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2025 Tax Year-in-Review2025 Year-End Tax PlanningOne Big Beautiful Bill Act (Signed Into Law July 4, 2025)
IRS Opens 2026 Tax Filing Season with Enhanced Digital Tools and Faster Refunds (IR 2026-12)
The IRS has announced the opening of the 2026 tax filing season and has begun accepting and processing federal individual income tax returns for the tax year 2025. Additionally, the IRS encouraged tax...
The IRS has announced the opening of the 2026 tax filing season and has begun accepting and processing federal individual income tax returns for the tax year 2025. Additionally, the IRS encouraged tax...
National Taxpayer Advocate Warns of Filing Challenges for 2026 Season (IR 2026-15)
The National Taxpayer Advocate reported, that most individual taxpayers experienced a smooth filing process during the 2025 tax year, but warned that the 2026 filing season may present greater challen...
The National Taxpayer Advocate reported, that most individual taxpayers experienced a smooth filing process during the 2025 tax year, but warned that the 2026 filing season may present greater challen...
IRS Offers Tips for Choosing Qualified Tax Return Preparers
IRS has advised individual taxpayers that they remain legally responsible for the accuracy of their federal tax returns, even when using a paid preparer. With most tax documents now issued, the agency...
IRS has advised individual taxpayers that they remain legally responsible for the accuracy of their federal tax returns, even when using a paid preparer. With most tax documents now issued, the agency...
IRS Outlines Key Steps for 2026 Filing Season Readiness
The IRS has issued guidance urging taxpayers to take several important steps in advance of the 2026 federal tax filing season, which opens on January 26. Individuals are encouraged to create or access...
The IRS has issued guidance urging taxpayers to take several important steps in advance of the 2026 federal tax filing season, which opens on January 26. Individuals are encouraged to create or access...
IRS Confirms Supplemental Military Housing Payments Are Not Taxable (IR 2026-09)
The IRS has confirmed that supplemental housing payments issued to members of the uniformed services in December 2025 are not subject to federal income tax. These payments, classified as “qualified ...
The IRS has confirmed that supplemental housing payments issued to members of the uniformed services in December 2025 are not subject to federal income tax. These payments, classified as “qualified ...
IRS Announces New Digital Form 211 for Whistleblower Submissions (IR 2025-123)
The IRS announced that its Whistleblower Office has launched a new digital Form 211 to make reporting tax noncompliance faster and easier. Further, the electronic option allows individuals to submit i...
The IRS announced that its Whistleblower Office has launched a new digital Form 211 to make reporting tax noncompliance faster and easier. Further, the electronic option allows individuals to submit i...
IRS Highlights Taxpayer Rights Under the Taxpayer Bill of Rights
The IRS has reminded taxpayers about the legal protections afforded by the Taxpayer Bill of Rights. Organized into 10 categories, these rights ensure taxpayers can engage with the IRS confidently and...
The IRS has reminded taxpayers about the legal protections afforded by the Taxpayer Bill of Rights. Organized into 10 categories, these rights ensure taxpayers can engage with the IRS confidently and...
FinCEN Postpones Investment Adviser Rule Until 2028 (FinCEN Final Rule RIN 1506-AB58 and 1506-AB69)
The Financial Crimes Enforcement Network (FinCEN) has amended the Anti-Money Laundering/Countering the Financing of Terrorism (AML/CFT) Program and Suspicious Activity Report (SAR) Filing Requirements...
The Financial Crimes Enforcement Network (FinCEN) has amended the Anti-Money Laundering/Countering the Financing of Terrorism (AML/CFT) Program and Suspicious Activity Report (SAR) Filing Requirements...
AZ - Governor hobbs vetoes second conformity bill
Arizona Governor Katie Hobbs vetoed HB 2785, marking the second time she declined to approve a tax conformity bill during the 2026 filing season. Her Veto Letter noted that she will sign The Middle...
