Tax Alerts
Tax Briefing(s)
2025 Tax Year-in-Review2025 Year-End Tax PlanningOne Big Beautiful Bill Act (Signed Into Law July 4, 2025)
IRS-CI Annual Report Highlights Significant Increase in Financial Crime Detection for FY25 (IR 2025-120)
IRS Criminal Investigation released its Fiscal Year 2025 Annual Report highlighting significant gains in identifying global financial crime. The agency reported a substantial increase in investigative...
IRS Criminal Investigation released its Fiscal Year 2025 Annual Report highlighting significant gains in identifying global financial crime. The agency reported a substantial increase in investigative...
IRS Seeks Public Comment on Proposed Voluntary Disclosure Practice Updates (IR 2025-124)
The IRS opened a 90-day public comment period to seek input on proposed updates to its Voluntary Disclosure Practice intended to simplify compliance requirements and standardize penalties. The proposa...
The IRS opened a 90-day public comment period to seek input on proposed updates to its Voluntary Disclosure Practice intended to simplify compliance requirements and standardize penalties. The proposa...
Information Letters Released by IRS (INFO 2025-0006—2025-0008)
IRS information letters have been released by the IRS National Office in response to a request for general information by taxpayers or by government officials on behalf of constituents or on their own...
IRS information letters have been released by the IRS National Office in response to a request for general information by taxpayers or by government officials on behalf of constituents or on their own...
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...
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...
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...
AL - Updated chart shows local participation in 2026 back-to-school tax holiday
The chart listing the counties and municipalities that will participate in Alabama’s back-to-school sales tax holiday has been updated. The holiday is being held from July 17 through July 19, 2026.L...
The chart listing the counties and municipalities that will participate in Alabama’s back-to-school sales tax holiday has been updated. The holiday is being held from July 17 through July 19, 2026.L...
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 - Governor pushes for tax cuts and eliminating an exemption
Arizona Governor Katie Hobbs’ State of the State Address conveyed her support for a range of tax-related measures. Key initiatives include the Middle Class Tax Cuts Package, which includes standard ...
Arizona Governor Katie Hobbs’ State of the State Address conveyed her support for a range of tax-related measures. Key initiatives include the Middle Class Tax Cuts Package, which includes standard ...
AR - Federal funding does not make medical clinic equipment exempt
The Arkansas Attorney General's office has opined that a medical clinic does not qualify for exemption from business personal property taxes because property was purchased using federal grant funds. H...
The Arkansas Attorney General's office has opined that a medical clinic does not qualify for exemption from business personal property taxes because property was purchased using federal grant funds. H...
CA - Governor proposes renewed tax credits
In his State of the State address, California Gov. Gavin Newsom proposed renewing the state's CalCompetes Tax Credit program for five more years, continuing incentives for businesses that commit to hi...
In his State of the State address, California Gov. Gavin Newsom proposed renewing the state's CalCompetes Tax Credit program for five more years, continuing incentives for businesses that commit to hi...
CO - Changes to tax rates effective from January 1, 2026
The Colorado Department of Revenue announced changes to sales and use tax rates for various jurisdictions, effective January 1, 2026.State Tax ChangesThe state sales and use tax rate remains at 2.9% w...
The Colorado Department of Revenue announced changes to sales and use tax rates for various jurisdictions, effective January 1, 2026.State Tax ChangesThe state sales and use tax rate remains at 2.9% w...
CT - 2026 guidance issued on withholding requirements
Updated guidance is issued, effective for calendar year 2026, regarding Connecticut personal income tax withholding requirements for individuals. The Connecticut Department of Revenue Services advises...
Updated guidance is issued, effective for calendar year 2026, regarding Connecticut personal income tax withholding requirements for individuals. The Connecticut Department of Revenue Services advises...
DE - Guidance issued on OBBBA decoupling
Delaware issued guidance on corporate and personal income tax changes decoupling from parts of the federal One Big Beautiful Bill Act (OBBBA). For businesses taxed as corporations, the state decoupled...
Delaware issued guidance on corporate and personal income tax changes decoupling from parts of the federal One Big Beautiful Bill Act (OBBBA). For businesses taxed as corporations, the state decoupled...
DC - District continues to decouple from federal provisions
The District of Columbia has passed temporary legislation to decouple income and franchise tax provisions from federal provisions. The temporary act is the same as emergency legislation passed earlier...
The District of Columbia has passed temporary legislation to decouple income and franchise tax provisions from federal provisions. The temporary act is the same as emergency legislation passed earlier...
FL - 2026 governmental leasehold intangible tax valuation factor table issued
For purposes of calculating the 2026 intangible personal property tax on governmental leaseholds, Florida has issued a valuation factor table. In Florida, all governmental leasehold estates or related...
