (Form 4282), withholding tax tables, withholding tax calculator and MO W-4 have been updated: In […]

Alabama enacts tax amnesty program

The Alabama Tax Delinquency Amnesty Act of 2018 has been enacted. The amnesty program will be held for the period beginning July 1, 2018, and ending on September 30, 2018. The program applies to all taxes administered by the Department of Revenue except for motor fuel, motor vehicle, and property taxes. The taxes eligible for […]

Pilot FLSA program will test employer self-reporting

The Labor Department’s Wage and Hour Division (WHD) is launching a pilot—the Payroll Audit Independent Determination (PAID) program—to facilitate the resolution of potential FLSA overtime and minimum wage violations. The program would permit employers to self-report potential wage violations that they uncover during the performance of a compensation practices self-audit and permit them to pay […]

IRS updates technical guidelines for employment tax issues

The IRS has updated the technical guidelines for employment tax issues. The procedure provides service-wide instructions for all operating divisions with employees involved with the correct filing, reporting and payment of employment taxes. They serve as the foundation for consistent administration of employment taxes by various IRS operating divisions. By providing one source of authority […]

Interest rates increase for the second quarter of 2018

The IRS has announced that interest rates will increase for the calendar quarter beginning April 1, 2018. The interest rates will increase to 5% for overpayments (4% in the case of a corporation) and underpayments, 7% for large corporate underpayments and 2.5% for the portion of a corporate overpayment exceeding $10,000. The interest rates are […]

IRS modifies 2018 inflation adjustment amounts

The IRS has modified certain previously released inflation-adjusted amounts. Generally, these new inflation-adjusted figures apply to tax years beginning in 2018 or transactions or events occurring in calendar year 2018. The modified items include the tax rate tables, the beginning phaseout on certain itemized deductions, and the beginning phaseout for personal exemptions and credits. The […]

Virginia updates Code conformity date

Under emergency legislation enacted by the 2018 General Assembly on February 22 and February 23, 2018, Virginia’s fixed-date of conformity to the terms of the Internal Revenue Code (Code) will advance from December 31, 2016, to February 9, 2018. The legislation is effective for the taxable year 2017 and allows Virginia to conform to the […]