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2026 Post-Filing Season Update2025 Tax Year-in-Review2025 Year-End Tax PlanningOne Big Beautiful Bill Act (Signed Into Law July 4, 2025)
IRS Issues Whistleblower Alert to Address Potential Fraud (IR 2026-54)
The IRS has issued a Whistleblower Alert highlighting concerns about the misuse, diversion or fraudulent use of federal funds by tax-exempt organizations, individuals and businesses. The IRS encoura...
The IRS has issued a Whistleblower Alert highlighting concerns about the misuse, diversion or fraudulent use of federal funds by tax-exempt organizations, individuals and businesses. The IRS encoura...
Applicable Terminal Charge and SIFL Rates for Determining Value of Noncommercial Flights on Employer-Provided Aircraft Issued (Rev. Rul. 2026-8)
For flights taken during the period from January 1, 2026, through June 30, 2026, the terminal charge is $54.48, and the SIFL rates are: $.2980 per mile for the first 500 miles, $.2272 per mile for 501...
For flights taken during the period from January 1, 2026, through June 30, 2026, the terminal charge is $54.48, and the SIFL rates are: $.2980 per mile for the first 500 miles, $.2272 per mile for 501...
IRS Releases Excludable or Deductible Foreign Housing Expenses for 2026 (Notice 2026-25)
The IRS has provided the foreign housing expense exclusion/deduction amounts for tax year 2026. Generally, a qualified individual whose entire tax year is within the applicable period is limited to ma...
The IRS has provided the foreign housing expense exclusion/deduction amounts for tax year 2026. Generally, a qualified individual whose entire tax year is within the applicable period is limited to ma...
IRS Reports Over 4 Million Children Enrolled in Trump Accounts Pilot Program (IR 2026-42)
The IRS has announced that more than 4 million children were enrolled in tax-favoured Trump Accounts, with over 1 million qualifying for a $1,000 federal contribution under a pilot program. The enrolm...
The IRS has announced that more than 4 million children were enrolled in tax-favoured Trump Accounts, with over 1 million qualifying for a $1,000 federal contribution under a pilot program. The enrolm...
IRS Expands Business Tax Account Access to Partnerships, Governments and Tax-Exempt Organizations (IR 2026-46)
The IRS expanded access to its Business Tax Account platform to partnerships, government entities and tax-exempt organizations. The expansion improved digital service and reduced administrative burden...
The IRS expanded access to its Business Tax Account platform to partnerships, government entities and tax-exempt organizations. The expansion improved digital service and reduced administrative burden...
IRS Reports Timely Refund Processing and Increased Electronic Filing (IR 2026-43)
The IRS delivered timely refund processing during the tax year at issue. Most refunds were issued within 21 days, and returns were processed without delay. The IRS reported that a majority of individu...
The IRS delivered timely refund processing during the tax year at issue. Most refunds were issued within 21 days, and returns were processed without delay. The IRS reported that a majority of individu...
AZ - Penny rounding rules issued
Arizona has adopted mandatory "Swedish rounding" for certain cash transactions in Arizona. The new rule applies when one-cent coins are not available or are not used by a seller at the point of sale a...
Arizona has adopted mandatory "Swedish rounding" for certain cash transactions in Arizona. The new rule applies when one-cent coins are not available or are not used by a seller at the point of sale a...
CA - Nonrecognition of gain from sale of storm-damaged property allowed
Owners of commercial property damaged by a storm were entitled to nonrecognition of gain from the sale of the property, the proceeds of which were used to acquire qualified replacement property. The F...
Owners of commercial property damaged by a storm were entitled to nonrecognition of gain from the sale of the property, the proceeds of which were used to acquire qualified replacement property. The F...
CO - Determination process for qualification as charitable organization codified
Colorado has enacted legislation codifying the process for determining whether an organization qualifies as a charitable organization for state sales and use tax purposes. If an organization presents ...
Colorado has enacted legislation codifying the process for determining whether an organization qualifies as a charitable organization for state sales and use tax purposes. If an organization presents ...