For purposes of calculating the 2026 intangible personal property tax on governmental leaseholds, Florida has issued a valuation factor table. In Florida, all governmental leasehold estates or related...
GA - Employer withholding guide updated for 2026
Georgia issued a revised guide for employer withholding tax requirements for tax year 2026. It confirms the state income tax rate remains at a flat rate of 5.19%, which employers must withhold. The gu...
Georgia issued a revised guide for employer withholding tax requirements for tax year 2026. It confirms the state income tax rate remains at a flat rate of 5.19%, which employers must withhold. The gu...
HI - 2025 tax tables released
The 2025 tax tables that must be used to determine Hawaii individual income tax for persons with taxable income of less than $100,000 have been released. 2025 Tax Tables, Hawaii Department of Taxatio...
The 2025 tax tables that must be used to determine Hawaii individual income tax for persons with taxable income of less than $100,000 have been released. 2025 Tax Tables, Hawaii Department of Taxatio...
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 - Guidance updated on W-2 and 1099 filing and storage requirements
Illinois updated guidance on W-2 and 1099 filing and storage requirements, including electronic filing requirements, for employers and other taxpayers subject to income tax withholding. The publicatio...
Illinois updated guidance on W-2 and 1099 filing and storage requirements, including electronic filing requirements, for employers and other taxpayers subject to income tax withholding. The publicatio...
IN - Revised guidance issued on public school corporation purchases and sales
Revised guidance is issued regarding the applicability of Indiana sales and use tax to public school corporation purchases and sales. The bulletin provides guidelines and instructions to be followed b...
Revised guidance is issued regarding the applicability of Indiana sales and use tax to public school corporation purchases and sales. The bulletin provides guidelines and instructions to be followed b...
IA - Guidance for impact on employee withholding tax released
The Iowa Department of Revenue has released updated guidance on the One Big Beautiful Bill Act (P.L. 119-21) impact on employee withholding tax. The Act allows for no tax on tips, no tax on overtime, ...
The Iowa Department of Revenue has released updated guidance on the One Big Beautiful Bill Act (P.L. 119-21) impact on employee withholding tax. The Act allows for no tax on tips, no tax on overtime, ...
KS - Local transient guest tax rate changes announced
Kansas announced local transient guest tax rate changes for the third quarter of 2025. Effective beginning January 1, 2026, the transient guest tax rate is:8% in the City of Lawrence; and9% in the cit...
Kansas announced local transient guest tax rate changes for the third quarter of 2025. Effective beginning January 1, 2026, the transient guest tax rate is:8% in the City of Lawrence; and9% in the cit...
KY - Rent-to-own household goods not exempt
Rent-to-own household goods were not exempt from property taxation under the Kentucky Constitution because the customers did not own the goods. The household goods exemption in the constitution requir...
Rent-to-own household goods were not exempt from property taxation under the Kentucky Constitution because the customers did not own the goods. The household goods exemption in the constitution requir...
LA - Motion picture production tax credit emergency rules extended
The Louisiana Office of Economic Development has extended emergency rules for the motion picture production tax credit against corporate and personal income taxes. The emergency rules, originally effe...
The Louisiana Office of Economic Development has extended emergency rules for the motion picture production tax credit against corporate and personal income taxes. The emergency rules, originally effe...
ME - Bulletin on sales and use for vehicle dealers updated
The Maine Revenue Services has issued an instructional bulletin for vehicle dealers, providing them instructions related to sales and leases of motor vehicles, snowmobiles, all-terrain vehicles (ATVs)...
The Maine Revenue Services has issued an instructional bulletin for vehicle dealers, providing them instructions related to sales and leases of motor vehicles, snowmobiles, all-terrain vehicles (ATVs)...
MD - Legislative changes to rates, deductions summarized
The Maryland Comptroller has issued a Tax Alert summarizing personal income tax rate and standard deduction amount changes made during the 2025 legislative session.Beginning after 2025, the maximum lo...
The Maryland Comptroller has issued a Tax Alert summarizing personal income tax rate and standard deduction amount changes made during the 2025 legislative session.Beginning after 2025, the maximum lo...
MA - Tax exemption announced for live-in personal care attendants
Massachusetss Gov. Maura Healey announced that Personal Care Attendants (PCAs) in Massachusetts will now be exempt from both state and federal income taxes on earnings for providing care to MassHealth...
Massachusetss Gov. Maura Healey announced that Personal Care Attendants (PCAs) in Massachusetts will now be exempt from both state and federal income taxes on earnings for providing care to MassHealth...
MI - Guidance on deduction for qualified overtime compensation and tips issued
The Michigan Department of Treasury has provided guidance on the new state level income tax deductions enacted by Public Act 24. For tax years 2026 through 2028, taxpayers may deduct qualified tips (d...
