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2023 Post-Filing Season Update2022 Tax Year-In-ReviewConsolidated Appropriations Act, 2023Inflation Reduction Act of 2022, Signed Aug. 16
IRS Touts Improved Customer Service in 2023 Tax Season
The Internal Revenue Service said it delivered "significantly improvedcustomerservice" during the 2023 tax filing season and cited funds made available to it from the Inflation Reduction Act...
The Internal Revenue Service said it delivered "significantly improvedcustomerservice" during the 2023 tax filing season and cited funds made available to it from the Inflation Reduction Act...
FAQs Issued on Upcoming Changes to COVID-19 Coverage and Payment Requirements, IR-2023-86
The IRS, Department of Labor (DOL) and Department of Health and Human Services (HHS) jointly issued frequently asked questions (FAQs), Part 58 and Part 59 to clarify how the COVID-19 coverage and...
The IRS, Department of Labor (DOL) and Department of Health and Human Services (HHS) jointly issued frequently asked questions (FAQs), Part 58 and Part 59 to clarify how the COVID-19 coverage and...
IRS Issues Audit Technique Guide on Entertainment, Entertainment Audit Technique Guide, IRPO ¶203,990
The IRS has released a new Audit Technique Guide (ATG) designed to provide assistance in auditing individuals in various roles in the entertainment industry. The auditor must develop issues...
The IRS has released a new Audit Technique Guide (ATG) designed to provide assistance in auditing individuals in various roles in the entertainment industry. The auditor must develop issues...
Applicable Terminal Charge and SIFL Rates Issued for Second Half of 2022, Rev. Rul. 2023-7
The IRS has released the applicable terminal charge and the Standard Industry Fare Level (SIFL) mileage rate for determining the value of noncommercial flights on employer-provided aircraft in e...
The IRS has released the applicable terminal charge and the Standard Industry Fare Level (SIFL) mileage rate for determining the value of noncommercial flights on employer-provided aircraft in e...
Transition Period Announced for Revised Form 3115, Announcement 2023-12
The IRS today informed taxpayers and practitioners that it has revised Form 3115, Application for Change in Accounting Method, and its instructions.Announcement 2023-12 [PDF 78 KB] states that the...
The IRS today informed taxpayers and practitioners that it has revised Form 3115, Application for Change in Accounting Method, and its instructions.Announcement 2023-12 [PDF 78 KB] states that the...
IRS Issues FAQs on Compensation Payments For Forced Sterilization, FS-2023-11, IR-2023-81
The IRS has issued frequently asked questions (FAQs) to provide guidance for victims who have received state compensation payments for forced, involuntary, or coerced sterilization. Some stat...
The IRS has issued frequently asked questions (FAQs) to provide guidance for victims who have received state compensation payments for forced, involuntary, or coerced sterilization. Some stat...
AZ - Local rate change announced
The Arizona Department of Revenue has announced a local transaction privilege tax (TPT) rate change.Show LowEffective July 1, 2023, the city will impose a new Hotel/Motel Additional Tax at a rate of 3...
The Arizona Department of Revenue has announced a local transaction privilege tax (TPT) rate change.Show LowEffective July 1, 2023, the city will impose a new Hotel/Motel Additional Tax at a rate of 3...
CA - Tax relief announced for storm victims in Modoc County
The IRS has announced tax return filing and payment relief for individuals and businesses in Modoc County affected by the severe winter storms, straight-line winds, flooding, landslides, and mudslides...
The IRS has announced tax return filing and payment relief for individuals and businesses in Modoc County affected by the severe winter storms, straight-line winds, flooding, landslides, and mudslides...
CO - Rule clarifies subtraction for IRC Sec. 78 dividends
Colorado has adopted a new rule regarding the subtraction from federal taxable income for amounts treated as dividends pursuant to IRC Sec. 78. The rule:advises taxpayers that the subtraction is limit...
Colorado has adopted a new rule regarding the subtraction from federal taxable income for amounts treated as dividends pursuant to IRC Sec. 78. The rule:advises taxpayers that the subtraction is limit...
