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Tax Briefing(s)

2025 Year-End Tax Planning One Big Beautiful Bill Act (Signed Into Law July 4, 2025)2025 Post-Filing Season Update

Applicable Dollar Amount for Health Insurance Plan Fees Announced (Notice 2025-61)
The IRS has announced that the applicable dollar amount used to calculate the fees imposed by Code Secs. 4375 and 4376 for policy and plan years that end on or after October 1, 2025, and before Oc...

Partnership Claimed Deduction for Wrong Year, Penalties Imposed (Corning Place Ohio LLC., CA-6)
A partnership (taxpayer) was denied a deduction for an easement donation related to a property (P1). The taxpayer claimed the deduction for the wrong year. Additionally, the taxpayer (1) substantially...

IRS Grants Relief to Taxpayers Affected by Terrorist Action in Israel; Deadlines Postponed (Notice 2025-53; IR-2025-97)
The IRS has provided relief under Code Sec. 7508A for persons determined to be affected by the terroristic action in the State of Israel throughout 2024 and 2025. Affected taxpayers have until Septe...

Office of Appeals Begins Pilot Program on Mediation (IR-2025-100)
The IRS Independent Office of Appeals has launched a two-year pilot program to make Post Appeals Mediation (PAM) more attractive to taxpayers. Under the new PAM pilot, cases will be reassigned to an A...

IRS Reminds Taxpayers to Safeguard Financial Records in Emergency Plans
The IRS has reminded taxpayers that emergency readiness has gone beyond food, water and shelter. It also includes safeguarding financial and tax documents. Families and businesses should review their ...

AZ - Local rate change announced
The Arizona Department of Revenue has announced a new local transaction privilege tax (TPT) rate change. In addition to previously announced local rate changes, the Department announced the following ...

CA - Updated guidance issued for motor vehicle dealers
Updated sales and use tax guidance is issued for motor vehicle dealers regarding the sale, lease, or use of a vehicle. Topics discussed include motor vehicle sales, vehicle leases and rentals, vehicle...

CO - Innovative motor vehicle credit amounts announced for 2026
Colorado updated its guidance on the refundable income tax credit for the purchase or lease of new electric, plug-in hybrid electric, and hydrogen fuel cell motor vehicles that are titled and register...

FL - 2026 motor fuels tax rates announced
The 2026 Florida motor fuel and diesel fuel tax rates are announced. The aviation fuel tax is repealed effective January 1, 2026. The adjusted fuel tax rates are effective January 1, 2026, and they ap...

GA - Qualified timberland program guidance released
For Georgia property tax purposes, the Department of Revenue issued the 2026 Qualified Timberland Property Appraisal Manual. Qualified Timberland Property Appraisal Manual 2026, Georgia Department of...

HI - Aircraft part sales proceeds were not exempt amounts from servicing and maintenance
An aircraft manufacturer's sales of parts to an airline, which the airline used to service and maintain its aircraft, were taxable sales subject to Hawaii general excise tax and did not qualify for th...

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...

IL - University granted charter exemption not subject to tax
A nonprofit university granted a charter-based property tax exemption under the Illinois Constitution was not subject to property tax after it no longer conducted educational activities. The county as...

IA - 2026 withholding tax tables issued
The Iowa Department of Revenue is issuing updated income tax withholding formulas and tables for 2026. The Department updates withholding formulas and tables when necessary to account for inflation an...

MD - State will defer payment plans for federal employees unable to meet obligations
The Maryland Comptroller announced that the state will defer payment plans for federal employees who are unable to meet their tax obligations due to the federal government shutdown.Federal employees d...

MA - New rule for apprentice tax credit issued
A newly issued regulation outlines personal income and corporate income tax rules for the Massachusetts Apprentice Tax Credit. The rule clarifies relevant definitions, limitations and special rules ap...

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...

NM - Trailer-mounted generators
A New Mexico administrative hearing officer ruled that a taxpayer was entitled to a refund of Motor Vehicle Excise Tax paid on the purchase of trailer-mounted generators, as only the trailers, and not...

NY - 2026 withholding tables released
Updated New York State, New York City, and Yonkers publications containing withholding tables and methods have been released for 2026.The revised state schedules reflect certain rate reductions enacte...

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...

ND - Local rate changes announced
North Dakota has announced the following local sales and use tax changes effective January 1, 2026: (1) the city of Medina will impose a 1% local lodging and restaurant tax; (2) the city of Sherwood w...

OH - Interest rates for taxes updated
Ohio has certified new interest rates for taxes for calendar year 2026. For 2026 the interest rates will decrease to:4%, from 5%, for estate tax and persoanl property tax; and7%, from 8%, for all othe...

OR - Oral nicotine products tax begins January 2026
The Oregon Department of Revenue (DOR) is encouraging businesses that distribute and sell oral nicotine products to plan ahead for a new tax that applies to all oral nicotine products sold and distrib...

PA - Philadelphia reminds taxpayers of changes
Philadelphia reminds taxpayers about upcoming changes to its:business income and receipts tax (BIRT);property tax;use & occupancy tax; andwage, school income, and earnings tax.Exemption Eliminatio...

TN - Unicoi County rate increased
Effective January 1, 2026, the Unicoi County, Tennessee, mineral severance tax rate will increase to 20 cents per ton. This rate will apply to sand, chert, sandstone, limestone, and gravel severed fro...

TX - Refund Claim Denied Due To Improper Extension Payment
The Texas Comptroller held that a taxpayer's Texas franchise tax refund claim was barred by the statute of limitations. The taxpayer filed the necessary extension request by the appropriate deadline, ...

UT - Insurance premium tax rate on workers compensation premiums decreases
Effective January 1, 2026, the Utah workers’ compensation insurance premium tax rate decreases to 1.15%. The tax rate applies to all taxable workers' compensation premiums for the 2026 calendar year...

VA - City of Richmond enacts disposable plastic bag tax
Effective January 1, 2026, the city of Richmond adopts the Virginia disposable plastic bag tax. The tax is imposed at the rate of 5 cents on each disposable plastic bag provided to shoppers in local g...

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