New York Implements Withholding Tax Changes for the 2019 Filing Year

July 27, 2018 Paul Ogawa

The New York Department of Taxation and Finance recently made a change to wage withholding requirements, specifically the non-annual withholding reporting requirements. Effective January 1, 2019and in accordance with Part I of Chapter 59 of the Laws of 2018, employers will be required to complete all of Form NYS-45 Part C (Employee Wage and Withholding Information) each calendar quarter for all employees. This includes columns D and E of the aforementioned form. Additionally, the penalty for failing to complete columns D and E was amended to allow imposition on a quarterly basis.

Previously employers were only required to complete Part C, columns D and E, annually or on the last return of the calendar year.

Updates to other withholding reporting materials are forthcoming, and will include more detail. To review the announcement of this change, please visit the New York Department of Taxation and Finance website by clicking 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.

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