Filing Season Begins February 12
The IRS will begin accepting and processing 2020 tax year returns for individual filers on Friday, February 12, 2021. This start date will allow the IRS time to do additional programming and testing o...
All Taxpayers Now Eligible for IP PINs
The IRS has expanded the Identity Protection PIN Opt-In Program to all taxpayers who can verify their identities. The Identity Protection PIN (IP PIN) is a six-digit code known only to the taxpayer an...
2021 Standard Mileage Rates Released
The IRS released the optional standard mileage rates for 2021. Most taxpayers may use these rates to compute deductible costs of operating vehicles for:business,medical, andcharitable purposes.Some me...
SBA, Treasury Announce PPP Re-Opening
The U.S. Small Business Administration (SBA), in consultation with the Treasury Department, announced that the Paycheck Protection Program (PPP) would re-open during the week of January 11 for new bor...
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...
AR - IRC conformity bill introduced
The Arkansas House of Representatives has introduced a bill that would, if enacted, update Internal Revenue Code conformity for corporate and personal income tax purposes. The bill would adopt the fol...
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 - Honolulu completes 2021 assessments
The city and county of Honolulu, Hawaii has announced that real property assessments for 2021 are completed, and the total gross assessed valuation of all taxable real property on Oahu has decreased f...
NE - Aircraft information reports due
For purposes of personal property tax, the Nebraska Department of Revenue has reminded owners, lessees, and managers of any aircraft hangar or land upon which is parked any aircraft, that the Nebraska...
NH - Bet filing threshold adjusted
The New Hampshire Department of Revenue Administration has released the inflation-adjusted filing threshold figures for the business enterprise tax.2021 Filing ThresholdFor taxable periods ending on o...
NM - New top income tax rate to take effect
A new top state personal income tax rate of 5.9 percent will be in effect in New Mexico for the 2021 tax year. The new rate applies to taxable income above $210,000 for single filers and above $315,00...
NC - SST boundary database updated
North Carolina has updated the boundary database under the Streamlined Sales and Use Tax (SST) Agreement.Effective Date of Boundary DatabaseThe database is updated to include changes effective January...
OR - Surety bond rule updated
The Oregon Department of Revenue has updated its rule on tobacco taxpayers and the surety bond requirement. The following taxpayers must post security in the form of a surety bond in an amount equal t...
TX - Apportionment rule changes proposed
Texas has proposed changes to its rule on the sourcing of revenue for franchise tax purposes. Most significantly, the proposed changes concern the sourcing of gross receipts from:general services;adve...
WY - Interest rate announced
The interest rate for underpayment of Wyoming taxes is 8.45% as of January 1, 2021. The notice can be viewed on the department’s website. News Release, Wyoming Department of Revenue, January 7, 20...