Arizona Governor Katie Hobbs vetoed HB 2785, marking the second time she declined to approve a tax conformity bill during the 2026 filing season. Her Veto Letter noted that she will sign The Middle...
CA - Credit for alternative minimum tax form instructions are updated for taxable year 2025
The California Franchise Tax Board (FTB) has updated form instructions for taxable year 2025 regarding the credit for prior year alternative minimum tax (AMT) or minimum tax credit:Schedule P (100) In...
The California Franchise Tax Board (FTB) has updated form instructions for taxable year 2025 regarding the credit for prior year alternative minimum tax (AMT) or minimum tax credit:Schedule P (100) In...
CO - Proceeds from real estate sale excluded from apportionment factor calculation
Gross receipts from the sale of Colorado real estate by a partnership were excluded from the numerator and denominator of the partnership's apportionment factor for income tax purposes. This exclusion...
Gross receipts from the sale of Colorado real estate by a partnership were excluded from the numerator and denominator of the partnership's apportionment factor for income tax purposes. This exclusion...
FL - Department issues motor vehicle sales tax rates by state for purposes of partial exemption
Florida has issued motor vehicle sales tax rates by state as of February 11, 2026. Florida law provides a partial sales tax exemption for the sale of a new or used motor vehicle in Florida to a reside...
Florida has issued motor vehicle sales tax rates by state as of February 11, 2026. Florida law provides a partial sales tax exemption for the sale of a new or used motor vehicle in Florida to a reside...
GA - County tax rate changes announced for Q2
Multiple Georgia counties have sales and use tax rate change that take effect on April 1, 2026.The following county will have a rate of 7%:– Cherokee.The following counties will have a rate of 8%:â€...
Multiple Georgia counties have sales and use tax rate change that take effect on April 1, 2026.The following county will have a rate of 7%:– Cherokee.The following counties will have a rate of 8%:â€...
HI - New process for pre-certification of tax exemption for rental income from affordable housing
Hawaii has a new process for pre-certification of the general excise tax (GET) exemption for rental income from the leasing of affordable housing units. Pre-certification is an optional process that w...
Hawaii has a new process for pre-certification of the general excise tax (GET) exemption for rental income from the leasing of affordable housing units. Pre-certification is an optional process that w...
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 - Governor proposes social media tax, pause to data center credits
Illinois Gov. JB Pritzker’s State of the State and budget address included proposals to:impose a fee or tax on social media platforms to support K-12 education; andpause income tax credits for const...
Illinois Gov. JB Pritzker’s State of the State and budget address included proposals to:impose a fee or tax on social media platforms to support K-12 education; andpause income tax credits for const...
IA - Taxpayer Was Not “Prevailing Taxpayer” Entitled to Costs
The Iowa Department of Revenue’s Final Order determined the taxpayer was not entitled to a discretionary award of reasonable litigation costs. The taxpayer sought judicial review, and the district c...
The Iowa Department of Revenue’s Final Order determined the taxpayer was not entitled to a discretionary award of reasonable litigation costs. The taxpayer sought judicial review, and the district c...
MD - Guidance issued on capital gains surtax
The Maryland Comptroller has issued guidance regarding the additional 2% capital gains tax on individuals with federal adjusted gross income in excess of $350,000 regardless of filing status, beginnin...
The Maryland Comptroller has issued guidance regarding the additional 2% capital gains tax on individuals with federal adjusted gross income in excess of $350,000 regardless of filing status, beginnin...
MA - Penalties for advance payments may be waived
Massachusetts has issued a revised regulation concerning advance payments for sales and use tax and room occupancy excise. The updated regulation includes provisions for the waiver or abatement of pen...
Massachusetts has issued a revised regulation concerning advance payments for sales and use tax and room occupancy excise. The updated regulation includes provisions for the waiver or abatement of pen...
