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Tax Alerts
Tax Briefing(s)
2024 Tax Year in Review2024 Post-Election Tax Policy Update2024 Post-Filing Season Update
IRS Warns Taxpayers to Watch Out for Common Tax Scams (IR-2025-26)
The IRS released its annual Dirty Dozen list of tax scams for 2025, cautioning taxpayers, businesses and tax professionals about schemes that threaten their financial and tax information. The IRS iden...
IRS Expands Individual Online Account to Simplify Tax Filing (IR-2025-28)
The IRS has expanded its Individual Online Account tool to include information return documents, simplifying tax filing for taxpayers. The first additions are Form W-2, Wage and Tax Statement, and F...
IRS Informs Taxpayers of ABLE Accounts for Disability-Related Savings
The IRS informed taxpayers that Achieving a Better Life Experience (ABLE) accounts allow individuals with disabilities and their families to save for qualified expenses without affecting eligibility...
IRS Encourages Taxpayers to Use Refund Tool (IR-2025-25)
The IRS urged taxpayers to use the “Where’s My Refund?” tool on IRS.gov to track their 2024 tax return status. Following are key details about the tool and the refund process:E-filers can chec...
IRS Releases Excludable or Deductible Foreign Housing Expenses for 2025 (Notice 2025-16)
The IRS has provided the foreign housing expense exclusion/deduction amounts for tax year 2025. Generally, a qualified individual whose entire tax year is within the applicable period is limited to ma...
AZ - Direct file now accepting retirement filings
The Arizona Department of Revenue is now accepting 1099-R Retirement filings through Direct File. It is relevant for those addressing personal income tax matters related to retirement. News Release, ...
CA - Additional Application Windows Opened for Film and Television Tax Credits
The California Film Commission announced additional application windows for Film & Television Tax Credit Program 3.0 during the 2024-2025 fiscal year. The additional application windows have been ...
CO - Collegeinvest contribution subtraction guidance updated
The Colorado Department of Revenue has updated its guidance regarding the personal income tax subtraction for qualified state tuition program contributions made by qualifying taxpayers. In general, th...
FL - Solid mineral tax rates for 2025 announced
Florida has released the severance tax rates on the production of heavy minerals and other solid minerals for 2025.Phosphate Rock ProducersFrom January 1, 2025, through December 31, 2025, the tax rate...
GA - Updated chart of local sales and use tax rate history issued
The Georgia Department of Revenue published a local sales and use tax history that provides local tax by jurisdiction and tax type from 1972 forward, including rates effective April 1, 2025. Local Sa...
HI - House approves IRC conformity update
The Hawaii House of Representatives has approved a bill that would update Hawaii’s Internal Revenue Code tie-in date for computing corporate and individual income tax liability. The bill would move ...
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...
IL - EDGE, REV, and MICRO credit regulations adopted, amended
Illinois adopted and amended regulations implementing:the Economic Development for a Growing Economy (EDGE) construction jobs credit for eligible corporate and personal income taxpayers;the Reimagi...
IA - Changes to rules related to agency procedure
The Iowa Department of Revenue announced changes to rules on agency procedure. The Department, Lottery Authority, and Alcoholic Beverages Division all maintained their own set of rules and the goal is...
MD - Budget proposal includes income tax rate changes, cannabis rate change
Proposed tax changes in the Budget Reconciliation and Financing Act of 2025 (H.B. 352/S.B. 321), part of Maryland Governor Wes Moore's legislative agenda, include the following:Personal income tax pro...
MA - Tax exemption appeal denied, lessee liable for commercial use taxation
A court affirmed a tax board's decision, rejecting a taxpayer's claim for a Massachusetts property tax exemption. The taxpayer argued that a provision of a 1993 bill, enacted by the Legislature upon o...
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...
NM - Interest rate unchanged for second quarter of 2025
The interest rate charged on an underpayment or paid on an overpayment of New Mexico tax will remain at 7% for the second quarter of 2025. The rates can be viewed on the New Mexico Department of Reven...
