Monday Round-Up to Catch Up

I have returned from my holiday/vacation and am back at my desk.  So I decided to have one round-up of the news today to catch up while I was gone and then one again on Friday to catch this week’s news.  So here is the round-up since I left on December 23rd.  There are a few exceptional items to note.  New York is eliminating the annual notice requirement, Illinois is moving up the due date for Forms W-2 for electronic filers and North Carolina is adding a new NC-4 form for nonresident aliens.

Arkansas: 2015 SUI wage base remains $12,000.

Connecticut: Department of Revenue has released the 2015 withholding calculation rules and tables.

District of Columbia: the Office of Tax and Revenue has released the Draft, Version 2, of the Income Tax Withholding Instructions and Tables for 2015 FR-230

Hawaii: The Department of Taxation has announced that it has adopted the federal standard mileage rates for 2015.

Hawaii: 2015 SUI wage base is $40,900.

Idaho: 2015 SUI wage base is $36,000.

Illinois: Department of Revenue has announced that as a result of an emergency rule filed on December 22, 2014, and effective with the 2014 tax year, employers required to file their Forms W-2 electronically must do so by February 15th not by March 31st as previously required.

Massachusetts: The Department Revenue has finalized the 2015 monthly transportation fringe benefits. They will follow the federal amounts of $250 for parking and $130 for transit passes/commuter highway vehicle.

Minnesota: The Department of Revenue has announced it has revised REV184, Power of Attorney. The Department will no longer accept the old version of the form. It has also eliminated Form REV184a.

Missouri: 2015 withholding tables now available

Montana: The SUI taxable wage base for 2015 is $29,500

New Mexico: The Taxation and Revenue Department has released the 2015 wage-bracket and percentage method tables.

New York: The state has eliminated the annual notice requirement that requires employers to notify and receive written acknowledgment from every worker regarding rate of pay, allowances, pay day, etc. Law also expanded various protections enacted in 2014 but still some technical details for legislature to work out.

North Carolina: Due to recent legislative changes the state has released a new Form NC-4 NRA, Nonresident Alien Employee’s Withholding Allowance Certificate. It must be used in 2015 in lieu of the NC-4 or NC-4EZ.

North Carolina: Supplemental withholding rate for 2015 is 5.75%. This is down from 5.8% for 2014.

North Dakota: The Tax Department has released the 2015 withholding tables

Vermont: The Department of Taxes has released its state income tax withholding tables for 2015.

Wyoming: SUI wage base for 2015 will increase to $24,700.

Our roundups will resume as per our usual schedule as of this Friday, January 9th.

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