FL - Tax relief for Florida taxpayers impacted by severe storms, tornadoes, and flooding discussed
Florida will follow the corporate income tax relief granted by the IRS regarding tax return due dates for taxpayers affected by severe storms, tornadoes, and flooding. Eligible taxpayers that file Flo...
Florida will follow the corporate income tax relief granted by the IRS regarding tax return due dates for taxpayers affected by severe storms, tornadoes, and flooding. Eligible taxpayers that file Flo...
GA - Qualified education donation tax credit extended
Georgia has enacted legislation extending its tax credit for qualified education donations until December 31, 2026. The credit previously expired on December 31, 2023. Act 256 (H.B. 340), Laws 2023, e...
Georgia has enacted legislation extending its tax credit for qualified education donations until December 31, 2026. The credit previously expired on December 31, 2023. Act 256 (H.B. 340), Laws 2023, e...
HI - Guidance on renewable energy technologies credit for photovoltaic systems updated
Hawaii has updated its guidance regarding the renewable energy technologies income tax credit (RETITC), specifically the credit for photovoltaic (PV) systems. The publication explains, among other top...
Hawaii has updated its guidance regarding the renewable energy technologies income tax credit (RETITC), specifically the credit for photovoltaic (PV) systems. The publication explains, among other top...
ID - Taxpayer not entitled to joint estimated payment already claimed in full by ex-spouse
A taxpayer was not entitled to half of an overpayment of Idaho personal income tax from 2017 that her ex-spouse claimed in full as an estimated payment on his 2018 tax return, because the separate ori...
A taxpayer was not entitled to half of an overpayment of Idaho personal income tax from 2017 that her ex-spouse claimed in full as an estimated payment on his 2018 tax return, because the separate ori...
IL - Final LaSalle County multiplier announced for 2022
The final LaSalle County equalization factor (multiplier) for Illinois property tax purposes has been set for 2022 at 1.0000. The final 2021 multiplier was also 1.0000. Release, Illinois Department of...
The final LaSalle County equalization factor (multiplier) for Illinois property tax purposes has been set for 2022 at 1.0000. The final 2021 multiplier was also 1.0000. Release, Illinois Department of...
IA - Rule related to electric fuel excise tax adopted
The Iowa Department of Revenue adopted new regulations for the implementation of the excise tax on electric fuel. These rules provide guidance as to what entities need to obtain a license to sell or d...
The Iowa Department of Revenue adopted new regulations for the implementation of the excise tax on electric fuel. These rules provide guidance as to what entities need to obtain a license to sell or d...
MD - Student loan debt relief tax credit changes
Maryland has enacted legislation making changes to the student loan debt relief credit against its personal income tax. For tax years beginning after December 31, 2022, Maryland has increased the amou...
Maryland has enacted legislation making changes to the student loan debt relief credit against its personal income tax. For tax years beginning after December 31, 2022, Maryland has increased the amou...
MA - Relief act precludes imposition of motor vehicle excise tax on vehicle leased by active duty servicemembers
An active duty servicemember (taxpayer) stationed in Massachusetts and domiciled elsewhere was not responsible for excise tax assessed on a motor vehicle leased by him because the Servicemembers’ Ci...
An active duty servicemember (taxpayer) stationed in Massachusetts and domiciled elsewhere was not responsible for excise tax assessed on a motor vehicle leased by him because the Servicemembers’ Ci...
NV - Exemption process changed for National Guard Members' sales tax holiday
Nevada has changed the process for National Guard members and their relatives to claim an exemption during the annual sales tax holiday.The new process requires the eligible person claiming the exempt...
Nevada has changed the process for National Guard members and their relatives to claim an exemption during the annual sales tax holiday.The new process requires the eligible person claiming the exempt...
NM - Tax rebates sent mid-June
New Mexico governor Michelle Lujan Grisham announced that the state's personal income tax rebates would go out to taxpayers in mid-June. The rebates will be $500 for single taxpayers and $1,000 to tax...
New Mexico governor Michelle Lujan Grisham announced that the state's personal income tax rebates would go out to taxpayers in mid-June. The rebates will be $500 for single taxpayers and $1,000 to tax...
