Tax Alerts
Tax Briefing(s)
One Big Beautiful Bill Act (Signed Into Law July 4, 2025)2025 Post-Filing Season Update2024 Post-Election Tax Policy Update
IRS Warns Tax Professionals of Rising Phishing Threats, Urges Vigilance (IR-2025-75)
The IRS has issued a warning to tax professionals regarding a rise in phishing emails and cyber threats aimed at stealing sensitive taxpayer data. This alert has been released as part of the second in...
The IRS has issued a warning to tax professionals regarding a rise in phishing emails and cyber threats aimed at stealing sensitive taxpayer data. This alert has been released as part of the second in...
IRS, Security Summit Starts Summer Series To Fight Tax-Related Identity Theft Threats (IR-2025-73)
The IRS and Security Summit partners launched the summer Protect Your Clients; Protect Yourself campaign on July 1, alongside the Nationwide Tax Forum. The five-week campaign provides biweekly ti...
The IRS and Security Summit partners launched the summer Protect Your Clients; Protect Yourself campaign on July 1, alongside the Nationwide Tax Forum. The five-week campaign provides biweekly ti...
IRS Issues Tips to Help Individuals Identify Scams
The IRS has issued updated guidance to help individuals recognize legitimate communication from the agency and avoid falling victim to scams. As reports of fraud through emails, texts, social media an...
The IRS has issued updated guidance to help individuals recognize legitimate communication from the agency and avoid falling victim to scams. As reports of fraud through emails, texts, social media an...
IRS Provides Indexing Adjustments for Applicable Dollar Amounts (Rev. Proc. 2025-26)
The IRS has issued indexing adjustments for the applicable dollar amounts under Code Sec. 4980H(c)(1) and (b)(1), which are used to determine the employer shared responsibility payments (ESRP). Thi...
The IRS has issued indexing adjustments for the applicable dollar amounts under Code Sec. 4980H(c)(1) and (b)(1), which are used to determine the employer shared responsibility payments (ESRP). Thi...
AL - Town of Blountsville increases general sales and use tax rate
Effective August 1, 2025, the town of Blountsville increases its sales and use tax rate on general items from 2% to 4%. All other local sales and use tax rates in the town of Blountsville remain uncha...
Effective August 1, 2025, the town of Blountsville increases its sales and use tax rate on general items from 2% to 4%. All other local sales and use tax rates in the town of Blountsville remain uncha...
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 - Misconceptions about the legality of taxes addressed
Arizona issued guidance to address misconceptions and false claims about personal income taxes. The ruling confirms that filing tax returns and paying taxes are mandatory and not voluntary under Arizo...
Arizona issued guidance to address misconceptions and false claims about personal income taxes. The ruling confirms that filing tax returns and paying taxes are mandatory and not voluntary under Arizo...
AR - Motor fuel tax rates remain unchanged
The Arkansas motor fuel tax rates remain $.247 per gallon for gasoline and $.285 per gallon for clear diesel fuel for the period of October 1, 2025 through September 30, 2026. News Release, Arkansas ...
The Arkansas motor fuel tax rates remain $.247 per gallon for gasoline and $.285 per gallon for clear diesel fuel for the period of October 1, 2025 through September 30, 2026. News Release, Arkansas ...
CA - Guidance provided for IRC sec. 355 transactions when DISA balance is attributable to distributed stock
The California Franchise Tax Board has issued guidance on how a Deferred Intercompany Stock Account (DISA) balance affects basis and income recognition when stock is distributed to shareholders in a n...
The California Franchise Tax Board has issued guidance on how a Deferred Intercompany Stock Account (DISA) balance affects basis and income recognition when stock is distributed to shareholders in a n...
CO - Electric bicycle credit guidance updated
The Colorado Department of Revenue updated its electric bicycle credit guidance to add additional information relating to registration, new qualified electric bicycles, report due dates, reporting ret...
The Colorado Department of Revenue updated its electric bicycle credit guidance to add additional information relating to registration, new qualified electric bicycles, report due dates, reporting ret...
CT - Changes in economic development-related statutes enacted
Legislation is enacted that makes changes in economic development-related statutes:effective July 1, 2025, and applicable to income and taxable years commencing on or after January 1, 2025, allows a s...
