Tax Alerts
Tax Briefing(s)
IRS Reminds Low- and Moderate-Income Taxpayers of Saver’s Credit to Save Retirement Savings in 2025 and Future Years, IR-2024-298
The IRS reminded low- and moderate-income taxpayers to save for retirement now and possibly earn a tax credit in 2025 and future years through the Saver’s Credit. The Retirement Savings Contribution...
The IRS reminded low- and moderate-income taxpayers to save for retirement now and possibly earn a tax credit in 2025 and future years through the Saver’s Credit. The Retirement Savings Contribution...
IRS and Security Summit Partners Warn Against Bad Tax Advice on Social Media, IR-2024-302
The IRS and Security Summit partners issued a consumer alert regarding the increasing risk of misleading tax advice on social media, which caused people to file inaccurate tax returns. To avoid mist...
The IRS and Security Summit partners issued a consumer alert regarding the increasing risk of misleading tax advice on social media, which caused people to file inaccurate tax returns. To avoid mist...
IRS and Security Summit Recommend Joining IP PIN Program, IR-2024-303
The IRS and the Security Summit partners encouraged taxpayers to join the Identity Protection Personal Identification Number (IP PIN) program at the start of the 2025 tax season. IP PINs are availabl...
The IRS and the Security Summit partners encouraged taxpayers to join the Identity Protection Personal Identification Number (IP PIN) program at the start of the 2025 tax season. IP PINs are availabl...
IRS Warns Taxpayers to Avoid Promoters of Fraudulent Charitable Contribution Tax Schemes, IR-2024-304
The IRS warned taxpayers to avoid promoters of fraudulent tax schemes involving donations of ownership interests in closely held businesses, sometimes marketed as "Charitable LLCs." Participating in...
The IRS warned taxpayers to avoid promoters of fraudulent tax schemes involving donations of ownership interests in closely held businesses, sometimes marketed as "Charitable LLCs." Participating in...
Security Summit Urges Updating Digital Security to Prevent Identity Theft, IR-2024-306
The IRS, along with Security Summit partners, urged businesses and individual taxpayers to update their security measures and practices to protect against identity theft targeting financial data. Th...
The IRS, along with Security Summit partners, urged businesses and individual taxpayers to update their security measures and practices to protect against identity theft targeting financial data. Th...
2024 Required Amendments List Issued, Notice 2024-82
The IRS has issued its 2024 Required Amendments List (2024 RA List) for individually designed employee retirement plans. RA Lists apply to both Code Secs. 401(a) and 403(b) individually designed p...
The IRS has issued its 2024 Required Amendments List (2024 RA List) for individually designed employee retirement plans. RA Lists apply to both Code Secs. 401(a) and 403(b) individually designed p...
AL - City of owens cross roads imposes lodgings tax
Effective January 1, 2025, the city of Owens Cross Roads imposes a new local Alabama lodgings tax in the amount of 6 percent. Local Tax Notice, Alabama Department of Revenue, December 31, 2024...
Effective January 1, 2025, the city of Owens Cross Roads imposes a new local Alabama lodgings tax in the amount of 6 percent. Local Tax Notice, Alabama Department of Revenue, December 31, 2024...
AK - Integrated transmission systems legislation enacted
Alaska has enacted legislation creating new energy incentives by extending tax-exempt statutes to independent power producers. An electricity generation facility or electricity storage facility that i...
Alaska has enacted legislation creating new energy incentives by extending tax-exempt statutes to independent power producers. An electricity generation facility or electricity storage facility that i...
AZ - No more privilege tax on residential rentals post-2024
Arizona provided guidance on the transaction privilege tax (TPT) applicable to residential rental businesses, emphasizing that no relevant state, county, or city privilege tax will be imposed after De...
Arizona provided guidance on the transaction privilege tax (TPT) applicable to residential rental businesses, emphasizing that no relevant state, county, or city privilege tax will be imposed after De...
AR - Interest expenses from corporate spin-off qualified as nonbusiness income under UDITPA
A seller of retail motor fuel products domiciled in Arkansas could categorize certain interest expenses from a corporate spin-off as nonbusiness income under the Uniform Division of Income for Tax Pur...
A seller of retail motor fuel products domiciled in Arkansas could categorize certain interest expenses from a corporate spin-off as nonbusiness income under the Uniform Division of Income for Tax Pur...
CA - Local tax rate chart issued
The California Department of Tax and Fee Administration has released a local sales tax chart for cities and counties as of January 1, 2025. It contains the new 8.0% Amador City rate and the new 8.5% R...
