IRS issues tips for updating Form W-4

With recent tax law changes, the IRS urges employees to look into whether they need to adjust their paycheck withholding and submit a new Form W-4 to their employer. Employees can use the updated Withholding Calculator on IRS.gov to do a quick “paycheck checkup” to check that they’re not having too little or too much […]

Colorado issues new withholding tables

Colorado has issued revised wage-bracket and percentage method withholding tables for wages paid on and after April 1, 2018. All of the tables are reproduced in the Payroll Management Guide at 5548 and 5549 The tables were revised to reflect changes to some of the exemption amounts due to the Tax Cuts and Jobs Act […]

West Virginia adjusts withholding return due dates

West Virginia has adjusted its withholding return due dates as follows: Not later than January 31, 2019, and January 31 of each year thereafter, employers and payers must file the annual reconciliation return together with state copies of all withholding tax statements reflecting West Virginia tax withholding, including, but not limited to, forms W-2, W-2G, […]

Indiana approves local income taxes, changes

Indiana adopted legislation allowing a local income tax in order to pay for correctional and rehabilitation facilities. The tax rate must be in increments of 0.01% and cannot exceed 0.2%. The rate cannot be in effect for more than 20 years. The statute also authorizes additional local income taxes for: Fulton county and Jennings County […]

TIGTA issues reports on IRS payroll filing, fraud detection

The IRS was in compliance with the filing requirement changes in Section 201 of the Protecting Americans from Tax Hikes Act of 2015, which requires returns and statements related to employee wage information and nonemployee compensation to be filed on or before January 31, according to some reports by the Treasury Inspector General for Tax […]

IRS issues tips for using the withholding calculator

The IRS recommends that employees use the Withholding Calculator at IRS.gov to do a “paycheck checkup” to check that their employers withhold the correct amount of income tax from their paychecks. The Withholding Calculator can help prevent employees from having too little or too much withheld from their paycheck. Having too little tax withheld can […]

Oklahoma issues new exemption certificate

Oklahoma has released a new exemption certificate form due to the Tax Cuts and Jobs Act (P.L. 115-97). The Form is OK-W-4, Oklahoma Tax Commission Employee’s Withholding Allowance Certificate. Previously, the state used the federal Form W-4, Employee’s Withholding Allowance Certificate. The personal exemption and standard deduction amounts are: (1) single-$1,000 (exemption), $6,350 (standard deduction […]

Minnesota offers employment tax seminars

The Minnesota Business Tax Education Partnership is holding seminars in Maplewood, Plymouth, and Rochester, Minnesota for employers and their representatives who are interested in information on state and federal employment taxes and other employer responsibilities. The seminar will be presented by experts from the Minnesota Department of Revenue, Minnesota Unemployment Insurance Program, the United States […]

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, […]