Legislation is enacted that makes changes in economic development-related statutes:effective July 1, 2025, and applicable to income and taxable years commencing on or after January 1, 2025, allows a s...
DE - Budget proposes rate cuts, new brackets, tobacco tax increase
Delaware Gov. Matt Meyer released his budget for fiscal year 2026 that includes proposals to cut personal income taxes and create 3 new tax brackets. The budget also includes a proposal to increase th...
Delaware Gov. Matt Meyer released his budget for fiscal year 2026 that includes proposals to cut personal income taxes and create 3 new tax brackets. The budget also includes a proposal to increase th...
DC - Mayor unveils economic growth agenda
The District of Columbia Mayor has presented an economic growth agenda for 2026 that proposes:no sales tax increase in FY26;reducing the Universal Paid Leave tax from 0.75% to 0.72%; andcreate a sales...
The District of Columbia Mayor has presented an economic growth agenda for 2026 that proposes:no sales tax increase in FY26;reducing the Universal Paid Leave tax from 0.75% to 0.72%; andcreate a sales...
FL - Guidance provided on repeal of tax on commercial rentals
Legislation enacted this year and made effective October 1, 2025, repeals the Florida sales tax imposed on rent or license fees for the use of real property (commercial rentals).Sales Tax on Commercia...
Legislation enacted this year and made effective October 1, 2025, repeals the Florida sales tax imposed on rent or license fees for the use of real property (commercial rentals).Sales Tax on Commercia...
GA - Regulation on state hotel-motel fee updated
Georgia amended the regulation regarding the state hotel-motel fee including several substantive changes. One of the most notable updates is the broadened definition of "Accommodation," which now ex...
Georgia amended the regulation regarding the state hotel-motel fee including several substantive changes. One of the most notable updates is the broadened definition of "Accommodation," which now ex...
HI - Electronic filing mandate announced for employers filing 10 or more forms W-2 and HW-2
Starting January 1, 2026, employers filing 10 or more Forms W-2 and/or HW-2 with the state in a calendar year must electronically file those forms, regardless of their annual Hawaii withholding tax li...
Starting January 1, 2026, employers filing 10 or more Forms W-2 and/or HW-2 with the state in a calendar year must electronically file those forms, regardless of their annual Hawaii withholding tax li...
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 - IRA distributions qualify for subtraction modification
Illinois issued a general information letter discussing the taxation of estate and trust distributions from individual retirement accounts (IRAs). Estates and trusts can claim an Illinois subtraction ...
Illinois issued a general information letter discussing the taxation of estate and trust distributions from individual retirement accounts (IRAs). Estates and trusts can claim an Illinois subtraction ...
IN - Guidance issued on expansion of physician practice ownership tax credit
Guidance is issued regarding the expansion of the physician practice ownership tax credit.When the credit was initially enacted in 2024, it was available only for a primary care physician who acquired...
Guidance is issued regarding the expansion of the physician practice ownership tax credit.When the credit was initially enacted in 2024, it was available only for a primary care physician who acquired...
IA - Rule related to Iowa tax return preparers adopted
The Iowa Department of Revenue adopted a new rule related to continuing education obligations and other requirements Iowa tax return preparers must maintain. The rule also discusses the penalties impo...
The Iowa Department of Revenue adopted a new rule related to continuing education obligations and other requirements Iowa tax return preparers must maintain. The rule also discusses the penalties impo...
KS - October 2025 quarterly local rate updates
Kansas posted local sales and use rate updates for community improvement and other special districts, including:Goddard Tanganyika Wildlife Park;Hays Cervs;Lenexa Midas Dual Hotel;Merriam North;Olathe...
Kansas posted local sales and use rate updates for community improvement and other special districts, including:Goddard Tanganyika Wildlife Park;Hays Cervs;Lenexa Midas Dual Hotel;Merriam North;Olathe...
KY - Tax rate reduction announced
Kentucky reduced its state real property tax rate for 2025 to 10.6 cents for each $100 of assessed value. State law requires a reduction in the rate if an increase in assessed value exceeds the previo...