The Michigan Department of Treasury has provided guidance on the new state level income tax deductions enacted by Public Act 24. For tax years 2026 through 2028, taxpayers may deduct qualified tips (d...
MN - Guidance for taxpayers with disabilities updated
Minnesota has updated its guidance on the income tax credits, deductions, and programs available to individuals with disabilities. The guidance discusses the subtraction for taxpayers that are 65 or o...
Minnesota has updated its guidance on the income tax credits, deductions, and programs available to individuals with disabilities. The guidance discusses the subtraction for taxpayers that are 65 or o...
MS - Updated fair market values for cannabis excise tax
Effective January 1, 2026, the fair market value of cannabis flower and trim is as follows for purposes of the Mississippi cannabis excise tax: (1) cannabis flower sold to common interest establishmen...
Effective January 1, 2026, the fair market value of cannabis flower and trim is as follows for purposes of the Mississippi cannabis excise tax: (1) cannabis flower sold to common interest establishmen...
MO - Various rules amended
The Missouri Department of Revenue amended the following rules as indicated:12 CSR 10-2.140, Partnership Filing Requirements – simplifies the language to no longer incorporate by reference any mater...
The Missouri Department of Revenue amended the following rules as indicated:12 CSR 10-2.140, Partnership Filing Requirements – simplifies the language to no longer incorporate by reference any mater...
MT - Personal property reporting form due date changed
The Montana Department of Revenue has changed the personal property reporting form due date from March 1 to February 15. The Department acknowledged that some taxpayers may view the shortened reportin...
The Montana Department of Revenue has changed the personal property reporting form due date from March 1 to February 15. The Department acknowledged that some taxpayers may view the shortened reportin...
NE - Refund rates announced
The Nebraska Department of Revenue has issued rates used in claiming refunds of fuel tax used by an exempt entity or for a qualified nontaxable use. For fuel purchased from January 1, 2026 through Jun...
The Nebraska Department of Revenue has issued rates used in claiming refunds of fuel tax used by an exempt entity or for a qualified nontaxable use. For fuel purchased from January 1, 2026 through Jun...
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 - Amnesty application steps outlined
New Hampshire has outlined steps that taxpayers must take to apply for the tax amnesty authorized by the New Hampshire Legislature during the 2025 session.Amnesty runs from December 1, 2025, through F...
New Hampshire has outlined steps that taxpayers must take to apply for the tax amnesty authorized by the New Hampshire Legislature during the 2025 session.Amnesty runs from December 1, 2025, through F...
NJ - Penny rounding guidance issued
New Jersey issued sales and use tax guidance for businesses engaging in cash transaction rounding due to the cessation of penny production.Businesses may round cash payments up or down to the nearest ...
New Jersey issued sales and use tax guidance for businesses engaging in cash transaction rounding due to the cessation of penny production.Businesses may round cash payments up or down to the nearest ...
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 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 2025. 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 2025. The handbooks list new form...
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 - No local rate changes for second quarter
North Dakota announced that there are no local sales tax rate changes for April 1, 2026. City and County Local Tax Rate Changes, North Dakota Office of State Tax Commissioner, January 2026...
North Dakota announced that there are no local sales tax rate changes for April 1, 2026. City and County Local Tax Rate Changes, North Dakota Office of State Tax Commissioner, January 2026...
OH - Timely filing discount discussed
Ohio has issued a information release discussing sales and use tax changes to the timely filing discount. Previously, if a vendor filed a return and paid the amount due on or before the date the retur...
Ohio has issued a information release discussing sales and use tax changes to the timely filing discount. Previously, if a vendor filed a return and paid the amount due on or before the date the retur...
OK - Oklahoma County sets household income limit for senior assessment freeze program
The household income limit to qualify for the senior assessment freeze for 2026 is $99,000 for eligible Oklahoma County residents. Applicants must file by March 15, 2026 unless they are already enroll...
The household income limit to qualify for the senior assessment freeze for 2026 is $99,000 for eligible Oklahoma County residents. Applicants must file by March 15, 2026 unless they are already enroll...
OR - Motor fuel, per-mile user charge, and payroll tax changes frozen
The transportation funding package revenue changes enacted at the end of 2025 are frozen following a referral to the November ballot with the recent certification by the Secretary of State of signatur...
The transportation funding package revenue changes enacted at the end of 2025 are frozen following a referral to the November ballot with the recent certification by the Secretary of State of signatur...
PA - Challenge to NLC deduction cap denied
In a decision regarding the prior net loss carryover (NLC) deduction, the Pennsylvania Commonwealth Court held the Pennsylvania Supreme Court in Alcatel III definitively decided the issue of retroac...