NY - Cap amount for electronic news services exemption increases
The cap amount for the New York sales and use tax exemption for sales and uses of electronic news services that occur from June 1, 2023, to May 31, 2024, increases to $4,441. News Bulletin, New York D...
The cap amount for the New York sales and use tax exemption for sales and uses of electronic news services that occur from June 1, 2023, to May 31, 2024, increases to $4,441. News Bulletin, New York D...
NC - Filing guidance issued on PTE tax changes
North Carolina issued important guidance on 2022 tax return filing changes resulting from legislation that:expands eligibility for the elective pass-through entity (PTE) income tax to partnerships wit...
North Carolina issued important guidance on 2022 tax return filing changes resulting from legislation that:expands eligibility for the elective pass-through entity (PTE) income tax to partnerships wit...
ND - Credit enacted for automation of manufacturing or animal agricultural process
North Dakota created a nonrefundable credit for purchases of manufacturing and animal agricultural machinery and equipment to automate a manufacturing or animal agricultural process. The credit amount...
North Dakota created a nonrefundable credit for purchases of manufacturing and animal agricultural machinery and equipment to automate a manufacturing or animal agricultural process. The credit amount...
OH - Mandamus relief to put two city levies on primary-election ballot denied
For Ohio property tax purposes, the County Board of Elections (Board) properly determined that the proposed levies were ineligible for consideration at the 2023 primary election ballot because they co...
For Ohio property tax purposes, the County Board of Elections (Board) properly determined that the proposed levies were ineligible for consideration at the 2023 primary election ballot because they co...
OR - Business owners allowed to adjust basis in property; bad debt deduction denied
For Oregon personal income tax purposes, owners of a family-owned business were entitled to an adjustment to their basis in real property, but they were not eligible for a deduction for bad debt becau...
For Oregon personal income tax purposes, owners of a family-owned business were entitled to an adjustment to their basis in real property, but they were not eligible for a deduction for bad debt becau...
PA - Elective PTE tax bill introduced
A bill to enact an elective pass-through entity (PTE) income tax was introduced in the Pennsylvania house.The elective PTE tax would be available after December 31, 2022. S.B. 659, as introduced in th...
A bill to enact an elective pass-through entity (PTE) income tax was introduced in the Pennsylvania house.The elective PTE tax would be available after December 31, 2022. S.B. 659, as introduced in th...
TN - Guidance provided regarding the application of additional tax to hemp-derived cannabinoids
Effective July 1, 2023, an additional 6% Tennessee sales and use tax is imposed on the sales price of products that contain a hemp-derived cannabinoid when sold at retail in the state.Application of T...
Effective July 1, 2023, an additional 6% Tennessee sales and use tax is imposed on the sales price of products that contain a hemp-derived cannabinoid when sold at retail in the state.Application of T...
TX - Coastal protection fund fee suspended
The Texas Comptroller of Public Accounts has issued a notice to taxpayers that the Coastal Protection Fee will be suspended effective June 1, 2023. Crude oil transferred through a marine terminal on o...
The Texas Comptroller of Public Accounts has issued a notice to taxpayers that the Coastal Protection Fee will be suspended effective June 1, 2023. Crude oil transferred through a marine terminal on o...
UT - Reminder issued on lowered motor fuel and special fuel tax rates
Utah issued a reminder that the motor fuel (gasoline) and special fuel (diesel) tax rate is lowered to 34.5 cents per gallon, effective July 1, 2023. Tax Bulletin 8-23, Utah State Tax Commission, May ...
Utah issued a reminder that the motor fuel (gasoline) and special fuel (diesel) tax rate is lowered to 34.5 cents per gallon, effective July 1, 2023. Tax Bulletin 8-23, Utah State Tax Commission, May ...
VA - Fuel tax rates announced for period beginning July 1, 2023
Virginia announced that the fuel tax rates for the period July 1, 2023, through June 30, 2024, are as follows:gasoline—29.8 cents per gallon;diesel fuel—30.8 cents per gallon;blended fuels (gasoli...
Virginia announced that the fuel tax rates for the period July 1, 2023, through June 30, 2024, are as follows:gasoline—29.8 cents per gallon;diesel fuel—30.8 cents per gallon;blended fuels (gasoli...
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