Tax Tip of the Week | No. 415 | OSCPA Supports Mobile Workforce Proposal

Tax Tip of the Week | July 12, 2017 | No. 415 | OSCPA Supports Mobile Workforce Proposal

The following is a brief update on the Ohio Society of CPAs lobbying efforts in Washington D.C.:OSCPA is again backing legislation to simplify state income tax requirements for employees who work multiple days per year outside the state of their residence -- this time in the federal Mobile Workforce State Income Tax Simplification Act.Ohio Senator Sherrod Brown, D-Cleveland, again is one of the lead sponsors of the act. The Ohio Society of CPAs recently wrote a letter to Ohio’s other senator, Rob Portman, R-Cincinnati, urging him to support the bill. Portman joined as a co-sponsor to similar legislation in the last Congressional session.The act would simplify the complex tax reporting rules employers and employees face because of numerous state income tax withholding laws and varying de minimis exemption periods when employees work outside their home states. OSCPA has long supported such a move.The legislation would create a uniform national standard and would simplify compliance with all the different state laws. The earnings of employees would not be subject to state income tax and withholding outside their home state unless the employee works in a state for more than 30 days during the calendar year.The same bill was approved by the House in September, but was not taken up by the Senate before Congress expired in December. The proposal did, however, attract wide bipartisan support. OSCPA and other state CPA societies hope to garner enough support to pass legislation this year.We’ll keep you posted……You can contact us in Dayton at 937-436-3133 and in Xenia at 937-372-3504.  Or visit our website.Rick Prewitt – the guy behind TTW...until next week.