In a decision regarding the prior net loss carryover (NLC) deduction, the Pennsylvania Commonwealth Court held the Pennsylvania Supreme Court in Alcatel III definitively decided the issue of retroac...
RI - Division issues notice alerting of decoupling regulations
Rhode Island Division of Taxation alerts taxpayers that emergency regulations went into effect December 15, 2025, providing business corporation and personal income tax guidance for the 2025 tax year ...
Rhode Island Division of Taxation alerts taxpayers that emergency regulations went into effect December 15, 2025, providing business corporation and personal income tax guidance for the 2025 tax year ...
SC - IRC conformity discussed
Currently, South Carolina has conformed with the Internal Revenue Code as amended through December 31, 2024. Because the federal One Big Beautiful Bill Act (OBBBA) was passed after South Carolina's 20...
Currently, South Carolina has conformed with the Internal Revenue Code as amended through December 31, 2024. Because the federal One Big Beautiful Bill Act (OBBBA) was passed after South Carolina's 20...
SD - Updated municipal tax rate chart released
South Dakota has released the updated chart for municipal tax rates effective January 1, 2026, through June 30, 2026. The updated chart can be viewed here. Municipal/Special Jurisdiction Tax Rate Ch...
South Dakota has released the updated chart for municipal tax rates effective January 1, 2026, through June 30, 2026. The updated chart can be viewed here. Municipal/Special Jurisdiction Tax Rate Ch...
TN - Various tax manuals updated
Tennessee released updated versions of a number of its tax manuals, including those outlined below.Business tax. The business tax manual was updated to specify that vapor products fall under Classi...
Tennessee released updated versions of a number of its tax manuals, including those outlined below.Business tax. The business tax manual was updated to specify that vapor products fall under Classi...
TX - Guidance on taxable services updated
The Texas Comptroller updated its publication on taxable services. The publication describes the types of taxable services such as amusement services, data processing services, and telecommunications ...
The Texas Comptroller updated its publication on taxable services. The publication describes the types of taxable services such as amusement services, data processing services, and telecommunications ...
UT - Governor’s budget proposal includes expanding the child tax credit
Utah Gov. Spencer J. Cox released his Fiscal Year 2027 budget proposal that includes:expanding the state child tax credit to provide an additional average benefit of $200 to families with children age...
Utah Gov. Spencer J. Cox released his Fiscal Year 2027 budget proposal that includes:expanding the state child tax credit to provide an additional average benefit of $200 to families with children age...
VT - 2026 withholding tables released
Vermont has released its 2026 income tax withholding instructions, tables, and charts. Among other topics, the instructions discuss how Vermont income tax withholding is calculated, adjustments for se...
Vermont has released its 2026 income tax withholding instructions, tables, and charts. Among other topics, the instructions discuss how Vermont income tax withholding is calculated, adjustments for se...
VA - Interest rates unchanged for first quarter of 2026
The Virginia interest rates for the first quarter of 2026 remain at 9% for tax underpayments (assessments) and 9% for tax overpayments (refunds).Taxpayers whose taxable year ends on September 30, 2025...
The Virginia interest rates for the first quarter of 2026 remain at 9% for tax underpayments (assessments) and 9% for tax overpayments (refunds).Taxpayers whose taxable year ends on September 30, 2025...
WA - Excise tax return due dates released
The Washington Department of Revenue has released the excise tax return due dates for 2026, including the dates at which different penalty levels are imposed. 2026 Excise tax return due dates, Washin...
The Washington Department of Revenue has released the excise tax return due dates for 2026, including the dates at which different penalty levels are imposed. 2026 Excise tax return due dates, Washin...
WV - Average nonfarm payroll wage announced for EOTC
West Virginia announced the annual average nonfarm payroll wage threshold for determining the amount of the Economic Opportunity Tax Credit (EOTC). Eligible taxpayers can claim the EOTC against West V...
West Virginia announced the annual average nonfarm payroll wage threshold for determining the amount of the Economic Opportunity Tax Credit (EOTC). Eligible taxpayers can claim the EOTC against West V...
WI - Questions remain regarding possible arm's-length relationship
The taxpayer appealed a Wisconsin Department of Revenue finding that funds transferred from the sole shareholders to a business were non-deductible returns of capital contributions. The taxpayer argue...
The taxpayer appealed a Wisconsin Department of Revenue finding that funds transferred from the sole shareholders to a business were non-deductible returns of capital contributions. The taxpayer argue...
WY - Tax guidance updated for federal facility deliveries, nicotine pouches
In its quarterly newsletter, the Wyoming Department of Revenue noted that it has changed its position regarding the taxability of tangible personal property delivered to federal facilities. It will no...
In its quarterly newsletter, the Wyoming Department of Revenue noted that it has changed its position regarding the taxability of tangible personal property delivered to federal facilities. It will no...
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