Tax Alerts
Tax Briefing(s)
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...
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...
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...
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...
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...
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...
AL - Interest rate unchanged for second quarter of 2025
The interest rate on underpayments and overpayments of Alabama taxes will remain at 7% for the second quarter of 2025. Quarterly Interest Rates, Alabama Department of Revenue, March 2025...
The interest rate on underpayments and overpayments of Alabama taxes will remain at 7% for the second quarter of 2025. Quarterly Interest Rates, Alabama Department of Revenue, March 2025...
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 - 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, ...
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, ...
AR - Disabled Veterans Exempt From Penalty When Redeeming Delinquent Parcel
A disabled veteran is not subject to the 10% penalty when redeeming a tax-delinquent parcel from the Arkansas Commissioner of State Lands. The veteran must submit a letter that meets the requirements ...
A disabled veteran is not subject to the 10% penalty when redeeming a tax-delinquent parcel from the Arkansas Commissioner of State Lands. The veteran must submit a letter that meets the requirements ...
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 ...
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...
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...
CT - Municipalities may adopt modified depreciation schedule for vehicles; exemption for veterans modified
Legislation regarding Connecticut property taxes is enacted that: (1) creates an option for municipalities to adopt a modified depreciation schedule for vehicles; and (2) modifies the exemption for pe...
Legislation regarding Connecticut property taxes is enacted that: (1) creates an option for municipalities to adopt a modified depreciation schedule for vehicles; and (2) modifies the exemption for pe...
DE - Guidance provided on short-term rental tax
Delaware provided guidance for the new lodging tax on businesses or individuals who facilitate or arrange short-term rentals through a website or other method. The tax applies to rental agreements sig...
Delaware provided guidance for the new lodging tax on businesses or individuals who facilitate or arrange short-term rentals through a website or other method. The tax applies to rental agreements sig...
DC - New electronic filing requirements discussed
The District of Columbia has provided additional information regarding new electronic filing requirements for specific income taxpayers for the 2025 tax year. The regulation requires taxpayers, who ex...
The District of Columbia has provided additional information regarding new electronic filing requirements for specific income taxpayers for the 2025 tax year. The regulation requires taxpayers, who ex...
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...
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...
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 ...
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...
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...
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...
IN - New rule adopted that reflects legislation that enacted market-based sourcing for sales of services or intangibles
Indiana has adopted a new rule that implements market-based sourcing for sales of services or intangibles for corporate income tax purposes. The new rule implements legislation enacted in 2019, and ma...
Indiana has adopted a new rule that implements market-based sourcing for sales of services or intangibles for corporate income tax purposes. The new rule implements legislation enacted in 2019, and ma...
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...
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...
KS - Oil and gas appraisal guide updated for 2025
Kansas updated its oil and gas property tax appraisal guide for 2025. The guide contains a summary of changes, crude oil price schedules, the gas market adjustment factor (MAF), rendition forms, and i...
Kansas updated its oil and gas property tax appraisal guide for 2025. The guide contains a summary of changes, crude oil price schedules, the gas market adjustment factor (MAF), rendition forms, and i...
KY - Senate approves changes to rate cut triggers
The Kentucky Senate approved legislation that changes the revenue triggers for personal income tax rate cuts after the 2026 tax year. The Senate modified the legislation by allowing a larger rate re...
The Kentucky Senate approved legislation that changes the revenue triggers for personal income tax rate cuts after the 2026 tax year. The Senate modified the legislation by allowing a larger rate re...
LA - Inmate not required to pay tax on hobby craft sales
An incarcerated inmate that sold hobby crafts during a prison rodeo was not a dealer required to pay Louisiana sales tax on retail sales. Anderson v. Louisiana Department of Public Safety and Correct...
An incarcerated inmate that sold hobby crafts during a prison rodeo was not a dealer required to pay Louisiana sales tax on retail sales. Anderson v. Louisiana Department of Public Safety and Correct...
ME - Rule amended to impose electronic filing on certain taxpayers
Maine Rule 104, which outlines requirements for filing certain Maine tax returns, including electronic filing requirements, has been amended to require that the following file electronic returns:certa...
Maine Rule 104, which outlines requirements for filing certain Maine tax returns, including electronic filing requirements, has been amended to require that the following file electronic returns:certa...
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...
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...
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...
MI - Burden of proof of lessee-user tax is on taxing authority
The Michigan Tax Tribunal misapplied the burden of proof in deciding the application of the lessee-user property tax to an airplane hanger built on land leased by the taxpayer from the Northwestern Re...
The Michigan Tax Tribunal misapplied the burden of proof in deciding the application of the lessee-user property tax to an airplane hanger built on land leased by the taxpayer from the Northwestern Re...
MN - Claimed deductions denied due to lack of real estate professional status
The Supreme Court of Minnesota affirmed a Tax Court decision involving personal income tax deductions claimed by taxpayers with respect to residential real estate in the state of Washington. The taxpa...
The Supreme Court of Minnesota affirmed a Tax Court decision involving personal income tax deductions claimed by taxpayers with respect to residential real estate in the state of Washington. The taxpa...
MS - City of Walnut hotel, motel, and restaurant tax
Effective February 1, 2025, the city of Walnut, Mississippi begins imposing a 3% Walnut Parks and Recreation Tax on (1) the gross proceeds of hotel and motel room rentals, and (2) the gross proceeds o...
Effective February 1, 2025, the city of Walnut, Mississippi begins imposing a 3% Walnut Parks and Recreation Tax on (1) the gross proceeds of hotel and motel room rentals, and (2) the gross proceeds o...
MO - Local tax rate changes announced
The following local Missouri sales and use tax rate changes take effect April 1, 2025. Also, new rates are listed for each county, city, and special district affected by the rate changes.County Change...
