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 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 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 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 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 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 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 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...
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...
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...
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...
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...
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...
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 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...
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...
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...
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...
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...
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...
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 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...
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 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...
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...
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...
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...
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 ...
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...
Welcome and thank you for visiting our Website. In addition to providing you with a profile of our firm and the services we provide, this Website has been designed to become a helpful resource tool to you, our valued clients and visitors. Our dedication to superior client service has brought us to the Internet as we endeavor to continue to provide the highest quality professional service and guidance.
As you browse through our Website, you will see that we have highlighted background information on our firm and the services we provide. We have also included useful resources such as informative articles (in our Newsletter section) and interactive financial calculators (in our Financial Tools section). In addition, we have taken the time to gather many links to external Websites that we think would be of interest to our clients and visitors (in our Internet Links section).
Please feel free to contact us with any questions or comments you may have - we'd love to hear from you. We pride ourselves on being proactive and responsive to our clients' inquiries and suggestions.