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 - Electronic filing for lauderdale county business personal property tax returns
Alabama has enacted legislation allowing Lauderdale County to establish procedures for electronic filing for the reporting, assessment, and payment of business personal property taxes. Effective from ...
Alabama has enacted legislation allowing Lauderdale County to establish procedures for electronic filing for the reporting, assessment, and payment of business personal property taxes. Effective from ...
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 - Filing and payment extensions available for taxpayers directly affected by March 14th storms
Arkansas Governor, Sarah Huckabee Sanders, has signed Executive Order 25-06, authorizing the extension of income tax filing and payment dates for citizens impacted by the March 14th storms in the foll...
Arkansas Governor, Sarah Huckabee Sanders, has signed Executive Order 25-06, authorizing the extension of income tax filing and payment dates for citizens impacted by the March 14th storms in the foll...
CA - Tax refund action barred due to unpaid assessed tax amounts
A Califorina Court of Appeal affirmed a judgment of the Superior Court favoring the Franchise Tax Board (FTB) in a dispute regarding a tax refund for several specific years. The court applied the "pa...
A Califorina Court of Appeal affirmed a judgment of the Superior Court favoring the Franchise Tax Board (FTB) in a dispute regarding a tax refund for several specific years. The court applied the "pa...
CO - Conservation easement credit guidance updated
The Colorado Department of Revenue updated its guidance regarding conservation easement credits. The updated guidance reflects legislative changes to the credit that decrease the credit percentage beg...
The Colorado Department of Revenue updated its guidance regarding conservation easement credits. The updated guidance reflects legislative changes to the credit that decrease the credit percentage beg...
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 on marijuana business expense deduction issued
Delaware issued guidance on the corporate income tax deduction for marijuana business expenses. Taxpayers can subtract from federal taxable income ordinary and necessary marijuana business expenses th...
Delaware issued guidance on the corporate income tax deduction for marijuana business expenses. Taxpayers can subtract from federal taxable income ordinary and necessary marijuana business expenses th...
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 - Mandatory film tax credit audit program procedures revised
Georgia is making changes to the procedures of the Mandatory Film Tax Credit Audit Program. The changes involve adjustments to business records requests, documentation standards for certain contracts,...
Georgia is making changes to the procedures of the Mandatory Film Tax Credit Audit Program. The changes involve adjustments to business records requests, documentation standards for certain contracts,...
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 - Combined group member improperly excluded under 80/20 test
An Illinois appellate court affirmed an administrative ruling finding a combined unitary reporting group liable for almost $2.5 billion in additional income tax liability and $2.1 million in late paym...
An Illinois appellate court affirmed an administrative ruling finding a combined unitary reporting group liable for almost $2.5 billion in additional income tax liability and $2.1 million in late paym...
IN - April 2025 gasoline use tax rate announced
The Indiana gasoline use tax rate for the month of April 2025, is $0.159 per gallon. Departmental Notice #2, Indiana Department of Revenue, April 2025...
The Indiana gasoline use tax rate for the month of April 2025, is $0.159 per gallon. Departmental Notice #2, Indiana Department of Revenue, April 2025...
IA - Changes to rules related to excise tax on automobile rentals
The Iowa Department of Revenue adopted a new rules chapter related to excise tax imposed on the rentals of automobiles. The Department revised the chapter to remove portions of the rules that the Depa...
The Iowa Department of Revenue adopted a new rules chapter related to excise tax imposed on the rentals of automobiles. The Department revised the chapter to remove portions of the rules that the Depa...
KS - Local transient guest tax rate changes announced
Kansas announced local transient guest tax rate changes for the first quarter of 2025. Effective April 1, 2025, the transient guest tax rate is 4% in Clay County and 8.25% in the City of Hays. Transi...
Kansas announced local transient guest tax rate changes for the first quarter of 2025. Effective April 1, 2025, the transient guest tax rate is 4% in Clay County and 8.25% in the City of Hays. Transi...
KY - Authority to revoke driver's license for delinquencies eliminated
Kentucky eliminated the authority of the state's Transportation Cabinet to revoke driver's licenses of delinquent taxpayers. Act 72 (S.B. 43), Laws 2025, effective 90 days after the General Assembly a...
