Articles & Hot Topics

The Washington Department of Revenue has published a new special notice addressing prepayment of the capital gains tax. Here's what taxpayers and advisors should know before relying on it.

DOR's Update My Business Information page now lists a new phone number (360-705-6705) for Business Licensing Service inquiries, replacing the previously listed 360-705-6741. Verify the number before relying on any saved reference materials.

Washington DOR says administering the income tax created by SB 6346 will cost about $30 million a year and require roughly 130 employees. Larger $275 million and 300-employee figures include the bill’s Working Families Tax Credit expansion and refunds.

Washington DOR added a new tax topic page clarifying when casual or isolated sales are exempt from B&O tax—and when sales tax and reporting obligations still apply. Registered businesses that occasionally sell assets outside their normal course of business should review the guidance.

Analysis of Washington DOR guidance on attributing investment income under the apportionment cascade.

A proposal summary for replacing Washington's B&O tax with a Texas-style margins tax over a five-year transition period.