The California Department of Tax and Fee Administration has released a local sales tax chart for cities and counties as of January 1, 2025. It contains the new 8.0% Amador City rate and the new 8.5% R...
CO - Changes to local tax rates effective from January 1, 2025
Changes to local Colorado sales tax rates have been announced, set to take effect from January 1, 2025.State-Collected City Sales and Use Tax ChangesThe following state-collected city tax changes have...
Changes to local Colorado sales tax rates have been announced, set to take effect from January 1, 2025.State-Collected City Sales and Use Tax ChangesThe following state-collected city tax changes have...
CT - Employer's tax guide to withholding requirements issued
Connecticut has issued an updated employer's personal income tax guide to withholding requirements.Informational Publication 2025(1), Connecticut Department of Revenue Services, December 17, 2024; mod...
Connecticut has issued an updated employer's personal income tax guide to withholding requirements.Informational Publication 2025(1), Connecticut Department of Revenue Services, December 17, 2024; mod...
DE - Guidance provided on short-term rental tax
Delaware provided guidance for the new lodging tax on businesses or individuals who facilitate or arrange short-term rentals through a website or other method. The tax applies to rental agreements sig...
Delaware provided guidance for the new lodging tax on businesses or individuals who facilitate or arrange short-term rentals through a website or other method. The tax applies to rental agreements sig...
DC - Landscape architect services exempted from sales tax
The District of Columbia has exempted landscape architecture services performed by a licensed landscape architect in the District, or by a professional design firm employing a landscape architect, fro...
The District of Columbia has exempted landscape architecture services performed by a licensed landscape architect in the District, or by a professional design firm employing a landscape architect, fro...
FL - 2025 governmental leasehold intangible tax valuation factor table released
For purposes of calculating the 2025 intangible personal property tax on governmental leaseholds, the Florida Department of Revenue has issued the valuation factor table. In Florida, all governmental ...
For purposes of calculating the 2025 intangible personal property tax on governmental leaseholds, the Florida Department of Revenue has issued the valuation factor table. In Florida, all governmental ...
GA - 2025 employer's withholding tax guide issued
The Georgia Department of Revenue issued an updated employer's withholding tax guide for personal income tax withholding purposes. The guide provides a summary of changes for 2025, among other informa...
The Georgia Department of Revenue issued an updated employer's withholding tax guide for personal income tax withholding purposes. The guide provides a summary of changes for 2025, among other informa...
HI - New temporary pass-through entity tax rules adopted
The Hawaii Department of Taxation has repealed and adopted new temporary rules relating to the elective pass-through entity (PTE) tax and its accompanying income tax credit. The temporary rules cover ...
The Hawaii Department of Taxation has repealed and adopted new temporary rules relating to the elective pass-through entity (PTE) tax and its accompanying income tax credit. The temporary rules cover ...
ID - Disabled veterans are eligible to apply for property tax benefit; deadline is April 15
The Idaho State Tax Commission has issued a release announcing that veterans with disabilities are eligible to have their property tax bill reduced by as much as $1,500 on their Idaho residence and up...
The Idaho State Tax Commission has issued a release announcing that veterans with disabilities are eligible to have their property tax bill reduced by as much as $1,500 on their Idaho residence and up...
IL - Guidance on changes to tax forms and schedules provided
Illinois provided guidance on changes to business and personal income tax forms and schedules for the 2024 tax year. The guidance includes tips, general information, and reminders for the filing seaso...
Illinois provided guidance on changes to business and personal income tax forms and schedules for the 2024 tax year. The guidance includes tips, general information, and reminders for the filing seaso...
IN - Guidance provided on attainable homeownership tax credit
Guidance is provided regarding the Indiana attainable homeownership corporate income, personal income, and financial institutions tax credit. A taxpayer making a contribution to an affordable housing ...
Guidance is provided regarding the Indiana attainable homeownership corporate income, personal income, and financial institutions tax credit. A taxpayer making a contribution to an affordable housing ...
IA - Guidance provided on glass and metal device excise tax
The Iowa Department of Revenue has reminded taxpayers that as of January 1, 2025, glass and metal devices designed for inhaling tobacco, hemp, other plant materials, or controlled substances are subje...
The Iowa Department of Revenue has reminded taxpayers that as of January 1, 2025, glass and metal devices designed for inhaling tobacco, hemp, other plant materials, or controlled substances are subje...
KS - 2025 personal property tax summary and guide issued
Kansas issued a personal property tax summary and comprehensive guide for the 2025 tax year. The guide outlines procedures for valuing each subclass of personal property set forth in the Kansas Consti...
