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

IRS Grants Relief to Taxpayers Affected by Terrorist Action in Israel; Deadlines Postponed (Notice 2025-53; IR-2025-97)
The IRS has provided relief under Code Sec. 7508A for persons determined to be affected by the terroristic action in the State of Israel throughout 2024 and 2025. Affected taxpayers have until Septe...

Applicable Terminal Charge and SIFL Rates for Determining Value of Noncommercial Flights on Employer-Provided Aircraft Issued (Rev. Rul. 2025-20)
The IRS has released the applicable terminal charge and the Standard Industry Fare Level (SIFL) mileage rate for determining the value of noncommercial flights on employer-provided aircraft in effect ...

Office of Appeals Begins Pilot Program on Mediation (IR-2025-100)
The IRS Independent Office of Appeals has launched a two-year pilot program to make Post Appeals Mediation (PAM) more attractive to taxpayers. Under the new PAM pilot, cases will be reassigned to an A...

IRS Reminds Taxpayers to Safeguard Financial Records in Emergency Plans
The IRS has reminded taxpayers that emergency readiness has gone beyond food, water and shelter. It also includes safeguarding financial and tax documents. Families and businesses should review their ...

CA - District tax rate hike in Culver City announced
The district tax rate imposed in Culver City is increased from 10.5% to 10.75% effective January 1, 2026. The new 0.25% district tax was approved by voters on August 26, 2025. The new district tax wil...

CO - Business personal property tax credit guidance updated
Colorado updated its guidance on the business personal property tax credit. The credit is available for tax years beginning before January 1, 2026. Qualifying taxpayers, including individuals, estates...

CT - The generation of electricity was not manufacturing for purposes of exemption
The generation of electricity is not manufacturing within the meaning of the statutory property tax exemption for machinery and equipment used in manufacturing. The term "machinery and equipment" is...

DE - Split rate taxation based on property classification upheld
The Supreme Court of Delaware upheld the constitutionality of a law that allows New Castle County school districts to implement temporary split-rate property tax assessments based on residential and n...

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 - Interest rate for first half of 2026 announced
The interest rate on deficiencies (underpayments), late payments, and overpayments of tax is 11% effective January 1, 2026, through June 30, 2026.Application of TaxInterest applies to the following ta...

GA - Qualified timberland program guidance released
For Georgia property tax purposes, the Department of Revenue issued the 2026 Qualified Timberland Property Appraisal Manual. Qualified Timberland Property Appraisal Manual 2026, Georgia Department of...

HI - Aircraft part sales proceeds were not exempt amounts from servicing and maintenance
An aircraft manufacturer's sales of parts to an airline, which the airline used to service and maintain its aircraft, were taxable sales subject to Hawaii general excise tax and did not qualify for th...

MA - New rule for apprentice tax credit issued
A newly issued regulation outlines personal income and corporate income tax rules for the Massachusetts Apprentice Tax Credit. The rule clarifies relevant definitions, limitations and special rules ap...

MN - Guidance for chiropractors updated
Minnesota updated its guidance on sales and use tax issues for chiropractors. Generally, most chiropractic services are not taxable. However, sales of some services and products are taxable. Purchases...

MT - Revision of reported wages affirmed
The Montana Tax Appeal Board affirmed the Department of Revenue's adjustment to the taxpayer’s 2023 personal income tax liability, concluding the agency acted within its legal authority to revise th...

NJ - Casino licensee CBT guidance issued
New Jersey has summarized casino licensee obligations under the Corporation Business Tax (CBT), compiled existing guidance, and provided references to relevant publications and rules. The guidance cov...

NY - 2026 withholding tables released
Updated New York State, New York City, and Yonkers publications containing withholding tables and methods have been released for 2026.The revised state schedules reflect certain rate reductions enacte...

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 reminds taxpayers of changes
Philadelphia reminds taxpayers about upcoming changes to its:business income and receipts tax (BIRT);property tax;use & occupancy tax; andwage, school income, and earnings tax.Exemption Eliminatio...

TX - Refund Claim Denied Due To Improper Extension Payment
The Texas Comptroller held that a taxpayer's Texas franchise tax refund claim was barred by the statute of limitations. The taxpayer filed the necessary extension request by the appropriate deadline, ...

VT - 2026 interest rate announced
The Vermont annual interest rate for the overpayment and underpayment of tax liabilities for the 2026 calendar year is 7.75%. This rate is effective January 1, 2026, and applies to interest that accru...

VA - City of Richmond enacts disposable plastic bag tax
Effective January 1, 2026, the city of Richmond adopts the Virginia disposable plastic bag tax. The tax is imposed at the rate of 5 cents on each disposable plastic bag provided to shoppers in local g...

WA - Interim guidance on live presentations updated
The Washington Department of Revenue has updated its interim guidance on the taxability of live presentations for schools and institutions of higher education. Charges by institutions of higher educat...

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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