Indiana assessment proper for county tax withholding errors
A proposed assessment against an Indiana based corporate income taxpayer was sustained as the taxpayer failed to withhold county taxes properly. In this matter, the taxpayer was initially audited by...
View ArticlePennsylvania DOR updates eFile/ePay website
The Philadelphia Department of Revenue (DOR) has announced that it has updated the eFile/ePay website to increase electronic tax payments. The updated website looks a little different but provides the...
View ArticleIllinois issues withholding tables for exemption increase
Illinois has issued revised withholding tables to reflect a new personal exemption amount. The personal exemption amount has increased from $2,000 to $2,225 for 2018. The change is retroactive until...
View ArticleNew opinion letters address FLSA issues
The Labor Department’s Wage and Hour Division (WHD) has issued some new opinion letters August 28 addressing various compliance issues under the FLSA. The department says that the release of the...
View ArticleDOL seeks input on white collar regs’ salary level
In a notice scheduled for publication in the August 28, 2018, Federal Register, the Department of Labor announced it will conduct public listening sessions to gather views on white collar exemption...
View ArticleMinnesota’s minimum wage will increase January 1
Minnesota’s minimum-wage rates will be adjusted for inflation beginning January 1, 2019, to $9.86 an hour for large employers and $8.04 an hour for other state minimum wages. The current large-employer...
View ArticleIRS updates procedures on liability/information return penalty
The IRS has updated its liability and information return penalty (IRP) procedures. This IRM addresses the instructions in the Small Business/Self-Employed (SB/SE) IRP program in the IRP process....
View ArticleTIGTA: Use Fed/State program better to improve compliance
The IRS could be more effective in addressing noncompliance by better using and controlling the Fed/State Program, according to a report by the Treasury Inspector General for Tax Administration...
View ArticleColorado requests comments on proposed minimum wage order
Colorado is requesting comments on proposed changes to upcoming minimum wage Minimum Wage Order No. 35. Send comments by close of business Monday, September 17th. Stakeholders will have an additional...
View ArticleOhio issues guidance on changes to residency guidelines
The Ohio Department of Taxation updated its residency guidance pertaining to the tax imposed on resident and nonresident individuals for taxable years beginning on or after January 1, 2018. The release...
View ArticleSan Francisco, California payroll expense rate will be 0.38% for 2018
San Francisco, California payroll expense rate will be 0.38% for 2018. The exemption for small business will be $300,000. (San Francisco, California, Office of the Controller Memorandum, August 30,...
View ArticleInterest rates remain the same in the fourth quarter of 2018
The IRS has announced that interest rates will remain the same for the calendar quarter beginning October 1, 2018. The interest rates will be 5% for overpayments (4% in the case of a corporation) and...
View ArticleIRS adjusts Pub. 1494 levy amounts for head of households
The IRS has adjusted the amounts exempt from levy for head of households contained in IRS Pub 1494. The amount for daily with three exemptions is now $171.11. The amounts for weekly with 2, 3, 4, and 5...
View ArticleTaxpayers urged to avoid penalty for tax underpayment
The IRS advised taxpayers to plan ahead and understand their options in order to avoid a penalty for underpayment of tax when they file early in 2019. The guidance is part of the Service’s broader...
View ArticleRetirees urged to use withholding calculator to avoid penalty
The IRS has urged retirees to perform a “paycheck checkup” using the Withholding Calculator to verify that they were having the right amount of tax withheld from their pensions and annuity checks. This...
View ArticleSmall businesses and self-employed urged to meet tax obligations
The IRS reminded small business and self-employed taxpayers of meeting their tax obligations, including making quarterly estimated tax payments. Sole proprietors, partners and S corporation...
View ArticleIRS updates 402(f) notice safe harbor language
The IRS has updated its safe harbor Code Sec. 402(f) notice explanations for recipients of eligible rollover distributions. The updates reflect legislative changes and guidance since the IRS last...
View ArticleWK 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...
View ArticleIRS 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...
View ArticleState 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...
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