Kansas issued a personal property tax summary and comprehensive guide for the 2025 tax year. The guide outlines procedures for valuing each subclass of personal property set forth in the Kansas Consti...
KY - Homestead exemption for seniors and disabled individuals announced
Kentucky announced the amount of the homestead exemption for residential property owners who are 65 years of age or older or classified as totally disabled. The exemption for eligible taxpayers is $49...
Kentucky announced the amount of the homestead exemption for residential property owners who are 65 years of age or older or classified as totally disabled. The exemption for eligible taxpayers is $49...
LA - Emergency withholding rule issued
The Louisiana Department of Revenue has issued an emergency rule reflecting updated withholding tables which reflect repeal of the personal income tax brackets in favor of a 3% flat taxed passed in Ac...
The Louisiana Department of Revenue has issued an emergency rule reflecting updated withholding tables which reflect repeal of the personal income tax brackets in favor of a 3% flat taxed passed in Ac...
ME - Certain services exempt from provider tax in 2025
Maine Revenue Services reminders taxpayer that starting in 2025, the following services are exempt from service provider tax:private nonmedical institution services;community support services for pers...
Maine Revenue Services reminders taxpayer that starting in 2025, the following services are exempt from service provider tax:private nonmedical institution services;community support services for pers...
MD - Tax court could not decide foreign income exclusion since refund had been made
Despite confusion as to whether Maryland taxpayers may claim the Foreign Earned Income Exclusion on personal income tax returns, the Maryland Tax Court could not decide the issue in this case because ...
Despite confusion as to whether Maryland taxpayers may claim the Foreign Earned Income Exclusion on personal income tax returns, the Maryland Tax Court could not decide the issue in this case because ...
MA - Data center exemption guidelines under development
The creation of new sales and use tax exemption guidelines for qualified data center owners and operators is underway by the Massachusetts Executive Office of Economic Development (EOED). The EOED is ...
The creation of new sales and use tax exemption guidelines for qualified data center owners and operators is underway by the Massachusetts Executive Office of Economic Development (EOED). The EOED is ...
MI - Taxpayer was required to seek approval for alternative apportionment
The Michigan Department of Treasury has reported on the resolution of MGM Grand Detroit, Inc. v. Dept. of Treasury, MI Ct of Claims, No. 24-000009-MT. One of the unitary business group's (UBG) member...
The Michigan Department of Treasury has reported on the resolution of MGM Grand Detroit, Inc. v. Dept. of Treasury, MI Ct of Claims, No. 24-000009-MT. One of the unitary business group's (UBG) member...
MN - Taxpayer's appeal dismissed for lack of subject matter jurisdiction
For Minnesota personal income tax purposes, the Commissioner of Revenue’s motion to dismiss the notice of appeal was granted because the taxpayer failed to serve the notice of appeal on the Commissi...
For Minnesota personal income tax purposes, the Commissioner of Revenue’s motion to dismiss the notice of appeal was granted because the taxpayer failed to serve the notice of appeal on the Commissi...
MS - Fair market values for cannabis excise tax announced
Effective January 1, 2025, the fair market value of medical cannabis flower and medical cannabis trim for purposes of the Mississippi cannabis excise tax are:$1,607 per pound for flower sold to a comm...
Effective January 1, 2025, the fair market value of medical cannabis flower and medical cannabis trim for purposes of the Mississippi cannabis excise tax are:$1,607 per pound for flower sold to a comm...
MO - Local tax rate changes announced
The following local Missouri sales and use tax rate changes take effect January 1, 2025. Also, new rates are listed for each county, city, and special district affected by the rate changes.County Chan...
The following local Missouri sales and use tax rate changes take effect January 1, 2025. Also, new rates are listed for each county, city, and special district affected by the rate changes.County Chan...
MT - Budget proposal includes income tax cuts, property tax reduction
Montana Gov. Greg Gianforte announced his budget plan for the next biennium. The governor’s budget proposal includes:an income tax cut, reducing the income tax rate most Montanans pay from 5.9% to 4...
Montana Gov. Greg Gianforte announced his budget plan for the next biennium. The governor’s budget proposal includes:an income tax cut, reducing the income tax rate most Montanans pay from 5.9% to 4...
NE - Retailers prohibited from advertising assumption of sales tax
The Nebraska Department of Revenue updated its guidance on unlawful advertisements referring to sales tax. The state instructed retailers that they are prohibited from advertising or implying that the...
The Nebraska Department of Revenue updated its guidance on unlawful advertisements referring to sales tax. The state instructed retailers that they are prohibited from advertising or implying that the...