Kentucky reduced its state real property tax rate for 2025 to 10.6 cents for each $100 of assessed value. State law requires a reduction in the rate if an increase in assessed value exceeds the previo...
LA - Department issues updated guidance on firearm safety device credit
The Louisiana Department of Revenue has Issued updated guidance regarding the personal income tax credit for the purchase of firearm safety devices.Prior to 2023, the purchase of such devices had to b...
The Louisiana Department of Revenue has Issued updated guidance regarding the personal income tax credit for the purchase of firearm safety devices.Prior to 2023, the purchase of such devices had to b...
ME - Rural historic properties rehabilitation credit increased for certain expenditures
In 2025, the Maine corporate income tax credit for rehabilitation of historic properties located in rural areas is increased to 35% of certified qualified rehabilitation expenditures, as long as not l...
In 2025, the Maine corporate income tax credit for rehabilitation of historic properties located in rural areas is increased to 35% of certified qualified rehabilitation expenditures, as long as not l...
MD - Guidance on MPU certificates issued
The Maryland Comptroller has issued a sales and use tax techical bulletin explaining the purpose, procedure for requesting, and use of multiple points of use certificates. Technical Bulletin No. 54, ...
The Maryland Comptroller has issued a sales and use tax techical bulletin explaining the purpose, procedure for requesting, and use of multiple points of use certificates. Technical Bulletin No. 54, ...
MA - Payment and notice timelines adjusted
Massachusetts enacted two timeline changes in its amendments to existing statutes. For motor vehicle excise tax procedures, the previous 14-day window for payment following issuance of a tax notice is...
Massachusetts enacted two timeline changes in its amendments to existing statutes. For motor vehicle excise tax procedures, the previous 14-day window for payment following issuance of a tax notice is...
MI - Prepaid fuel tax rates announced
The Michigan prepaid sales tax rate for the period of September 1, 2025 to September 30, 2025 remains 16.4 cents per gallon for gasoline. For diesel fuel, the rate increases to 19.3 cents per gallon.Â...
The Michigan prepaid sales tax rate for the period of September 1, 2025 to September 30, 2025 remains 16.4 cents per gallon for gasoline. For diesel fuel, the rate increases to 19.3 cents per gallon.Â...
MN - Lake vermilion area imposes new lodging tax
Starting October 1, 2025, the Lake Vermilion Area is imposing a new 3% lodging tax. The Minnesota Department of Revenue will administer the tax. Notice, Minnesota Department of Revenue, July 18, 2025...
Starting October 1, 2025, the Lake Vermilion Area is imposing a new 3% lodging tax. The Minnesota Department of Revenue will administer the tax. Notice, Minnesota Department of Revenue, July 18, 2025...
MS - Guidance on purchases by farmers
Mississippi issued guidance on sales and use tax rates for farmers purchasing agricultural equipment and supplies. Qualified farmers may access a reduced tax rate of 1.5% for farm tractors, farm imple...
Mississippi issued guidance on sales and use tax rates for farmers purchasing agricultural equipment and supplies. Qualified farmers may access a reduced tax rate of 1.5% for farm tractors, farm imple...
MO - SALT parity act implementation rule amended
The Missouri Department of Revenue amended the SALT Parity Act Implementation rule. Among other changes, the amendment updates the rule to reflect previously enacted legislation that amended Sec. 143....
The Missouri Department of Revenue amended the SALT Parity Act Implementation rule. Among other changes, the amendment updates the rule to reflect previously enacted legislation that amended Sec. 143....
MT - Governor sends reminder about property tax relief
Montana Gov. Greg Gianforte reminded Montana homeowners about new tax rates and property tax rebates. Between August 15 and October 1, 2025, eligible Montana homeowners may claim a property tax rebate...
Montana Gov. Greg Gianforte reminded Montana homeowners about new tax rates and property tax rebates. Between August 15 and October 1, 2025, eligible Montana homeowners may claim a property tax rebate...
NE - Guidance on housing agency exemption provided
The Nebraska Department of Revenue has provided guidance on the property tax exemption for housing agencies with controlled affiliates. The real and personal property of an agency with controlled affi...
