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2025 Tax Year-in-Review2025 Year-End Tax PlanningOne Big Beautiful Bill Act (Signed Into Law July 4, 2025)
IRS Launches New Web Page to Streamline Fraud Reporting and Improve Case Processing (IR 2026-26)
The IRS introduced a new web page designed to streamline and strengthen the reporting of suspected tax fraud, scams, evasion, and related misconduct. The initiative consolidates previously fragmente...
The IRS introduced a new web page designed to streamline and strengthen the reporting of suspected tax fraud, scams, evasion, and related misconduct. The initiative consolidates previously fragmente...
IRS Lists Dirty Dozen Tax Scams for 2026 (IR 2026-30)
The IRS announced its 2026 “Dirty Dozen” list of tax scams warning individuals, businesses and tax professionals about evolving fraud schemes that threaten tax and financial information. The annua...
The IRS announced its 2026 “Dirty Dozen” list of tax scams warning individuals, businesses and tax professionals about evolving fraud schemes that threaten tax and financial information. The annua...
Treasury Secretary’s Acting IRS Commissioner Role Ends (IR 2026-36)
The Secretary of the Treasury’s service as Acting Commissioner of the Internal Revenue Service ended under the Federal Vacancies Reform Act and the IRS continues operating under existing Treasury ov...
The Secretary of the Treasury’s service as Acting Commissioner of the Internal Revenue Service ended under the Federal Vacancies Reform Act and the IRS continues operating under existing Treasury ov...
IRS Opens 2026 Tax Filing Season with Enhanced Digital Tools and Faster Refunds (IR 2026-12)
The IRS has announced the opening of the 2026 tax filing season and has begun accepting and processing federal individual income tax returns for the tax year 2025. Additionally, the IRS encouraged tax...
The IRS has announced the opening of the 2026 tax filing season and has begun accepting and processing federal individual income tax returns for the tax year 2025. Additionally, the IRS encouraged tax...
National Taxpayer Advocate Warns of Filing Challenges for 2026 Season (IR 2026-15)
The National Taxpayer Advocate reported, that most individual taxpayers experienced a smooth filing process during the 2025 tax year, but warned that the 2026 filing season may present greater challen...
The National Taxpayer Advocate reported, that most individual taxpayers experienced a smooth filing process during the 2025 tax year, but warned that the 2026 filing season may present greater challen...
IRS Offers Tips for Choosing Qualified Tax Return Preparers
IRS has advised individual taxpayers that they remain legally responsible for the accuracy of their federal tax returns, even when using a paid preparer. With most tax documents now issued, the agency...
IRS has advised individual taxpayers that they remain legally responsible for the accuracy of their federal tax returns, even when using a paid preparer. With most tax documents now issued, the agency...
AZ - Interest rates decreased for Q2
The interest rate on the underpayment and overpayment of Arizona taxes has been reduced to 6% for the period April 1, 2026, through June 30, 2026. The rate had been set at 7% since January 1, 2025. I...
The interest rate on the underpayment and overpayment of Arizona taxes has been reduced to 6% for the period April 1, 2026, through June 30, 2026. The rate had been set at 7% since January 1, 2025. I...
CA - FTB clarifies when and what forms to file for postponement of deadlines due to disaster
The California Franchise Tax Board has clarified when and what forms to file for the postponement of filing and payment deadlines due to a disaster.Is Form 3872 required when federal and California po...
The California Franchise Tax Board has clarified when and what forms to file for the postponement of filing and payment deadlines due to a disaster.Is Form 3872 required when federal and California po...
CO - Guidance on withholding requirements for gambling winnings updated
Colorado updated its guidance on the income tax withholding requirements for gambling winnings. Payers must withhold Colorado income tax at a rate of 4% if winnings are subject to federal tax withhold...
Colorado updated its guidance on the income tax withholding requirements for gambling winnings. Payers must withhold Colorado income tax at a rate of 4% if winnings are subject to federal tax withhold...
FL - Solid mineral tax rates for 2026 announced
Alaska—Property Tax: Governor Proposes Changes to Liquefied Natural Gas ProjectAlaska Gov. Mike Dunleavy transmitted legislation to the Alaska State Legislature replacing the existing oil and gas pr...
Alaska—Property Tax: Governor Proposes Changes to Liquefied Natural Gas ProjectAlaska Gov. Mike Dunleavy transmitted legislation to the Alaska State Legislature replacing the existing oil and gas pr...
GA - Transportation services tax rates adjusted
Georgia updated its transportation services tax rates for hire ground transport and shared for hire ground transport. For the period of April 1, 2026, through March 31, 2027, the rates are $0.64 per t...
Georgia updated its transportation services tax rates for hire ground transport and shared for hire ground transport. For the period of April 1, 2026, through March 31, 2027, the rates are $0.64 per t...
HI - Condo units properly reclassified as non-owner-occupied
Taxpayers' Maui condominium units were properly reclassified as "non-owner-occupied" rather than "apartment" for county real property tax purposes, resulting in a higher tax rate. Prior to the passage...
Taxpayers' Maui condominium units were properly reclassified as "non-owner-occupied" rather than "apartment" for county real property tax purposes, resulting in a higher tax rate. Prior to the passage...
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 issued on vehicle leases
Illinois issued guidance that illustrates the sales tax obligations of:vehicle dealerships and leasing companies for original lease transactions; andleasing companies and lessees for sales of vehicles...