NV - Regulation on reduction of taxable value amended
Nevada has amended its regulation on the deduction of obsolescence from the taxable value of property. In determining the amount of obsolescence to be deducted, the State Board and the county boards o...
Nevada has amended its regulation on the deduction of obsolescence from the taxable value of property. In determining the amount of obsolescence to be deducted, the State Board and the county boards o...
NH - BET, BPT filing threshold amounts for 2025 released
The New Hampshire Department of Revenue Administration has released the inflation-adjusted filing threshold figures for the business enterprise tax and business profits tax. For taxable periods beginn...
The New Hampshire Department of Revenue Administration has released the inflation-adjusted filing threshold figures for the business enterprise tax and business profits tax. For taxable periods beginn...
NJ - Guidance expanded to include intoxicating hemp products sales
New Jersey updated its publication providing cannabis businesses with detailed sales and use tax and social equity excise fee (SEEF) guidance to include intoxicating hemp product sales.On September 12...
New Jersey updated its publication providing cannabis businesses with detailed sales and use tax and social equity excise fee (SEEF) guidance to include intoxicating hemp product sales.On September 12...
NM - Interest rate decreases for first quarter of 2025
The interest rate charged on an underpayment or paid on an overpayment of New Mexico tax will decrease to 7% for the first quarter of 2025. The rates can be viewed on the New Mexico Department of Reve...
The interest rate charged on an underpayment or paid on an overpayment of New Mexico tax will decrease to 7% for the first quarter of 2025. The rates can be viewed on the New Mexico Department of Reve...
NY - 2024 MeF handbooks released
New York released its corporation tax Modernized e-File (MeF) handbooks for software developers (Publication 115) and tax practitioners (Publication 116) for tax year 2024. The handbooks list new form...
New York released its corporation tax Modernized e-File (MeF) handbooks for software developers (Publication 115) and tax practitioners (Publication 116) for tax year 2024. The handbooks list new form...
NC - Taxpayer’s petition barred by state’s sovereign immunity
A taxpayer’s petition challenging a North Carolina sales and use tax assessment was barred by the doctrine of sovereign immunity because the petition was untimely filed. In this matter, the taxpayer...
A taxpayer’s petition challenging a North Carolina sales and use tax assessment was barred by the doctrine of sovereign immunity because the petition was untimely filed. In this matter, the taxpayer...
ND - Local tax changes announced for upcoming year
North Dakota local tax changes effective from January 1, 2025, have been announced for several cities. The City of Ashley will increase its sales, use, and gross receipts tax to 2%, while Mandan's tax...
North Dakota local tax changes effective from January 1, 2025, have been announced for several cities. The City of Ashley will increase its sales, use, and gross receipts tax to 2%, while Mandan's tax...
OH - First FIT estimated payment deadline approaching
Ohio reminds all financial institutions tax (FIT) practitioners and taxpayers that the first estimated tax payment for the 2025 FIT tax year is due by January 31, 2025.Taxpayers may visit the departme...
Ohio reminds all financial institutions tax (FIT) practitioners and taxpayers that the first estimated tax payment for the 2025 FIT tax year is due by January 31, 2025.Taxpayers may visit the departme...
OK - Local tax rate changes announced
Oklahoma local sales and use tax rate changes have been announced effective April 1, 2025.Foyil eliminates its 4% use tax.Pond Creek increases its sales and use tax rate to 4%. Rates and Codes for Sa...
Oklahoma local sales and use tax rate changes have been announced effective April 1, 2025.Foyil eliminates its 4% use tax.Pond Creek increases its sales and use tax rate to 4%. Rates and Codes for Sa...
OR - U.S. supreme court declines to review nexus safe harbor decision
The U.S. Supreme Court has declined to review a decision by the Oregon Supreme Court affirming that a cigarette manufacturer’s activities, including return of goods and "prebook orders," were not pr...
The U.S. Supreme Court has declined to review a decision by the Oregon Supreme Court affirming that a cigarette manufacturer’s activities, including return of goods and "prebook orders," were not pr...
PA - Appeals process revision discussed
Pennsylvania's most recent tax update discusses recent changes to the appeals process. An update in tax law has changed the appeal time frame for all personal income tax, employer withholding, and pas...
Pennsylvania's most recent tax update discusses recent changes to the appeals process. An update in tax law has changed the appeal time frame for all personal income tax, employer withholding, and pas...
RI - Motor fuel tax increases July 1, 2025
Rhode Island motor fuel tax increases by one cent effective July 1, 2025, to 38 cents per gallon. Advisory for Taxpayers and Tax Professionals 2024-29, Rhode Island Department of Revenue, Division of...