The Nebraska Department of Revenue has provided guidance on the property tax exemption for housing agencies with controlled affiliates. The real and personal property of an agency with controlled affi...
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...
NH - Parsonage tax exemptions expanded
New Hampshire has expanded property tax exemptions for religious use to include church parsonages that are rented or vacant. Previously, exemptions applied only to parsonages occupied by pastors. Ch. ...
New Hampshire has expanded property tax exemptions for religious use to include church parsonages that are rented or vacant. Previously, exemptions applied only to parsonages occupied by pastors. Ch. ...
NJ - Nonresident partner tax calculation discussed
New Jersey has issued guidance regarding nonresident partner's share of tax calculation for 2024. New Jersey reminds taxpayers that the tax is now based on the total of the nonresident partner’s sha...
New Jersey has issued guidance regarding nonresident partner's share of tax calculation for 2024. New Jersey reminds taxpayers that the tax is now based on the total of the nonresident partner’s sha...
NM - Flood extension for lincoln, doña ana counties granted
Taxpayers in flood-affected Lincoln and Doña Ana counties are granted an extension in filing business tax returns due July 25 and August 25, now extended to October 27 in the region. Penalty relief a...
Taxpayers in flood-affected Lincoln and Doña Ana counties are granted an extension in filing business tax returns due July 25 and August 25, now extended to October 27 in the region. Penalty relief a...
NY - Authorization for Suffolk County to impose additional local tax extended
Authorization for Suffolk County to impose an additional local New York sales and use tax at the rate of 1% is extended until November 30, 2027. Previously, the authorization was scheduled to expire o...
Authorization for Suffolk County to impose an additional local New York sales and use tax at the rate of 1% is extended until November 30, 2027. Previously, the authorization was scheduled to expire o...
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 October 1, 2025: (1) the city of Casselton will increase its maximum tax to $50 per sale; (2) the city of Colfax will...
North Dakota has announced the following local sales and use tax changes effective October 1, 2025: (1) the city of Casselton will increase its maximum tax to $50 per sale; (2) the city of Colfax will...
OH - Brown County decreases tax rate
Ohio has announced a change in the sales and use tax rate for Brown County that will be effective October 1, 2025. The rate will decrease from the current 7.25% to 7.0%. Tax Rates and Changes, Ohio D...
Ohio has announced a change in the sales and use tax rate for Brown County that will be effective October 1, 2025. The rate will decrease from the current 7.25% to 7.0%. Tax Rates and Changes, Ohio D...
OK - Regulations relating to parental choice tax credit created, other regulations amended
The Oklahoma Tax Commission has authorized regulations relating to the Parental Choice Tax Credit program and amended others related to various tax credit programs. Other regulations have been amended...
The Oklahoma Tax Commission has authorized regulations relating to the Parental Choice Tax Credit program and amended others related to various tax credit programs. Other regulations have been amended...
OR - Employer tax credit enacted
Oregon has enacted a nonrefundable tax credit against an employers' unemployment insurance payroll taxes. The credit is available to employers whose 2025 tax rate at least 2.5 percentage point less th...
Oregon has enacted a nonrefundable tax credit against an employers' unemployment insurance payroll taxes. The credit is available to employers whose 2025 tax rate at least 2.5 percentage point less th...
PA - Philadelphia clarifies BIRT transition for small businesses
Philadelphia has clarified its Business Income and Receipts Tax policy following the elimination of a $100,000 exemption beginning in 2025. Businesses newly subject to the tax are treated as "new busi...
Philadelphia has clarified its Business Income and Receipts Tax policy following the elimination of a $100,000 exemption beginning in 2025. Businesses newly subject to the tax are treated as "new busi...
RI - Motor fuel tax increase because of budget
Effective July 1, 2025, the tax rate on gasoline, diesel, and other motor fuels increased to 40 cents per gallon.Although the tax was scheduled to increase to 38 cents per gallon effective July 1, the...
Effective July 1, 2025, the tax rate on gasoline, diesel, and other motor fuels increased to 40 cents per gallon.Although the tax was scheduled to increase to 38 cents per gallon effective July 1, the...
SC - Guidance issued on new jobs credit
South Carolina has issued a revenue ruling intended to address common questions about the new jobs credit, which can be claimed against the corporate income, individual income, bank, and insurance pre...