Kentucky eliminated the authority of the state's Transportation Cabinet to revoke driver's licenses of delinquent taxpayers. Act 72 (S.B. 43), Laws 2025, effective 90 days after the General Assembly a...
LA - Personal income tax reform summarized
The Louisiana Department of Revenue has issued a revenue information bulletin summarizing personal income tax changes made in the 2024 Third Extraordinary Session. Revenue Information Bulletin No. 25...
The Louisiana Department of Revenue has issued a revenue information bulletin summarizing personal income tax changes made in the 2024 Third Extraordinary Session. Revenue Information Bulletin No. 25...
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 - Reminder issued on tax filing date
The Michigan Department of Treasury has reminded taxpayers that the individual state income tax returns must be filed electronically or postmarked by 11:59 p.m. Tuesday, April 15, 2025. Returns for th...
The Michigan Department of Treasury has reminded taxpayers that the individual state income tax returns must be filed electronically or postmarked by 11:59 p.m. Tuesday, April 15, 2025. Returns for th...
MN - Governor releases revised budget
Minnesota Gov. Tim Walz released his revised budget for the FY 2026-27 biennium that begins on July 1, 2025, and ends on June 30, 2027. The governor’s revised budget includes additional spending cut...
Minnesota Gov. Tim Walz released his revised budget for the FY 2026-27 biennium that begins on July 1, 2025, and ends on June 30, 2027. The governor’s revised budget includes additional spending cut...
MS - Income tax credit extended for port and airport cargo services users
The Mississippi Legislature has extended the sunset date for the state's income tax credits for taxpayers using port and airport facilities for cargo services. The new sunset date for these credits is...
The Mississippi Legislature has extended the sunset date for the state's income tax credits for taxpayers using port and airport facilities for cargo services. The new sunset date for these credits is...
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 - Veteran property tax exemptions expanded
New Mexico has enacted legislation implementing constitutional amendments approved by voters that expand property tax exemptions for veterans. Beginning in property tax year 2025, the standard veteran...
New Mexico has enacted legislation implementing constitutional amendments approved by voters that expand property tax exemptions for veterans. Beginning in property tax year 2025, the standard veteran...
NY - Individual entitled to earned income and child credits based on documents and testimony
An individual was eligible for the New York earned income credit (EIC) because credible testimony, combined with documents in the record, substantiated his reported income. In addition, a combination ...
An individual was eligible for the New York earned income credit (EIC) because credible testimony, combined with documents in the record, substantiated his reported income. In addition, a combination ...
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 - Withholding requirement eliminated for military pay
Under a recently enacted North Dakota provision, unless otherwise instructed by a taxpayer, an employer may not withhold or deduct tax from military pay. The provision is effective for taxable years b...
Under a recently enacted North Dakota provision, unless otherwise instructed by a taxpayer, an employer may not withhold or deduct tax from military pay. The provision is effective for taxable years b...
OH - Definitions and exemptions for medical items updated
Ohio has issued an updated information release adopting the uniform definitions approved by the Streamlined Sales Tax Governing Board pertaining to drugs and various types of medical equipment. The re...
Ohio has issued an updated information release adopting the uniform definitions approved by the Streamlined Sales Tax Governing Board pertaining to drugs and various types of medical equipment. The re...
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 - Administration launches online petition center for taxpayers to file appeals
Pennsylvania launched a new online platform to provide an improved tax appeals process for taxpayers. The new Board of Appeals Online Petition Center offers an improved user interface, a feature to ...
Pennsylvania launched a new online platform to provide an improved tax appeals process for taxpayers. The new Board of Appeals Online Petition Center offers an improved user interface, a feature to ...
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 - Draft guidance issued on sourcing receipts from services
South Carolina issued a draft corporate income tax revenue ruling to provide guidance concerning the income-producing activity method of sourcing gross receipts from services. The document discusses a...
South Carolina issued a draft corporate income tax revenue ruling to provide guidance concerning the income-producing activity method of sourcing gross receipts from services. The document discusses a...
SD - Higher education savings plans updated to align with 2025 internal revenue code
South Dakota has updated a reference to the Internal Revenue Code (IRC) for purposes of higher education savings plans. Specifically, it establishes that the term "Internal Revenue Code" will refer ...
South Dakota has updated a reference to the Internal Revenue Code (IRC) for purposes of higher education savings plans. Specifically, it establishes that the term "Internal Revenue Code" will refer ...