Rhode Island motor fuel tax increases by one cent effective July 1, 2025, to 38 cents per gallon. Advisory for Taxpayers and Tax Professionals 2024-29, Rhode Island Department of Revenue, Division of...
SC - Historic structure rehabilitation credits discussed
South Carolina issued a release discussing the tax credits allowed as incentives for rehabilitating certified historic structures and historic residential structures located in the state. The document...
South Carolina issued a release discussing the tax credits allowed as incentives for rehabilitating certified historic structures and historic residential structures located in the state. The document...
SD - Guidance on taxability of motor vehicle leases and rentals updated
The South Dakota Department of Revenue has updated a tax facts sheet discussing the applicability of state and local sales and use tax to motor vehicle leases and rentals. The facts sheet discusses, a...
The South Dakota Department of Revenue has updated a tax facts sheet discussing the applicability of state and local sales and use tax to motor vehicle leases and rentals. The facts sheet discusses, a...
TN - Rate change announced for Giles County
Giles County, Tennessee, will increase its local sales tax rate to 2.75% effective February 1, 2025. The new rate will apply to all taxable sales of tangible personal property made on or after Februar...
Giles County, Tennessee, will increase its local sales tax rate to 2.75% effective February 1, 2025. The new rate will apply to all taxable sales of tangible personal property made on or after Februar...
TX - Guidance issued on order of applying franchise tax credits and credit carryforwards
The Texas Comptroller issued a memo providing guidance on the order of application of franchise tax credits and credit carryforwards. The memo states that taxpayers should apply franchise tax credits ...
The Texas Comptroller issued a memo providing guidance on the order of application of franchise tax credits and credit carryforwards. The memo states that taxpayers should apply franchise tax credits ...
UT - Reminder issued on first quarter 2025 changes
Utah issued a reminder on the most recent general and specific sales tax changes, effective January 1, 2025.General ChangesThe general changes are as follows:Newly Organized Special Entities: Fairpark...
Utah issued a reminder on the most recent general and specific sales tax changes, effective January 1, 2025.General ChangesThe general changes are as follows:Newly Organized Special Entities: Fairpark...
VT - 2025 withholding tables released
Vermont has released its 2025 income tax withholding instructions and tables. Among other topics, the instructions discuss how Vermont income tax withholding is calculated, adjustments for services no...
Vermont has released its 2025 income tax withholding instructions and tables. Among other topics, the instructions discuss how Vermont income tax withholding is calculated, adjustments for services no...
VA - Gov. Youngkin proposes to exempt service tips from state income tax
Virginia Gov. Glenn Youngkin announced a budget proposal to exempt service tips from state income tax. Under the proposal, Virginia residents who earn tips would be able to claim a deduction on their ...
Virginia Gov. Glenn Youngkin announced a budget proposal to exempt service tips from state income tax. Under the proposal, Virginia residents who earn tips would be able to claim a deduction on their ...
WA - Regulation relating to purchases for farming updated
The Washington Department of Revenue has updated its excise tax rule on the application of sales and use tax and business and occupation (B&O) tax to the purchase of farming equipment to reflect r...
The Washington Department of Revenue has updated its excise tax rule on the application of sales and use tax and business and occupation (B&O) tax to the purchase of farming equipment to reflect r...
WV - Wage threshold for tourism development credit announced
West Virginia announced the annual minimum median wage threshold for the tourism development credit that eligible taxpayers can claim against corporate and personal income tax liability. The minimum m...
West Virginia announced the annual minimum median wage threshold for the tourism development credit that eligible taxpayers can claim against corporate and personal income tax liability. The minimum m...
WI - Wage statements and information returns guidance updated
Wisconsin released a new version of Publication 172- Annual W-2, 1099-R, 1099-MISC, 1099-NEC, 1099-K, and W-2G Electronic Reporting. This publication contains the specifications and instructions for r...
Wisconsin released a new version of Publication 172- Annual W-2, 1099-R, 1099-MISC, 1099-NEC, 1099-K, and W-2G Electronic Reporting. This publication contains the specifications and instructions for r...
WY - SST taxability matrix and certificate of compliance updated
Wyoming updated its Streamlined Sales and Use Tax (SST) Agreement taxability matrix and certificate of compliance. The changes are effective August 1, 2024. Taxability Matrix: Tax Administration Pract...
Wyoming updated its Streamlined Sales and Use Tax (SST) Agreement taxability matrix and certificate of compliance. The changes are effective August 1, 2024. Taxability Matrix: Tax Administration Pract...
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