South Carolina has issued a revenue ruling intended to address common questions about the new jobs credit, which can be claimed against the corporate income, individual income, bank, and insurance pre...
SD - Gross receipts definitions and tax rules updated
South Dakota updated its guidance on sales and use tax, emphasizing taxable gross receipts, which include bundled transactions, delivery and handling charges, discounts, and payments from third partie...
South Dakota updated its guidance on sales and use tax, emphasizing taxable gross receipts, which include bundled transactions, delivery and handling charges, discounts, and payments from third partie...
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 September 1, 2025: Decatur; Lawrence; Lincoln; Overton; Rutherford; and Wayne...
Tennessee announced that the following counties will increase their mineral severance taxes to 20 cents per ton, effective September 1, 2025: Decatur; Lawrence; Lincoln; Overton; Rutherford; and Wayne...
TX - Telehealth services
The Texas Comptroller issued a private letter ruling stating that a taxpayer’s telehealth services are not subject to sales and use tax. The telehealth services are provided in a bundle that include...
The Texas Comptroller issued a private letter ruling stating that a taxpayer’s telehealth services are not subject to sales and use tax. The telehealth services are provided in a bundle that include...
UT - Multiple locations impose municipal telecommunications license tax
Beginning October 1, 2025, the 24 locations listed in the Utah Tax Bulletin each impose the municipal telecommunications license tax at the rate of 3.5%. Tax Bulletin No. 12-25, Utah State Tax Commis...
Beginning October 1, 2025, the 24 locations listed in the Utah Tax Bulletin each impose the municipal telecommunications license tax at the rate of 3.5%. Tax Bulletin No. 12-25, Utah State Tax Commis...
VT - MFTIA and MFTA rates announced for third quarter of 2025
The Vermont motor fuel transportation infrastructure assessment (MFTIA) rate for the third quarter of 2025 (July to September 2025) is $0.0489, and the motor fuel tax assessment (MFTA) rate is $0.1340...
The Vermont motor fuel transportation infrastructure assessment (MFTIA) rate for the third quarter of 2025 (July to September 2025) is $0.0489, and the motor fuel tax assessment (MFTA) rate is $0.1340...
VA - Reminder issued on upcoming sales tax holiday
The Virginia Department of Taxation issued a reminder about the sales tax holiday being held from August 1 through August 3, 2025. During the holiday period, consumers can buy the following qualifying...
The Virginia Department of Taxation issued a reminder about the sales tax holiday being held from August 1 through August 3, 2025. During the holiday period, consumers can buy the following qualifying...
WA - Taxability of temporary staffing services explained
Beginning October 1, 2025, temporary staffing services are subject to Washington retail sales tax and retailing business and occupation (B&O) tax. The taxability of these services is no longer dep...
Beginning October 1, 2025, temporary staffing services are subject to Washington retail sales tax and retailing business and occupation (B&O) tax. The taxability of these services is no longer dep...
WV - Clay, Franklin, Saint Marys, and Winfield impose local tax in 2026
Effective January 1, 2026, a 1% sales and use tax will apply to purchases made of taxable goods, custom software, and services provided within the municipal boundaries of:Clay;Franklin;Saint Marys; an...
Effective January 1, 2026, a 1% sales and use tax will apply to purchases made of taxable goods, custom software, and services provided within the municipal boundaries of:Clay;Franklin;Saint Marys; an...
WI - Day trading not trade or business
In this case, the taxpayers claimed they operated a day trading business and that they should be allowed to deduct the expenses and losses of the trading business from their taxable income. The Wiscon...
In this case, the taxpayers claimed they operated a day trading business and that they should be allowed to deduct the expenses and losses of the trading business from their taxable income. The Wiscon...
WY - Local tax rate changes announced
Wyoming has issued a revised overview of changes in local tax rates effective July 1, 2025, for sales, use, and lodging taxes across various localities. The only change from the chart issued April 1, ...
Wyoming has issued a revised overview of changes in local tax rates effective July 1, 2025, for sales, use, and lodging taxes across various localities. The only change from the chart issued April 1, ...
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