ThomsonReuters

JUNE 22, 2021

New Mexico. Beginning July 1, new forms will be used to report withholding tax. Form TRD-41414, Wage Withholding Tax Return, will be used to report withholding from payments to employees. Form TRD-41409, Non-Wage Withholding Tax Return, will be used to report withholding from non-wage payments.

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CPA Practice

MARCH 21, 2024

This blog post sheds light on what makes personal property tax compliance in certain states particularly tricky. The personal property tax forms and procedures conundrum Filing property tax returns is the first hurdle your company must overcome if you do business in any of the 37 states that tax tangible personal property.

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TaxConnex

OCTOBER 3, 2023

In June, before the Court’s ruling, Halstead Bead sent notice to the Court that recently enacted Louisiana legislation requiring the implementation of a single remittance system for taxpayers “resolves Halstead’s complaint and ensures that Halstead is no longer subject to Louisiana’s unconstitutionally prolix tax system.” Effective next Jan.

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ThomsonReuters

JUNE 15, 2022

These legislative highlights have been grouped into two categories: new opportunities for tax relief and new tax obligations. Tax Relief Enacted in Delaware, Florida, Georgia, and New Mexico. The tax credit is referred to as a “relief rebate.” Florida Sales Tax Holiday. . §

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TaxConnex

AUGUST 9, 2022

Iowa has modified its sales tax base. Changes include combining sales and use tax returns and their permits into one and changing filing frequencies for sales and use tax from quarterly to monthly. Maryland has revised Business Tax Tip #29 to acknowledge exclusion of certain business purchases of digital products.

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ThomsonReuters

MARCH 15, 2021

The IRS has posted a final version of the 2021 Form 941 , Employer’s Quarterly Federal Tax Return and its instructions that take into account the COVID-19 tax credit extensions provided for in the Consolidated Appropriations Act, 2021. 2021 Form 941. additional dollars per hour to $2.25 Filing extension for winter storm victims.

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ThomsonReuters

OCTOBER 6, 2021

The only type of business that must pay state income tax the way an individual does is a traditional corporation, otherwise known as a C corporation or C corp. This is because C corps are considered taxable entities; they are required to file state tax returns separate from the personal returns filed by their owners and employees.

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income tax Tax payroll Massachusetts 52

CPA Practice

NOVEMBER 7, 2023

To do this, we’ve added a new form of assistance: temporary pop-up centers, such as in Ciales, Puerto Rico and Gallup, New Mexico. We anticipate that Volunteer Income Tax Assistance will expand free assistance by approximately 50,000 returns this filing season.

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