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 - Hospital equipment council tax exemption denied
The New Mexico Attorney General issued a new opinion addressing property tax exemptions claimed under the hospital equipment loan act (HELA). The attorney general determined that the HELA council does...
The New Mexico Attorney General issued a new opinion addressing property tax exemptions claimed under the hospital equipment loan act (HELA). The attorney general determined that the HELA council does...
NY - 2025 MeF guide for return preparers released
New York released its Modernized e-File (MeF) Guide for Return Preparers for tax year 2025. The guide highlights various form revisions and lists new forms that can be e-filed for tax year 2025. The g...
New York released its Modernized e-File (MeF) Guide for Return Preparers for tax year 2025. The guide highlights various form revisions and lists new forms that can be e-filed for tax year 2025. The g...
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 - Guidance on sales to or by native Americans updated
North Dakota updated its guidance on sales and use tax for transactions involving Native Americans. The guidance discusses tax exemptions for sales made by Native American retailers on reservations, t...
North Dakota updated its guidance on sales and use tax for transactions involving Native Americans. The guidance discusses tax exemptions for sales made by Native American retailers on reservations, t...
OH - IRC conformity bill goes to governor
The Ohio House passed a bill that would update the state's Internal Revenue Code (IRC) conformity date to incorporate changes taking effect after March 7, 2025. The bill previously passed the Ohio Sen...
The Ohio House passed a bill that would update the state's Internal Revenue Code (IRC) conformity date to incorporate changes taking effect after March 7, 2025. The bill previously passed the Ohio Sen...
OR - Guidance on kids credit adjustments released
Oregon updated guidance for taxpayers claiming the Oregon Kids Credit on personal income tax returns for 2025. Oregon had to make corrections to tax form instructions and tax preparation software part...
Oregon updated guidance for taxpayers claiming the Oregon Kids Credit on personal income tax returns for 2025. Oregon had to make corrections to tax form instructions and tax preparation software part...
PA - Tax assessment on complimentary rooms not authorized
The Commonwealth Court of Pennsylvania affirmed the decision of the trial court, holding that a casino resort is not obligated to pay hotel room rental tax on complimentary rooms provided to patrons. ...
The Commonwealth Court of Pennsylvania affirmed the decision of the trial court, holding that a casino resort is not obligated to pay hotel room rental tax on complimentary rooms provided to patrons. ...
TN - County mineral severance tax rate increases announced
Tennessee announced that the following counties will increase their mineral severance taxes to 20 cents per ton, effective April 1, 2026: Hamblen; Johnson; Meigs; and Union.Also, Sequatchie County has...
Tennessee announced that the following counties will increase their mineral severance taxes to 20 cents per ton, effective April 1, 2026: Hamblen; Johnson; Meigs; and Union.Also, Sequatchie County has...
TX - Updated R&D credit information
Texas updated its guidance regarding the research and development (R&D) credit available under the Texas franchise tax. The guidance indicates that the R&D credit available prior to January 1,...
Texas updated its guidance regarding the research and development (R&D) credit available under the Texas franchise tax. The guidance indicates that the R&D credit available prior to January 1,...
UT - Koosharem imposes municipality transient room tax
Beginning April 1, 2026, Koosharem in Sevier County, Utah, imposes a 1% municipality transient room tax. This raises the total transient room tax in Koosharem to 6.57%. Those providing short-term publ...
Beginning April 1, 2026, Koosharem in Sevier County, Utah, imposes a 1% municipality transient room tax. This raises the total transient room tax in Koosharem to 6.57%. Those providing short-term publ...
VA - Nonprofit organization properly denied tax exemption for office condominium it owned
The Court of Appeals of Virginia affirmed a trial court’s ruling that a nonprofit organization was not entitled to a real property tax exemption for a two-unit office condominium that it owned. Init...
The Court of Appeals of Virginia affirmed a trial court’s ruling that a nonprofit organization was not entitled to a real property tax exemption for a two-unit office condominium that it owned. Init...
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