On September 9, 2009, the state of New York issued proposed New York exact calculation method withholding tables for wages paid on and after January 1, 2010. The proposed supplemental wage (such as bonuses, commissions, overtime pay, sales awards or tips) rate for New York in 2010 would be 9.77%. You can learn more about … Read more
Due to a recent Minnesota law change, the electronic filing thresholds will decrease over the next few years: (1) Tax year 2009 : Efile W-2s and/or Efile 1099s if you have more than 50 forms. (2) Tax year 2010: File W-2s electronically and/or file 1099s electronically if you have more than 25 forms, and … Read more
The Combined Federal State Filing Program was established to simplify reporting of Information Returns (1099-DIV, 1099-G, 1099-INT, 1099 MISC, 1099-OID, 1099-PATR, 1099-R and 5498) to participating states. Due to increased concerns over proper disclosure of information, the Information Reporting Program is enhancing the validation process of combined federal/state data. Beginning in Tax Year 2009 (Calendar … Read more