The following local Missouri sales and use tax rate changes take effect April 1, 2025. Also, new rates are listed for each county, city, and special district affected by the rate changes.County Change...
MT - Tax simplification changes now in effect
The Montana Department of Revenue (DOR) reminds taxpayers preparing their 2024 Montana tax return that they may be noticing the effect of S.B. 399 from the 2021 Legislature. The bill aligns the Montan...
The Montana Department of Revenue (DOR) reminds taxpayers preparing their 2024 Montana tax return that they may be noticing the effect of S.B. 399 from the 2021 Legislature. The bill aligns the Montan...
NE - Pass-through entity tax FAQ's updated
The Nebraska Department of Revenue has updated its guidance on the pass-through entity tax (PTET). Elections for any one of the tax years 2018 through 2022 must be filed on or before December 30, 2025...
The Nebraska Department of Revenue has updated its guidance on the pass-through entity tax (PTET). Elections for any one of the tax years 2018 through 2022 must be filed on or before December 30, 2025...
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...
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...
NH - Department reminds taxpayers of interest and dividends tax repeal
The New Hampshire Department of Revenue Administration reminds taxpayers that the Interest and Dividends Tax is repealed effective January 1, 2025. Technical Information Release TIR 2025-001, New Ham...
The New Hampshire Department of Revenue Administration reminds taxpayers that the Interest and Dividends Tax is repealed effective January 1, 2025. Technical Information Release TIR 2025-001, New Ham...
NJ - Property tax credit guidance for 22/23 updated
New Jersey residents who typically do not file gross income tax returns may need to act to receive a property tax credit for 2022 and 2023 due to changes to the ANCHOR and Stay NJ property tax relief ...
New Jersey residents who typically do not file gross income tax returns may need to act to receive a property tax credit for 2022 and 2023 due to changes to the ANCHOR and Stay NJ property tax relief ...
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...
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...
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...
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...
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...
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...
OK - Correction: local tax rate change announced
The Oklahoma Tax Commission has corrected a prior local tax rate announcement. Beginning April 1, 2025, Muskogee County increases its sales and use tax rate to 1.499%. ERates and Codes for Sales, Use,...
The Oklahoma Tax Commission has corrected a prior local tax rate announcement. Beginning April 1, 2025, Muskogee County increases its sales and use tax rate to 1.499%. ERates and Codes for Sales, Use,...
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...
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 ...
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 ...
RI - Taxpayers reminded of 2025 LLC filing requirements
The Rhode Island Department of Revenue Division of Taxation has issued a notice summarizing the 2025 income tax filing requirements for LLCs. Notice 2025-01, Rhode Island Division of Taxation, Februa...
The Rhode Island Department of Revenue Division of Taxation has issued a notice summarizing the 2025 income tax filing requirements for LLCs. Notice 2025-01, Rhode Island Division of Taxation, Februa...
SC - Upcoming local rate changes discussed
South Carolina announced that local sales and use tax changes will become effective in five counties, effective May 1, 2025. Georgetown County will see an increase in the sales tax rate to 7% due to a...
South Carolina announced that local sales and use tax changes will become effective in five counties, effective May 1, 2025. Georgetown County will see an increase in the sales tax rate to 7% due to a...
SD - Clarification on wholesale purchase price of tobacco products with tax implications
South Dakota has clarified the wholesale purchase price of tobacco products for tax purposes. All tobacco products are subject to a tax of 35% on the wholesale purchase price. The tax is imposed on an...
South Dakota has clarified the wholesale purchase price of tobacco products for tax purposes. All tobacco products are subject to a tax of 35% on the wholesale purchase price. The tax is imposed on an...
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...
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...
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...
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...
VT - FAQs issued for certain small to mid-size businesses
Vermont issued a set of frequently asked questions (FAQs) for small to mid-size businesses having only Vermont resident owners. The FAQs specifically cover business income tax filing procedures for S ...
Vermont issued a set of frequently asked questions (FAQs) for small to mid-size businesses having only Vermont resident owners. The FAQs specifically cover business income tax filing procedures for S ...
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...
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...
WA - Regulation issued relating to affordable housing deferral program
The Washington Department of Revenue has issued a regulation to provide guidance on the sales and use tax deferral program for conversion of underutilized commercial property into affordable housing. ...
The Washington Department of Revenue has issued a regulation to provide guidance on the sales and use tax deferral program for conversion of underutilized commercial property into affordable housing. ...
WV - IRC conformity tie-in date updated
West Virginia enacted legislation that updates the IRC conformity tie-in date for calculating corporate and personal income tax liability. Taxpayers determining West Virginia income tax liability m...
West Virginia enacted legislation that updates the IRC conformity tie-in date for calculating corporate and personal income tax liability. Taxpayers determining West Virginia income tax liability m...
WI - Appeal dismissed and assessment affirmed due to non-compliance and lack of evidence
In a case involving personal income tax, the Wisconsin Tax Appeals Commission dismissed the appeal and affirmed the Department of Revenue's decision. The Department had issued an assessment for the 20...
In a case involving personal income tax, the Wisconsin Tax Appeals Commission dismissed the appeal and affirmed the Department of Revenue's decision. The Department had issued an assessment for the 20...
WY - Manufacturing exemptions extended
The Wyoming legislature has extended the sunset date for the manufacturing sales and use tax exemptions from December 31, 2027 to December 31, 2042. Additionally, provisions for the manufacturing use ...
The Wyoming legislature has extended the sunset date for the manufacturing sales and use tax exemptions from December 31, 2027 to December 31, 2042. Additionally, provisions for the manufacturing use ...
The 2024 tax filing season begins Monday, January 29, 2025.
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