- Home

Home

Tax Alerts

Tax Briefing(s)

2026 Post-Filing Season Update 2025 Tax Year-in-Review 2025 Year-End Tax Planning One Big Beautiful Bill Act (Signed Into Law July 4, 2025)

IRS Provides Indexing Adjustments for Applicable Dollar Amounts (Rev. Proc. 2026-22)
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). This...

IRS Updates Conservation Easement Guidance; Warns of Abusive Tax Shelter Risks (IR 2026-63)
The IRS has updated its Conservation Easement website to expand guidance on abusive conservation easement transactions. In the announcement, the IRS stated that promoter-driven conservation easement...

IRS Informs Taxpayers On Filing Amended Returns To Correct Errors
The IRS has advised individual taxpayers that errors in a filed federal return may be corrected by submitting an amended return where key items affecting tax liability have changed. Amendments are gen...

IRS Highlights Digital Tools for Small Businesses During National Small Business Week (Tax Tip 2026-38)
The IRS has highlighted several digital tools and resources available to help small businesses and entrepreneurs manage their tax responsibilities during National Small Business Week. These tools are...

AZ - Waste tire fee guidance revised
Arizona again updated its guidance on waste tire fees, which apply to businesses selling new motor vehicle tires. This revision updates the version released in April 2026. This May 2026 revision intro...

CA - OTA had jurisdiction over appeal, but appeal was moot
The California Office of Tax Appeals (OTA) had jurisdiction to consider a taxpayer's appeal of the Franchise Tax Board's (FTB) denial of a claim for refund of an unclaimed property credit for the 2018...

CO - Qualified care worker credit guidance issued
Colorado issued guidance on the qualified care worker credit available for tax years 2025 through 2028. The guidance outlines eligibility criteria for resident child care workers and direct care worke...

FL - Governor calls special session on property tax relief
Florida Gov. Ron DeSantis called for a special session of the legislature during the week of June 1 to consider a constitutional amendment on broad property tax relief. The governor's constitutional a...

GA - County tax rate change announced for Q3
Effective July 1, 2026, Madison County will impose a local sales and use tax rate of 7%. This was the only county tax rate change announced for the quarter. Bulletin, Georgia Department of Revenue, Ju...

HI - Exemption provided for sale of aircraft maintenance materials to air carriers
Beginning January 1, 2027, the sale of materials, parts or tools to an air carrier will be exempt from Hawaii general excise tax if purchased for aircraft service and maintenance or for the constructi...

ID: Reminder issued on exemption for small sellers
daho residents are reminded about previously enacted legislation that provides a sales and use tax exemption for certain small sellers with annual sales of $5,000 or less. The exemption is effective J...

IL - Application of state and local tax to motor vehicle leases discussed
Illinois issued a general information letter discussing the application of state and local sales taxes, specifically Chicago’s personal property lease transaction tax, to gross receipts from motor v...

IA - Propane tanks not taxable as real property
The Supreme Court of Iowa has determined that the propane tanks at issue are not taxable as real property. The taxpayer is an agricultural cooperative and owns eleven 90,000-gallon propane fuel tanks ...

MD - 9-1-1 retirement income credit enacted
Maryland has enacted a nonrefundable personal income tax credit of 4.75% of the first $15,000 of retirement income for service as a 9-1-1 specialist. The credit is available for tax years 2026 through...

MA - Interest rates increased for the third quarter of 2026
Massachusetts announced an increase of the quarterly interest rates on overpayments and underpayments of income taxes. The rates for the period July 1, 2026, through September 30, 2026, are:overpaymen...

NV - Tax exemption criteria tightened for nonprofit organizations
Nevada's Department of Taxation has revised the criteria for nonprofit organizations to qualify for sales and use tax exemptions, requiring compliance with enhanced standards. In determining whether a...

NM - 2026 Q3 interest rates announced
New Mexico has announced that its interest rate on underpaid and overpaid taxes will increase to 7% for the third quarter of 2026. Penalty & Interest Rates, New Mexico Taxation and Revenue Departm...

NY - Enacted budget extends refundability of investment tax credit for farmers
Enacted as part of New York's 2026-27 budget package, A.B. 10008 extends through 2032 the provision making the investment tax credit refundable for eligible farmers. Previously, the provision applied ...

NC: Guidance issued on weight-based snuff tax, alternative nicotine products tax, and inventory tax
Guidance is issued regarding recently enacted legislation, effective July 1, 2025, that changed the North Carolina excise tax rate methodology for snuff, imposed a new excise tax on alternative nicoti...

ND - Local rate changes announced
North Dakota has announced the following local sales and use tax changes effective July 1, 2026: (1) the city of Drayton will increase its city sales, use, and gross receipts tax to 3.5%; (2) the city...

OH - 2026 third quarter PAT average wholesale prices released
Ohio has released the petroleum activity tax (PAT) statewide average wholesale prices for the third quarter of 2026.The average prices per gallon for the second quarter are:$1.956 for unleaded gasolin...

OR - Portland arts tax amended
Portland has amended its Arts Tax to provide tax relief and enhance the sustainability of the Arts Access Fund.The tax is increased from $35 to $50 on each resident of Portland who is at least 18 in t...

PA - Deadline for property tax/rent rebate program extended
Pennsylvania has extended the deadline for its Property Tax/Rent Rebate (PTRR) program to December 31, 2026, allowing eligible seniors, widows and widowers, and individuals with disabilities additiona...

TN - Metropolitan governments authorized to enact exemption or reduced rate for food
Tennessee has authorized a county with a metropolitan form of government to: (1) levy a tax on the retail sale of food and food ingredients within the county at a rate lower than the local tax rate le...

TX - List of jurisdictions that tax telecommunications services updated
Texas has revised its list of local jurisdictions that impose sales tax on telecommunications services to include Falls County Emergency Services District No. 1 and Tyler County Emergency Services Dis...

UT - Sigurd and stockton impose local taxes
The Utah Tax Commission has announced the following sales and use tax changes, effective July 1, 2026:Sigurd (Sevier County) imposes the city or town option sales and use tax at the rate of 0.3%. The ...

VA - Update issued for taxpayers who itemize deductions on tax year 2025 returns
The Virginia Department of Taxation issued an update for taxpayers who itemize deductions on Tax Year 2025 returns. Legislation was enacted generally conforming Virginia to federal tax law as of Decem...

Welcome and thank you for visiting our Website. In addition to providing you with a profile of our firm and the services we provide, this Website has been designed to become a helpful resource tool to you, our valued clients and visitors. Our dedication to superior client service has brought us to the Internet as we endeavor to continue to provide the highest quality professional service and guidance.

As you browse through our Website, you will see that we have highlighted background information on our firm and the services we provide. We have also included useful resources such as informative articles (in our Newsletter section) and interactive financial calculators (in our Financial Tools section). In addition, we have taken the time to gather many links to external Websites that we think would be of interest to our clients and visitors (in our Internet Links section).

Please feel free to contact us with any questions or comments you may have - we'd love to hear from you. We pride ourselves on being proactive and responsive to our clients' inquiries and suggestions.

Login to ShareFile