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Tax Alerts
Tax Briefing(s)
2024 Tax Year in Review2024 Post-Election Tax Policy Update2024 Post-Filing Season UpdateInflation Reduction Act of 2022SECURE Act 2.0
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...
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...
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...
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...
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...
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, ...
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 ...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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, ...
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 ...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...

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