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2025 Tax Year-in-Review 2025 Year-End Tax Planning One Big Beautiful Bill Act (Signed Into Law July 4, 2025)2019 Year-End Tax Planning

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...

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...

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 Outlines Key Steps for 2026 Filing Season Readiness
The IRS has issued guidance urging taxpayers to take several important steps in advance of the 2026 federal tax filing season, which opens on January 26. Individuals are encouraged to create or access...

IRS Confirms Supplemental Military Housing Payments Are Not Taxable (IR 2026-09)
The IRS has confirmed that supplemental housing payments issued to members of the uniformed services in December 2025 are not subject to federal income tax. These payments, classified as “qualified ...

IRS Announces New Digital Form 211 for Whistleblower Submissions (IR 2025-123)
The IRS announced that its Whistleblower Office has launched a new digital Form 211 to make reporting tax noncompliance faster and easier. Further, the electronic option allows individuals to submit i...

IRS Highlights Taxpayer Rights Under the Taxpayer Bill of Rights
The IRS has reminded taxpayers about the legal protections afforded by the Taxpayer Bill of Rights. Organized into 10 categories, these rights ensure taxpayers can engage with the IRS confidently and...

FinCEN Postpones Investment Adviser Rule Until 2028 (FinCEN Final Rule RIN 1506-AB58 and 1506-AB69)
The Financial Crimes Enforcement Network (FinCEN) has amended the Anti-Money Laundering/Countering the Financing of Terrorism (AML/CFT) Program and Suspicious Activity Report (SAR) Filing Requirements...

CA - FTB provides information on tax law changes and more
In its March edition of Tax News, the California Franchise Tax Board (FTB) provides information on:preparing for tax season;2025 tax law changes;summaries of federal income tax changes;the last applic...

CO - Partnership audit adjustment guidance provided
Colorado issued guidance on the state income tax requirements relating to final federal adjustments resulting from an Internal Revenue Service audit of a partnership. The guidance outlines requirement...

CT - CIGA members must pay portion of their refunded assessments to department
Members insurers of the Connecticut Insurance Guaranty Association (CIGA) are notified that, on or before February 23, 2026, the member insurer must pay a portion of their recently refunded assessment...

DE - Film credit, increase in cigarette and tobacco taxes proposed
Delaware Gov. Matt Meyer delivered a presentation for his fiscal year 2027 budget that includes proposals to increase taxes on cigarettes and other tobacco products and to establish a film tax credit....

DC - District AG opinion affirms nonconformity legislation
The District of Columbia Attorney General issued an opinion on personal and corporate income tax liabilities for tax year 2025. The opinion states that House Joint Resolution 142, disapproving of Emer...

FL - Guidance provided on registration for natural gas fuel taxes and exemptions
Guidance is provided regarding registration for natural gas fuel taxes and applicable exemptions.RegistrationA natural gas fuel retailer and any business that uses natural gas fuel in a motor vehicle ...

GA - County tax rate changes announced for Q2
Multiple Georgia counties have sales and use tax rate change that take effect on April 1, 2026.The following county will have a rate of 7%:– Cherokee.The following counties will have a rate of 8%:�...

HI - New process for pre-certification of tax exemption for rental income from affordable housing
Hawaii has a new process for pre-certification of the general excise tax (GET) exemption for rental income from the leasing of affordable housing units. Pre-certification is an optional process that w...

MA - Penalties for advance payments may be waived
Massachusetts has issued a revised regulation concerning advance payments for sales and use tax and room occupancy excise. The updated regulation includes provisions for the waiver or abatement of pen...

MN - Photography industry guidance updated
Minnesota updated its guidance providing sales and use tax information for the photography industry. The guidance addresses taxable and nontaxable photography services and products, taxability and rat...

MT - Governor discusses tax cut priorities
Montana Gov. Greg Gianforte has discussed his priorities for the upcoming 2027 legislative session, emphasizing his commitment to moving Montana to a flat income tax. Gov. Gianforte noted that despite...

NJ - Investment income taxability guidance updated
New Jersey has updated its guidance explaining how to report taxable and tax-exempt interest income on New Jersey gross (personal) income tax returns. The bulletin provides a list of obligations that ...

NY - Interest rates for second quarter of 2026 announced
The interest rates on overpayments and underpayments of New York taxes for the period April 1 through June 30, 2026, have been announced. Interest Rates, New York Department of Taxation and Finance, M...

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...

PA - Tax assessment on complimentary rooms not authorized
The Commonwealth Court of Pennsylvania affirmed the decision of the trial court, holding that a casino resort is not obligated to pay hotel room rental tax on complimentary rooms provided to patrons. ...

TX - Updated R&D credit information
Texas updated its guidance regarding the research and development (R&D) credit available under the Texas franchise tax. The guidance indicates that the R&D credit available prior to January 1,...

VT - 2026 withholding tables released
Vermont has released its 2026 income tax withholding instructions, tables, and charts. Among other topics, the instructions discuss how Vermont income tax withholding is calculated, adjustments for se...

VA - Nonprofit organization properly denied tax exemption for office condominium it owned
The Court of Appeals of Virginia affirmed a trial court’s ruling that a nonprofit organization was not entitled to a real property tax exemption for a two-unit office condominium that it owned. Init...

WA - Rule on taxation of watercraft updated
The Washington Deparmtent of Revenue has updated its excise tax rule on watercraft in order to reflect recently enacted legislation. A nonresident-owned vessel may apply for a permit that exempts it f...

WY - Tax guidance updated for federal facility deliveries, nicotine pouches
In its quarterly newsletter, the Wyoming Department of Revenue noted that it has changed its position regarding the taxability of tangible personal property delivered to federal facilities. It will no...

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