Information about the recent activities of the Office of Tax Policy is provided below. This information includes new and revised publications, rulemaking activities, and recently published letter rulings and information letters.
New and Revised Publications
- Withholding Tax Topics: Gambling Withholding and Withholding Tax Topics: Voluntary Withholding – These two new publications replace FYI Withholding 7 and provide guidance regarding requirements in our recently adopted rules.
- Timely Filing and Postmarks – This new guidance addresses evidence of timely filing, in light of adjustments made by the USPS to its transportation operations that may affect postmark dates. This guidance applies to all tax types administered by the Department.
- Rounding Guidance for Retailers – This new guidance addresses rounding for certain taxes collected by retailers, in light of the cessation of penny production by the U.S. Treasury.
- Corporate Income Tax Guide – This publication was revised to reflect changes made by House Bill 23-1277 (to the due date for corporate returns and the requirements for reporting federal adjustments), House Bill 24-1134 (changing requirements for combined returns), House Bill 25B-1002 (establishing a new addback for foreign-derived deduction eligible income), and H.R. 1 (regarding GILTI and FDII).