Idaho Publishes Updated Annual Withholding Report Instructions

December 12, 2018 Paul Ogawa

The Idaho State Tax Commission recently published an updated version of their Annual Withholding Report Instructions. These instructions are used in conjunction with Form 967, which must be filed with W-2s and 1099s reported to the state.

The only change to these instructions was the addition of the 2019 interest rate, which is 5% per year or 0.00013698% daily. This interest rate is applied to the unpaid tax balance received after the due date of said tax.

To review these instructions in full, please click here.

About the Author

Paul Ogawa is a Junior Regulatory Counsel at Sovos Compliance. As part of the Regulatory Analysis team, his main areas of focus are state and federal tax withholding, the Affordable Care Act (ACA), and Canadian tax information reporting. Prior to Sovos, Paul worked as a litigation attorney in Boston area law firms, representing clients in insurance subrogation claims, family law matters, and employment disputes. Paul is a member of the Massachusetts Bar, earned his B.A. from Brandeis University and his J.D. from the Suffolk University Law School.

More Content by Paul Ogawa
Previous Article
Colorado Offers Grace Period to Out-of-State Retailers

The Colorado Department of Revenue has updated their guidance for out-of-state retailers regarding the new ...

Next Article
New Mexico Releases W-2 and 1099 Filing Instructions for 2018

New Mexico has released “Income and Withholding Information Return and Filing Methods 2018,” FYI-330.

×

Regulatory Analysis News - Delivered Weekly

Company
Thank you for subscribing!
Error - something went wrong!