FL - Governmental entities prohibited from imposing taxes to advance net zero policies, including carbon taxes
A governmental entity may not impose any charge, including a tax, fee, penalty, offset, or assessment, to advance a net zero policy, including but not limited to a charge:based on the carbon content o...
A governmental entity may not impose any charge, including a tax, fee, penalty, offset, or assessment, to advance a net zero policy, including but not limited to a charge:based on the carbon content o...
GA - Transportation services tax rates adjusted
Georgia updated its transportation services tax rates for hire ground transport and shared for hire ground transport. For the period of April 1, 2026, through March 31, 2027, the rates are $0.64 per t...
Georgia updated its transportation services tax rates for hire ground transport and shared for hire ground transport. For the period of April 1, 2026, through March 31, 2027, the rates are $0.64 per t...
HI - Relief available for taxpayers affected by March 2026 kona low weather event
Taxpayers adversely affected by the March 2026 Kona Low weather event occurring throughout Hawaii between March 10 and March 23, 2026, may be eligible for state income tax return filing and payment re...
Taxpayers adversely affected by the March 2026 Kona Low weather event occurring throughout Hawaii between March 10 and March 23, 2026, may be eligible for state income tax return filing and payment re...
ID: Reminder issued on exemption for small sellers
daho residents are reminded about previously enacted legislation that provides a sales and use tax exemption for certain small sellers with annual sales of $5,000 or less. The exemption is effective J...
daho residents are reminded about previously enacted legislation that provides a sales and use tax exemption for certain small sellers with annual sales of $5,000 or less. The exemption is effective J...
IL - Treatment of Canadian pension income discussed
Illinois issued a general information letter discussing the treatment of Canadian public and private pension income under the U.S.-Canada tax treaty, federal law, and Illinois tax law. The determinati...
Illinois issued a general information letter discussing the treatment of Canadian public and private pension income under the U.S.-Canada tax treaty, federal law, and Illinois tax law. The determinati...
IA - Rules related to endow Iowa tax credits adopted
Iowa announced the adoption of rules related to the Endow Iowa tax credits, effective May 20, 2026. The rule-making adopts a new chapter and describes the policies and procedures applicable to the pro...
Iowa announced the adoption of rules related to the Endow Iowa tax credits, effective May 20, 2026. The rule-making adopts a new chapter and describes the policies and procedures applicable to the pro...
MD - Theatrical production credit extended
Maryland's theatrical production credit available against corporate and personal income tax is extended through June 30, 2032. The credit was to expire at the end of 2026. Ch. 18, H.B. 472, Laws 2026,...
Maryland's theatrical production credit available against corporate and personal income tax is extended through June 30, 2032. The credit was to expire at the end of 2026. Ch. 18, H.B. 472, Laws 2026,...
MA - Individual mandate penalty for 2026 announced
Massachusetts issued guidance on personal income taxes regarding individual mandate penalties for 2026 under the Massachusetts Health Care Reform Act. The penalties apply to adults 18 and older who ar...
Massachusetts issued guidance on personal income taxes regarding individual mandate penalties for 2026 under the Massachusetts Health Care Reform Act. The penalties apply to adults 18 and older who ar...
NV - Tax exemption criteria tightened for nonprofit organizations
Nevada's Department of Taxation has revised the criteria for nonprofit organizations to qualify for sales and use tax exemptions, requiring compliance with enhanced standards. In determining whether a...
Nevada's Department of Taxation has revised the criteria for nonprofit organizations to qualify for sales and use tax exemptions, requiring compliance with enhanced standards. In determining whether a...
NM - Revision of NOL carryforward amount denied when prior years closed
The New Mexico Administrative Hearings Office denied a taxpayer’s protest regarding the New Mexico corporate income tax and net operating loss (NOL) carryforward amounts reported on its amended 2021...
The New Mexico Administrative Hearings Office denied a taxpayer’s protest regarding the New Mexico corporate income tax and net operating loss (NOL) carryforward amounts reported on its amended 2021...
