Missouri updates withholding tables

The Missouri department of Revenue has released new withholding tables. Additional information regarding the update can be found at https://dor.mo.gov/news/archive/year/2018. The information will be mailed out to Missouri taxpayers within the next week. If you have any questions regarding this change, please contact the Department’s Withholding Tax Section using the contact information below. Email: Withholding@dor.mo.gov […]

South Dakota’s minimum wage to increase January 1

The minimum wage in South Dakota will increase from $8.85 per hour to $9.10 per hour on January 1, 2019. The state minimum wage is annually adjusted based on any increase in the cost of living, as measured by the Consumer Price Index published by the United States Department of Labor. The increase for 2019 […]

DHS issues proposed rules on green cards and self-sufficiency

The Department of Homeland Security (DHS) announced a proposed rule that will clearly define long-standing law to ensure that those seeking to enter and remain in the U.S. either temporarily or permanently can support themselves financially and will not be reliant on public benefits. Under long-standing federal law, those seeking to immigrate to the U.S. […]

IRS reminds employers on family and medical leave credit

The IRS has issued a notice with information on the family and medical leave credit that was enacted in the Tax Cuts and Jobs Act (P.L. 115–97). Eligible employers who provide paid family and medical leave to their employees may qualify for a new business credit for tax years 2018 and 2019. In addition, eligible […]

Large employers can now e-file employment tax returns

Employers who meet the definition of “large employers” now have the option to e-file their employment tax returns (e.g., Forms 940, 941) without the need for a third party. These large employers are generally required to e-file other returns, such as Form 1120. To do this, they use Form 8453 for the signature, electronically attach […]

2019 per diem rates issued for travel expense reimbursements

The IRS has provided the 2018-2019 special per diem rates for taxpayers to use to substantiate ordinary and necessary business expenses incurred while traveling away from home. The guidance provides the special transportation industry meal and incidental expenses (M&IE) rates, the rate for the incidental expenses only deduction, and the rates and list of high-cost […]

Utah updates guidance on pass-through entity withholding

For corporate income tax purposes, the Utah Tax Commission has updated its guidance on pass-through entity withholding. Effective for tax years beginning on or after January 1, 2009, pass-through entities must withhold Utah income tax on income from Utah sources for nonresident individual partners, members and shareholders, and for resident and nonresident nonindividual partners, nonindividual […]

State Department employee could not exclude foreign income

A U.S. citizen working in Germany for the U.S. Department of State under a personal services agreement (PSA) was a U.S. government employee for federal income tax purposes. Therefore, he was not entitled to the foreign earned income exclusion for wages he received. Foreign earned income exclusion. Under Code Sec. 911, a qualified individual can […]

IRS extends deadlines, provides tax relief for hurricane victims

Hurricane Florence victims in parts of North Carolina and elsewhere have until Jan. 31, 2019, to file certain individual and business tax returns and make certain tax payments, the Internal Revenue Service has announced. The IRS is offering this relief to any area designated by the Federal Emergency Management Agency (FEMA), as qualifying for individual […]

WK projects annual inflation amounts for 2019

Annual inflation-adjusted amounts for tax year 2019 are projected y Wolters Kluwer. The projected amounts include 2019 tax brackets, the standard deduction, alternative minimum tax amounts, among others. The projected amounts are based upon Consumer Price Index figures released by the U.S. Department of Labor on September 12, 2018. The Tax Cuts and Jobs Act […]