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In January, 2014, the Internal Revenue Service issued Internal Revenue Bulletin 2014-4 and Notice 2014-7 regarding the treatment of income from qualified foster care payments, Medicaid waiver payments, and difficulty of care payments under IRC § 131. As the bulletin and notice explains, such payments are excludable from income for federal income tax purposes when certain conditions apply. See this announcement for more information.
As of Jan. 1, 2014, those who qualify for innocent spouse relief under federal law also qualify under Idaho law. In order to be approved, a taxpayer must complete the 7-page federal Form 8857, Request for Innocent Spouse Relief, and send it to the IRS. When the Tax Commission receives verification from a taxpayer that innocent spouse relief has been approved by the IRS, the taxpayer will receive the same consideration under Idaho law as under federal law. See this announcement for more information.
The IRS recently ruled that same-sex couples who were legally married in a jurisdiction that recognizes same-sex marriage can file federal tax returns as a married couple. However, since Idaho law doesn’t recognize same-sex marriage, different provisions apply for filing state income tax returns. See our Same-sex Couples and Idaho Income Tax Filing page for details.
See our Semimonthly Withholding Accounts page for details on the new filing cycle for income tax withholding.
Resident and part-year resident individual owners must report the income from a pass-through entity on their Idaho income tax returns. See our Pass-through Entity Guidance page, including a PTE and PTO Reporting Requirements Flowchart.
Published 02-03-2014 and 01-22-2014 respectively
The reporting of Guaranteed Payments for tax year 2013 is significantly different due to legislative changes. See our Guaranteed Payments Guidance page for details, including a Reporting Requirements Flowchart.
Published 02-11-2014 and 02-05-2014 respectively
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Last updated April 4, 2014
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Income tax due: April 15