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One Big Beautiful Bill Act (Signed Into Law July 4, 2025)2025 Post-Filing Season Update 2024 Post-Election Tax Policy Update 2019 Year-End Tax Planning

IRS Warns Tax Professionals of Rising Phishing Threats, Urges Vigilance (IR-2025-75)
The IRS has issued a warning to tax professionals regarding a rise in phishing emails and cyber threats aimed at stealing sensitive taxpayer data. This alert has been released as part of the second in...

IRS, Security Summit Starts Summer Series To Fight Tax-Related Identity Theft Threats (IR-2025-73)
The IRS and Security Summit partners launched the summer Protect Your Clients; Protect Yourself campaign on July 1, alongside the Nationwide Tax Forum. The five-week campaign provides biweekly ti...

IRS Issues Tips to Help Individuals Identify Scams
The IRS has issued updated guidance to help individuals recognize legitimate communication from the agency and avoid falling victim to scams. As reports of fraud through emails, texts, social media an...

IRS Provides Indexing Adjustments for Applicable Dollar Amounts (Rev. Proc. 2025-26)
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). Thi...

CA - Guidance provided for IRC sec. 355 transactions when DISA balance is attributable to distributed stock
The California Franchise Tax Board has issued guidance on how a Deferred Intercompany Stock Account (DISA) balance affects basis and income recognition when stock is distributed to shareholders in a n...

CO - Electric bicycle credit guidance updated
The Colorado Department of Revenue updated its electric bicycle credit guidance to add additional information relating to registration, new qualified electric bicycles, report due dates, reporting ret...

CT - Changes in economic development-related statutes enacted
Legislation is enacted that makes changes in economic development-related statutes:effective July 1, 2025, and applicable to income and taxable years commencing on or after January 1, 2025, allows a s...

DE - Refunds required for overpayments of $50 or more
Delaware legislation requires a refund of county taxes, including local school taxes, if an assessment appeal results in:the reduction in the assessed value of real property; andthe total overpayment ...

DC - Tiered rates established for vacant and blighted properties, credit enacted
The District of Columbia has enacted changes impacting property taxes. Among the changes are:establishes the authority to allow payment plans for delinquent property taxes;amends the factors for estab...

FL - Guidance provided on repeal of tax on commercial rentals
Legislation enacted this year and made effective October 1, 2025, repeals the Florida sales tax imposed on rent or license fees for the use of real property (commercial rentals).Sales Tax on Commercia...

GA - Regulation on state hotel-motel fee updated
Georgia amended the regulation regarding the state hotel-motel fee including several substantive changes. One of the most notable updates is the broadened definition of "Accommodation," which now ex...

HI - October filing extension deadline confirmed
The Hawaii Department of Taxation confirmed that the state individual income tax return filing extension deadline for the 2024 tax year is October 21, 2025. While form instructions may list the deadli...

MA - Payment and notice timelines adjusted
Massachusetts enacted two timeline changes in its amendments to existing statutes. For motor vehicle excise tax procedures, the previous 14-day window for payment following issuance of a tax notice is...

MN - 2025 individual income and corporate franchise tax changes highlighted
Minnesota released a legislative bulletin highlighting 2025 individual income and corporation franchise tax changes. The highlights include changes to tax credits, subtractions, and refund provisions....

MT - Governor sends reminder about property tax relief
Montana Gov. Greg Gianforte reminded Montana homeowners about new tax rates and property tax rebates. Between August 15 and October 1, 2025, eligible Montana homeowners may claim a property tax rebate...

NJ - Cultural arts institutions credit amended
New Jersey has amended Cultural Arts Incentives Program, allowing broader eligibility for tax credits.The law amends the definition of a "cultural arts institution" to include any nonprofit operatin...

NY - Imposition of gross receipts tax preempted by ITFA
In a New York case involving a company that provided various services, such as fiber broadband aggregation and access, the Tax Appeals Tribunal held that the gross receipts tax imposed under Tax Law S...

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 - Philadelphia clarifies BIRT transition for small businesses
Philadelphia has clarified its Business Income and Receipts Tax policy following the elimination of a $100,000 exemption beginning in 2025. Businesses newly subject to the tax are treated as "new busi...

TX - Telehealth services
The Texas Comptroller issued a private letter ruling stating that a taxpayer’s telehealth services are not subject to sales and use tax. The telehealth services are provided in a bundle that include...

VT - Failure to notify taxpayer's counsel did not violate due process
The Vermont Supreme Court reversed a lower court's holding that a town failed to satisfy due process by not mailing notice of a property tax decision to both the taxpayer and the taxpayer's counsel. A...

VA - Reminder issued on upcoming sales tax holiday
The Virginia Department of Taxation issued a reminder about the sales tax holiday being held from August 1 through August 3, 2025. During the holiday period, consumers can buy the following qualifying...

WA - Manufacturer that deviated from facts contained in letter ruling could not rely on it to evade liability
A manufacturer and seller of medical imaging devices could not rely on a Department of Revenue letter ruling to provide safe harbor from manufacturing business and occupation (B&O) tax liability b...

WY - Local tax rate changes announced
Wyoming has issued a revised overview of changes in local tax rates effective July 1, 2025, for sales, use, and lodging taxes across various localities. The only change from the chart issued April 1, ...

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