House Ways and Means Advances COVID Relief Bill
On February 11, the House Ways and Means Committee finished marking up draft legislative text in the Fiscal 2021 budget resolution reconciliation, which contains tax law proposals based on President J...
IRS Warns Taxpayers of “Ghost” Return Preparers
The IRS has reminded taxpayers to avoid "ghost" tax return preparers whose refusal to sign returns can cause an array of problems. Filing a valid and accurate tax return is important because the taxpa...
IRS Spotlights Online Accounts for Taxpayers
The IRS has reminded taxpayers that they can securely access their IRS account information through their individual online account.Information that taxpayers can view online includes:the amount they o...
International Mail Disruption Affects Form SSA-1099
The IRS has warned individuals who live outside of the United States and receive Social Security benefits that they may not receive Form SSA-1099, due to the temporary suspension of international mail...
AK - Interest rates announced for Q1 of 2021
The Alaska interest rate for delinquent taxes and overpayment of taxes is set at 5.50%, compounded quarterly, for the period January 1, 2021, through March 31, 2021. Subscribers can view the Departmen...
AZ - No local rate changes effective February 1
There are no local Arizona transaction privilege tax (TPT) changes effective February 1, 2021. The TPT rate chart can be viewed at: https://azdor.gov/sites/default/files/media/TPT_RATETABLE_02012021....
GA - Interest rate announced
For 2021, the interest rate applied to Georgia tax overpayments and underpayments is 6.25% (accruing monthly). The rate was 7.75% for 2020. Policy Bulletin ADMIN-2021-01, Georgia Department of Revenu...
HI - New cash bond deposit form issued
The Hawaii Department of Taxation has announced the issuance of a new Form D-160. The form is intended to be used by taxpayers who are contesting an assessment of additional tax, but who otherwise wis...
ID - 2020 electronic filing handbook issued
The Idaho State Tax Commission has issued its 2020 business and individual e-file (MeF) handbook for taxpayers e-filing their personal and corporate income tax returns. The publication includes an Ida...
LA - 2021 individual tax filing season discussed
The Louisiana Department of Revenue has announced that it will begin accepting and processing 2020 state individual income tax returns on Friday, February 12, 2021. The 2020 individual state returns a...
ME - Maine IRC conformity bill introduced
Introduced legislation would change Maine’s income tax Internal Revenue Code conformity date to December 31, 2020 (currently, December 31, 2019). The conformity date would be applicable to tax years...
MD - Information for 2020 filing season announced
The Maryland Comptroller has announced that processing of personal income tax returns for Tax Year 2020 will begin on February 12, 2021. Corporate income tax returns will be accepted beginning on Febr...
MN - Fact sheet on residency updated
The Minnesota Department of Revenue has revised its guidance pertaining to the personal income tax responsibilities of Minnesota residents. The updated guidance discusses domicile, the 183-day rule, s...
MT - Covid-19 business grants are taxable
Montana announced that COVID business grant income is taxable in the state. Montana adjusted gross income is derived from federal adjusted gross income. Unless exempted, grant income to businesses i...
OR - IRC conformity bills introduced
Bills were introduced in the Oregon Senate and House to update Oregon’s Internal Revenue Code (IRC) conformity date to December 31, 2020. H.B. 2457, H.B. 2577, S.B. 137, and S.B. 138, as introdu...
RI - 2021 filing season discussed
The Rhode Island Division of Taxation has announced that it will begin accepting and processing both electronically filed and paper personal income tax returns on February 12, 2021. The Division has a...
SD - Governor declares her intention on taxes
In her 2021 State of the State Address, South Dakota Gov. Kristi Noem stated that she has no plans for any tax increases. 2021 State of the State (as prepared), South Dakota State News, January 13, 2...
UT - Business personal property guidance updated
Utah has updated its publication on business personal property taxes. Topics covered include definitions, assessment, valuation, taxation, appeals, and audits. Publication 20, Utah State Tax Commissi...
WY - Local rate changes announced
Local rate changes in Wyoming have been announced effective April 1, 2021.County Rate ChangesCampbell County increases its lodging tax rate to 4%.Fremont County increases its sales and use tax rate to...