NY - Reinsurance allocation percentages released
New York has released the current list of reinsurance allocation percentages for insurance franchise tax purposes. The Department of Taxation and Finance advises that the percentage listed for a parti...
New York has released the current list of reinsurance allocation percentages for insurance franchise tax purposes. The Department of Taxation and Finance advises that the percentage listed for a parti...
NC: Guidance issued on weight-based snuff tax, alternative nicotine products tax, and inventory tax
Guidance is issued regarding recently enacted legislation, effective July 1, 2025, that changed the North Carolina excise tax rate methodology for snuff, imposed a new excise tax on alternative nicoti...
Guidance is issued regarding recently enacted legislation, effective July 1, 2025, that changed the North Carolina excise tax rate methodology for snuff, imposed a new excise tax on alternative nicoti...
ND - Local rate changes announced
North Dakota has announced the following local sales and use tax changes effective July 1, 2026: (1) the city of Drayton will increase its city sales, use, and gross receipts tax to 3.5%; (2) the city...
North Dakota has announced the following local sales and use tax changes effective July 1, 2026: (1) the city of Drayton will increase its city sales, use, and gross receipts tax to 3.5%; (2) the city...
OH - 2026 second quarter PAT average wholesale prices released
Ohio has released the petroleum activity tax (PAT) statewide average wholesale prices for the second quarter of 2026.The average prices per gallon for the second quarter are:$1.774 for unleaded gasoli...
Ohio has released the petroleum activity tax (PAT) statewide average wholesale prices for the second quarter of 2026.The average prices per gallon for the second quarter are:$1.774 for unleaded gasoli...
OR - Tax credit established for newly chartered banks
Oregon has enacted a corporate income tax credit for Oregon chartered de novo banks that begin operations between January 1, 2027 and January 1, 2033. The credit can offset up to $1 million in taxes a...
Oregon has enacted a corporate income tax credit for Oregon chartered de novo banks that begin operations between January 1, 2027 and January 1, 2033. The credit can offset up to $1 million in taxes a...
PA - Estimated payment policy clarified
Philadelphia has issued guidance on the business income and receipts tax (BIRT) for tax year 2025. The city clarifies its estimated payment policy following the removal of the $100,000 exclusion, requ...
Philadelphia has issued guidance on the business income and receipts tax (BIRT) for tax year 2025. The city clarifies its estimated payment policy following the removal of the $100,000 exclusion, requ...
TN - Refunds available for certain taxpayers affected by winter storm fern
Tennessee issued a reminder that survivors of Winter Storm Fern may be eligible for refunds of up to $2,500 in sales tax paid on certain items purchased to replace or repair property damaged or destro...
Tennessee issued a reminder that survivors of Winter Storm Fern may be eligible for refunds of up to $2,500 in sales tax paid on certain items purchased to replace or repair property damaged or destro...
TX - March 2026 certification of the average closing price of gas and oil released
The Texas Comptroller of Public Accounts has determined the average taxable price of crude oil for the reporting period March 2026 is $35.95 per barrel for the three-month period beginning on December...
The Texas Comptroller of Public Accounts has determined the average taxable price of crude oil for the reporting period March 2026 is $35.95 per barrel for the three-month period beginning on December...
UT - Eligibility for child tax credit expanded
Beginning on and after January 1, 2026, eligibility for the Utah nonrefundable individual income tax credit for qualifying children is expanded by increasing the thresholds for the income-based phaseo...
Beginning on and after January 1, 2026, eligibility for the Utah nonrefundable individual income tax credit for qualifying children is expanded by increasing the thresholds for the income-based phaseo...
VA - Partial exemption authorized for certain rehabilitated, renovated, or replacement of underutilized structures for residential use
Enacted Virginia legislation authorizes localities to provide a partial real estate tax exemption for a qualifying residential conversion of a building. For purposes of the exemption, a "qualifying re...
Enacted Virginia legislation authorizes localities to provide a partial real estate tax exemption for a qualifying residential conversion of a building. For purposes of the exemption, a "qualifying re...
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