Maryland's Comptroller's Office recently published the 2017 "Maryland Employer Reporting of 1099s Instructions and Specifications." There are no record layout changes for Tax Year 2017. The Comptroller's Office has increased the penalty for not filing 25 or more 1099s electronically from $50 to $100. To read the specifications in full, please follow the link.
Most Recent Articles
IRS Releases Draft of New Information Return, 1099-SB
The IRS has released a draft for a new information return form that has been created as a result of the recently-passed Tax Cuts and Jobs Act.
Minnesota Updates Filing FAQs for Tax Year 2018
The Minnesota Department of Revenue has updated their “Forms and Instructions for Tax Year 2018,” “Information for Individuals,” and “Information for Businesses,” FAQ pages
California Releases Form 592-F and Instructions
California has released Form 592-F and its instructions.
IRS Releases 2018 Form 1099-R
The IRS has released the 2018 Form 1099-R. The form is used to report distributions from pensions and annuities, IRAs, insurance contracts, etc. to the IRS.
Minnesota Changes 1099, W2 Submission Method
The Minnesota Department of Revenue (DOR) has announced that beginning January 1, 2019, filers will no longer be able to use the Electronic Data Exchange (EDE) system to submit W-2 and 1099 files
Ohio Releases Revised Electronic W-2 Specifications
Ohio has released its specifications for the reporting of W-2s via magnetic media.
Washington Announces New Remote Seller Rules Post-Wayfair
Washington’s Department of Revenue has announced new rules for remote sellers and marketplace facilitators beginning October 1, 2018.
Anti-Wayfair Legislation Fails to Pass New Hampshire Legislature
New Hampshire legislature ended their special session on July 25th without passing legislation intended to protect New Hampshire businesses from being forced to collect sales tax on out-of-state sales
Wyoming to Require Remote Seller Sales Tax Collection at a Date TBD
Following the U.S. Supreme Court’s decision in South Dakota v. Wayfair, the Wyoming Department of Revenue has announced that it will require remote sellers to collect and remit sales tax. Date TBD.
Minnesota to Require Remote Seller and Marketplace Collection Effective 10/1
Beginning October 1, 2018, remote sellers conducting direct sales with Minnesota purchasers are required to register, collect and remit tax for transactions based on the following thresholds.
Massachusetts Moves Closer to August Sales Tax Holiday
Based on recent activity in the Massachusetts legislature, it appears increasingly likely that a Sales Tax Holiday will take place in mid-August.
South Dakota v. Wayfair Update - Utah Legislature Passes Remote Seller Bill
South Dakota v. Wayfair ruling update: Utah legislature passes remote seller Bill modeled after the South Dakota threshold structure, and goes into effect January 1, 2019.
Utah Reacts to South Dakota v. Wayfair
According to proposed Utah legislation for South Dakota v Wayfair, online merchants selling $100,000 or more than 200 transactions into Utah per year must collect and remit sales tax January 1, 2019.
Hawaii Backtracks on Retroactive Collection for Remote Sellers
Hawaii recently revised Announcement No. 2018-10 (issued 6/27/18). With this revision, they removed any directives requiring retroactive tax remittance regarding South Dakota v. Wayfair.
Massachusetts Green Lights Annual Sales Tax Holiday Starting in 2019
Massachusetts bill calls for a Sales Tax Holiday every August starting in 2019, with the legislature being required to set the precise dates no later than June 15.
Alabama to Start Collecting From Remote Sellers in October
On July 3, 2018, the Alabama Department of Revenue issued guidance for online sellers indicating collection and remittance responsibility on remote sellers with Alabama prospectively October 1.
Louisiana Announces Remote Seller Collection Rule
Louisiana passed bill (HB 17) re-defining the term “dealer” to include remote sellers that have more than $100,000 in sales or make more than 200 separate sales into Louisiana, effective July 1, 2018.
Vermont Begins Collecting Sales Tax from Remote Sellers
As a result of the Supreme Court's decision in South Dakota v. Wayfair, Inc., the State of Vermont began collecting sales tax from certain remote sellers on July 1, 2018.
IRS Releases Draft of New Information Return, 1098-F
The IRS has released a draft for a new information return form that has been created as a result of the recently-passed Tax Cuts and Jobs Act.
House Judiciary Committee Hears Testimony on Remote Commerce