Illinois issued guidance that illustrates the sales tax obligations of:vehicle dealerships and leasing companies for original lease transactions; andleasing companies and lessees for sales of vehicles...
IA - Health care tax on HMOs enacted
On March 25, 2026, in an effort to fill the state’s Medicaid budget shortfall, Iowa Gov. Kim Reynolds signed legislation that introduces a new health care tax on health maintenance organizations (HM...
On March 25, 2026, in an effort to fill the state’s Medicaid budget shortfall, Iowa Gov. Kim Reynolds signed legislation that introduces a new health care tax on health maintenance organizations (HM...
MD - Guidance issued on capital gains surtax
The Maryland Comptroller has issued guidance regarding the additional 2% capital gains tax on individuals with federal adjusted gross income in excess of $350,000 regardless of filing status, beginnin...
The Maryland Comptroller has issued guidance regarding the additional 2% capital gains tax on individuals with federal adjusted gross income in excess of $350,000 regardless of filing status, beginnin...
MA - Individual mandate penalty for 2026 announced
Massachusetts issued guidance on personal income taxes regarding individual mandate penalties for 2026 under the Massachusetts Health Care Reform Act. The penalties apply to adults 18 and older who ar...
Massachusetts issued guidance on personal income taxes regarding individual mandate penalties for 2026 under the Massachusetts Health Care Reform Act. The penalties apply to adults 18 and older who ar...
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...
NM - 2026 Q2 interest rates announced
New Mexico has announced that its interest rate on underpaid and overpaid taxes will decrease to 6% for the second quarter of 2026. Penalty & Interest Rates, New Mexico Taxation and Revenue Depar...
New Mexico has announced that its interest rate on underpaid and overpaid taxes will decrease to 6% for the second quarter of 2026. Penalty & Interest Rates, New Mexico Taxation and Revenue Depar...
NY - Goodwill was investment income triggering mandated s corporation election
The New York Division of Taxation correctly determined that a mandatory S corporation election was triggered in a case involving an acquisition where a large portion of the sale price came from self-c...
The New York Division of Taxation correctly determined that a mandatory S corporation election was triggered in a case involving an acquisition where a large portion of the sale price came from self-c...
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 - Guidance on sales to or by native Americans updated
North Dakota updated its guidance on sales and use tax for transactions involving Native Americans. The guidance discusses tax exemptions for sales made by Native American retailers on reservations, t...
North Dakota updated its guidance on sales and use tax for transactions involving Native Americans. The guidance discusses tax exemptions for sales made by Native American retailers on reservations, t...
OH - 2026 second quarter PAT average wholesale prices released
Ohio has released the petroleum activity tax (PAT) statewide average wholesale prices for the second quarter of 2026.The average prices per gallon for the second quarter are:$1.774 for unleaded gasoli...
Ohio has released the petroleum activity tax (PAT) statewide average wholesale prices for the second quarter of 2026.The average prices per gallon for the second quarter are:$1.774 for unleaded gasoli...
OR - IRC conformity bill passes house
The Oregon House has passed a bill that would update the state's IRC conformity date, disconnect from certain provisions, and make other changes. The bill previously passed the Oregon Senate and now g...
The Oregon House has passed a bill that would update the state's IRC conformity date, disconnect from certain provisions, and make other changes. The bill previously passed the Oregon Senate and now g...
PA - Estimated payment policy clarified
Philadelphia has issued guidance on the business income and receipts tax (BIRT) for tax year 2025. The city clarifies its estimated payment policy following the removal of the $100,000 exclusion, requ...
Philadelphia has issued guidance on the business income and receipts tax (BIRT) for tax year 2025. The city clarifies its estimated payment policy following the removal of the $100,000 exclusion, requ...
TN - U.S. postal service changes to postmarks discussed
Tennessee issued a notice discussing postmark changes announced by the U.S. Postal Service (USPS) that may affect whether certain tax filings mailed to the Department of Revenue are considered timely....
Tennessee issued a notice discussing postmark changes announced by the U.S. Postal Service (USPS) that may affect whether certain tax filings mailed to the Department of Revenue are considered timely....
TX - Federal conformity memorandum revised
Texas has issued a revised version of its December 19, 2025 memorandum regarding changes to the Texas Comptroller's policy regarding franchise tax conformity with the Internal Revenue Code (IRC), effe...
Texas has issued a revised version of its December 19, 2025 memorandum regarding changes to the Texas Comptroller's policy regarding franchise tax conformity with the Internal Revenue Code (IRC), effe...
UT - Eligibility for child tax credit expanded
Beginning on and after January 1, 2026, eligibility for the Utah nonrefundable individual income tax credit for qualifying children is expanded by increasing the thresholds for the income-based phaseo...
Beginning on and after January 1, 2026, eligibility for the Utah nonrefundable individual income tax credit for qualifying children is expanded by increasing the thresholds for the income-based phaseo...
VA - Tax commissioner required to offer free electronic tax filing program for individuals
The Virginia Tax Commissioner is required to develop and offer a free electronic tax return filing services program directly to Virginia individual income taxpayers. Such program must be available for...
The Virginia Tax Commissioner is required to develop and offer a free electronic tax return filing services program directly to Virginia individual income taxpayers. Such program must be available for...
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