NY - Treatment of banking group's cash election, receipts factor, and credit claims determined
In a New York corporate franchise tax case involving a combined group operating as a global investment bank and institutional securities firm, the Tax Appeals Tribunal (TAT) agreed with the administra...
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...
ND - Primary residence credit expanded
North Dakota expanded eligibility for the $500 property tax credit allowed for primary residences. As amended, the credit now also includes (1) individuals having a life estate in the property, (2) pr...
OH - Governor proposes child tax credit in budget address
During his 2025 State of the State address, the Ohio governor proposed the creation of a personal income child tax credit. The credit would provide families up to $1,000 per child every year through a...
OR - Paid leave Oregon benefit subtraction clarified
Oregon has clarified how personal income taxpayers who reported Paid Leave Oregon benefits on their federal income and itemized deductions, can utilize a tax subtraction. The subtraction is not availa...
PA - Employment, supply, and cleaning services taxability clarified
Pennsylvania sales and use taxation of employment agency services, help supply services, and building cleaning services has been clarified. The purchase price is determined as the service fee paid by ...
TN - City of New Hope business tax discussed
Tennessee announced that the City of New Hope has enacted a business tax, effective May 1, 2025. Accordingly, for tax periods beginning on or after that date, businesses may be subject to the New Hope...
TX - COGS deduction, retailer/wholesaler rate denied for "printing as a service"
A Texas Comptroller decision denied the cost of goods sold subtraction and reduced retailer/wholesaler tax rate for a taxpayer who provided "Printing as a Service." The taxpayer sold printers, scanner...
UT - Prepaid wireless 911 service charge lowered
The Utah Tax Commission announced that a previously issued bulletin (Tax Bulletin 19-24) listed telecommunications rate changes effective January 1, 2025, but it incorrectly did not include informatio...
VA - Interest rates unchanged for second quarter of 2025
The Virginia interest rates for the second quarter of 2025 will remain at 9% for tax underpayments (assessments) and 9% for tax overpayments (refunds). For the purpose of computing the addition for un...
IRS Warns Taxpayers to Watch Out for Common Tax Scams (IR-2025-26)
The IRS released its annual Dirty Dozen list of tax scams for 2025, cautioning taxpayers, businesses and tax professionals about schemes that threaten their financial and tax information. The IRS iden...
IRS Expands Individual Online Account to Simplify Tax Filing (IR-2025-28)
The IRS has expanded its Individual Online Account tool to include information return documents, simplifying tax filing for taxpayers. The first additions are Form W-2, Wage and Tax Statement, and F...
IRS Informs Taxpayers of ABLE Accounts for Disability-Related Savings
The IRS informed taxpayers that Achieving a Better Life Experience (ABLE) accounts allow individuals with disabilities and their families to save for qualified expenses without affecting eligibility...
IRS Encourages Taxpayers to Use Refund Tool (IR-2025-25)
The IRS urged taxpayers to use the “Where’s My Refund?” tool on IRS.gov to track their 2024 tax return status. Following are key details about the tool and the refund process:E-filers can chec...
IRS Releases Excludable or Deductible Foreign Housing Expenses for 2025 (Notice 2025-16)
The IRS has provided the foreign housing expense exclusion/deduction amounts for tax year 2025. Generally, a qualified individual whose entire tax year is within the applicable period is limited to ma...
AZ - Direct file now accepting retirement filings
The Arizona Department of Revenue is now accepting 1099-R Retirement filings through Direct File. It is relevant for those addressing personal income tax matters related to retirement. News Release, ...
CA - Additional Application Windows Opened for Film and Television Tax Credits
The California Film Commission announced additional application windows for Film & Television Tax Credit Program 3.0 during the 2024-2025 fiscal year. The additional application windows have been ...
CO - Collegeinvest contribution subtraction guidance updated
The Colorado Department of Revenue has updated its guidance regarding the personal income tax subtraction for qualified state tuition program contributions made by qualifying taxpayers. In general, th...