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 - Challenge to property tax assessments dismissed due to immunity
The Texas Court of Appeals, Third District, affirmed the dismissal of an appellant's challenge to the validity of his property tax bills from 2021 and 2022. The appellant, arguing pro se, had sued fiv...
The Texas Court of Appeals, Third District, affirmed the dismissal of an appellant's challenge to the validity of his property tax bills from 2021 and 2022. The appellant, arguing pro se, had sued fiv...
UT - Contributions to diapering supplies fund allowed on tax return
Enacted Missouri legislation allows individual taxpayers to make contributions to the new Diapering Supplies Fund on individual income tax returns. (H.B. 547), Laws 2025, effective May 7, 2025, applic...
Enacted Missouri legislation allows individual taxpayers to make contributions to the new Diapering Supplies Fund on individual income tax returns. (H.B. 547), Laws 2025, effective May 7, 2025, applic...
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 - Expiration date provided for qualified equity and subordinated debt investments credit
Enacted Virginia legislation provides that the qualified equity and subordinated debt investments income tax credit expires after taxable year 2025. Previously, the credit had no expiration date. The ...
Enacted Virginia legislation provides that the qualified equity and subordinated debt investments income tax credit expires after taxable year 2025. Previously, the credit had no expiration date. The ...
WA - Fuel value for purposes of calculating tax on self-produced fuel is announced
For purposes of calculating the Washington use tax value of refinery fuel gas, the value from April 1, 2025 through June 30, 2025 is $3.70 per million Btu. The use tax rate for businesses using self-p...
For purposes of calculating the Washington use tax value of refinery fuel gas, the value from April 1, 2025 through June 30, 2025 is $3.70 per million Btu. The use tax rate for businesses using self-p...
WV - Military retirement income exemption expanded to space force
West Virginia enacted legislation that expands the personal income tax exemption for military retirement income to retired members of the U.S. Space Force. H.B. 2053, Laws 2025, effective July 11, 20...
West Virginia enacted legislation that expands the personal income tax exemption for military retirement income to retired members of the U.S. Space Force. H.B. 2053, Laws 2025, effective July 11, 20...
WI - Petition for redetermination not timely filed
The Commission dismissed a petition for review for lack of jurisdiction where the petitioner had not timely filed a petition for redetermination with the Department of Revenue. If a petition for redet...
The Commission dismissed a petition for review for lack of jurisdiction where the petitioner had not timely filed a petition for redetermination with the Department of Revenue. If a petition for redet...
WY - Order of application of property tax exemptions provided
Wyoming has enacted legislation specifying the order in which a taxpayer should apply property tax exemptions when multiple property tax exemptions apply to the same property. The legislation states t...
Wyoming has enacted legislation specifying the order in which a taxpayer should apply property tax exemptions when multiple property tax exemptions apply to the same property. The legislation states t...
The 2024 tax filing season begins Monday, January 29, 2025.
We make filing your taxes convenient for you. Please schedule your appointment virtually or visit our office for a consultation.
To go digital, please follow the steps below:
Request an Intuit link by emailing info@figueroasincometax.com or clicking on the Message Us button below.
You will receive an email with a link within 24 hours.
Follow the link to create an account and complete the steps outlined.
If you have questions, please call our main line at (310) 830-5180 and leave a message. If we cannot pick up, please be patient and ensure you leave a message. We will return your call as quickly as possible.
Thank you for your patience and understanding!
Check Your E-file Status
Our office is proud to be a certified e-file provider! We e-file 96% of client returns, striving to become a paperless agency. When you have your taxes done at our office, we electronically file your returns with the IRS immediately after obtaining your authorization signature. We will notify you if there are any issues with your tax return.
To check the status of your refund, visit the official IRS website and click on "Where's My Refund?" You will need your social security number, filing status, and the exact refund amount, which can be found in the Your Copy folder we provided.
Explore Our Website
As you browse our website, you'll find:
Background Information: Learn about our firm and the services we provide.
Informative Articles: Visit our Newsletters section for valuable insights.
Interactive Financial Calculators: Check out our Financial Tools section.
Helpful External Links: Access resources in our Links section that may interest you.
Please feel free to contact us with any questions or comments. We look forward to hearing from you!