FL - Solid mineral tax rates for 2025 announced
Florida has released the severance tax rates on the production of heavy minerals and other solid minerals for 2025.Phosphate Rock ProducersFrom January 1, 2025, through December 31, 2025, the tax rate...
GA - Updated chart of local sales and use tax rate history issued
The Georgia Department of Revenue published a local sales and use tax history that provides local tax by jurisdiction and tax type from 1972 forward, including rates effective April 1, 2025. Local Sa...
HI - House approves IRC conformity update
The Hawaii House of Representatives has approved a bill that would update Hawaii’s Internal Revenue Code tie-in date for computing corporate and individual income tax liability. The bill would move ...
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...
IL - EDGE, REV, and MICRO credit regulations adopted, amended
Illinois adopted and amended regulations implementing:the Economic Development for a Growing Economy (EDGE) construction jobs credit for eligible corporate and personal income taxpayers;the Reimagi...
IA - Changes to rules related to agency procedure
The Iowa Department of Revenue announced changes to rules on agency procedure. The Department, Lottery Authority, and Alcoholic Beverages Division all maintained their own set of rules and the goal is...
MD - Budget proposal includes income tax rate changes, cannabis rate change
Proposed tax changes in the Budget Reconciliation and Financing Act of 2025 (H.B. 352/S.B. 321), part of Maryland Governor Wes Moore's legislative agenda, include the following:Personal income tax pro...
MA - Tax exemption appeal denied, lessee liable for commercial use taxation
A court affirmed a tax board's decision, rejecting a taxpayer's claim for a Massachusetts property tax exemption. The taxpayer argued that a provision of a 1993 bill, enacted by the Legislature upon o...
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...
NM - Interest rate unchanged for second quarter of 2025
The interest rate charged on an underpayment or paid on an overpayment of New Mexico tax will remain at 7% for the second quarter of 2025. The rates can be viewed on the New Mexico Department of Reven...
NY - Treatment of banking group's cash election, receipts factor, and credit claims determined
In a New York corporate franchise tax case involving a combined group operating as a global investment bank and institutional securities firm, the Tax Appeals Tribunal (TAT) agreed with the administra...
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...
ND - Primary residence credit expanded
North Dakota expanded eligibility for the $500 property tax credit allowed for primary residences. As amended, the credit now also includes (1) individuals having a life estate in the property, (2) pr...
OH - Governor proposes child tax credit in budget address
During his 2025 State of the State address, the Ohio governor proposed the creation of a personal income child tax credit. The credit would provide families up to $1,000 per child every year through a...
OR - Paid leave Oregon benefit subtraction clarified
Oregon has clarified how personal income taxpayers who reported Paid Leave Oregon benefits on their federal income and itemized deductions, can utilize a tax subtraction. The subtraction is not availa...
PA - Employment, supply, and cleaning services taxability clarified
Pennsylvania sales and use taxation of employment agency services, help supply services, and building cleaning services has been clarified. The purchase price is determined as the service fee paid by ...
TN - City of New Hope business tax discussed
Tennessee announced that the City of New Hope has enacted a business tax, effective May 1, 2025. Accordingly, for tax periods beginning on or after that date, businesses may be subject to the New Hope...
TX - COGS deduction, retailer/wholesaler rate denied for "printing as a service"
A Texas Comptroller decision denied the cost of goods sold subtraction and reduced retailer/wholesaler tax rate for a taxpayer who provided "Printing as a Service." The taxpayer sold printers, scanner...
UT - Prepaid wireless 911 service charge lowered
The Utah Tax Commission announced that a previously issued bulletin (Tax Bulletin 19-24) listed telecommunications rate changes effective January 1, 2025, but it incorrectly did not include informatio...
VA - Interest rates unchanged for second quarter of 2025
The Virginia interest rates for the second quarter of 2025 will remain at 9% for tax underpayments (assessments) and 9% for tax overpayments (refunds). For the purpose of computing the addition for un...

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