Tax Alerts
Tax Briefing(s)
2022 Tax Year-In-ReviewConsolidated Appropriations Act, 2023Inflation Reduction Act of 2022, Signed Aug. 16
Inflation Reduction Act Triggers Numerous Tax Form Changes
The passage of the Inflation Reduction Act in 2022 has triggered changes to many tax forms, tax form instructions, and other publications prior to the start of the 2023 tax filing season.According to ...
The passage of the Inflation Reduction Act in 2022 has triggered changes to many tax forms, tax form instructions, and other publications prior to the start of the 2023 tax filing season.According to ...
IRS Reminds Taxpayers to Check Tax Withholding Now to Avoid Paying Future Quarterly Estimated Payments, FS-2023-1; IR-2023-10
The IRS reminded taxpayers who earn wages to use the Tax Withholding Estimator tool to adjust their 2023 withholding. Checking now and making necessary adjustments early in the year may help taxpaye...
The IRS reminded taxpayers who earn wages to use the Tax Withholding Estimator tool to adjust their 2023 withholding. Checking now and making necessary adjustments early in the year may help taxpaye...
2023 Standard Mileage Rates Released, Notice 2023-3
The IRS released the optional standard mileage rates for 2023. Most taxpayers may use these rates to compute deductible costs of operating vehicles for business, medical, and charitable purposes. Some...
The IRS released the optional standard mileage rates for 2023. Most taxpayers may use these rates to compute deductible costs of operating vehicles for business, medical, and charitable purposes. Some...
FAQs Released on Energy Efficient Home Improvements and Residential Clean Energy Property Credits, FS-2022-40
The IRS has released frequently asked questions (FAQs) about energy efficient home improvements and residential clean energy property credits. The Inflation Reduction Act of 2022 (IRA) amended the cre...
The IRS has released frequently asked questions (FAQs) about energy efficient home improvements and residential clean energy property credits. The Inflation Reduction Act of 2022 (IRA) amended the cre...
IRS, DOL Renew Employee Misclassification Memorandum of Understanding
The Internal Revenue Service and the U.S. Department of Labor announced they have renewed a memorandum of understanding (MOU) under which the two agencies will continue to work together to combat empl...
The Internal Revenue Service and the U.S. Department of Labor announced they have renewed a memorandum of understanding (MOU) under which the two agencies will continue to work together to combat empl...
Transitional Guidance on Broker Digital Asset Reporting Provided, Announcement 2023-2
The Treasury Department and IRS have announced that brokers are not required to report additional information with respect to dispositions of digital assets until final regulations are issued under C...
The Treasury Department and IRS have announced that brokers are not required to report additional information with respect to dispositions of digital assets until final regulations are issued under C...
IRS Completes Final Corrections on 2020 Unemployment Compensation Tax Payments, IR-2023-2
The IRS recently completed the final corrections of tax year 2020 accounts for taxpayers who overpaid their taxes on unemployment compensation received in 2020. This resulted in nearly 12 million ...
The IRS recently completed the final corrections of tax year 2020 accounts for taxpayers who overpaid their taxes on unemployment compensation received in 2020. This resulted in nearly 12 million ...
AL - Assessment voided because taxpayers were domiciled in another state
A married couple was not subject to Alabama personal income tax because they were living in Alabama solely due to the husband’s military assignment and they intended to return to Texas, their legal ...
A married couple was not subject to Alabama personal income tax because they were living in Alabama solely due to the husband’s military assignment and they intended to return to Texas, their legal ...
AZ - Governor calls for child tax credit and sales tax exemptions
The Arizona Department of Revenue has announced a local transaction privilege tax (TPT) rate change.PrescottEffective January 1, 2023, the TPT decreased to 2% (previously, 2.75%). TPT Newsletter, Depa...
The Arizona Department of Revenue has announced a local transaction privilege tax (TPT) rate change.PrescottEffective January 1, 2023, the TPT decreased to 2% (previously, 2.75%). TPT Newsletter, Depa...
AR - Purchase of decals did not qualify for sale-for-resale exemption
A commercial ice machine cleaner’s (taxpayer’s) purchase of decals from its vendor did not qualify for the sale-for-resale exemption from Arkansas sales and use tax, because the taxpayer was not r...
A commercial ice machine cleaner’s (taxpayer’s) purchase of decals from its vendor did not qualify for the sale-for-resale exemption from Arkansas sales and use tax, because the taxpayer was not r...
CA - Guidance on foster youth tax credit issued
California has issued guidance on the Foster Youth Tax Credit (FYTC), which provides up to $1,083 per eligible individual or up to $2,166 if both the primary taxpayer and spouse/RDP qualify, for tax y...
California has issued guidance on the Foster Youth Tax Credit (FYTC), which provides up to $1,083 per eligible individual or up to $2,166 if both the primary taxpayer and spouse/RDP qualify, for tax y...
CO - Rules regarding return filing and payment adopted
Colorado recently adopted the following three rules regarding return filing and payment:Rule 39-21-119 removing certain provisions regarding electronic filing and payment;Rule 39-21-119.5 clarifying r...
Colorado recently adopted the following three rules regarding return filing and payment:Rule 39-21-119 removing certain provisions regarding electronic filing and payment;Rule 39-21-119.5 clarifying r...
DC - Lodging additional tax rate temporarily increased
The District of Columbia has enacted legislation that increases the additional tax rate on gross receipts for transient lodgings and accommodations.New Temporary Additional Tax RateThe additional tax ...
The District of Columbia has enacted legislation that increases the additional tax rate on gross receipts for transient lodgings and accommodations.New Temporary Additional Tax RateThe additional tax ...
FL - Additional guidance issued on tax relief for property made uninhabitable by Hurricanes Ian or Nicole
The Florida Department of Revenue has issued additional guidance regarding property tax relief for residential properties rendered uninhabitable for 30 days or more due to Hurricanes Ian or Nicole. Th...
The Florida Department of Revenue has issued additional guidance regarding property tax relief for residential properties rendered uninhabitable for 30 days or more due to Hurricanes Ian or Nicole. Th...
GA - PTE tax FAQ's released
Georgia has released pass-through entity (PTE) tax frequently asked questions (FAQs). For taxable years beginning on or after January 1, 2022, S-Corporations and Partnerships may annually make an irre...
Georgia has released pass-through entity (PTE) tax frequently asked questions (FAQs). For taxable years beginning on or after January 1, 2022, S-Corporations and Partnerships may annually make an irre...
ID - Governor highlights Idaho first plan
Idaho Gov. Brad Little delivered his 2023 State of the State and Budget Address discussing "Idaho First" plan by highlighting:the budget of $120 million to defray local property taxesincome tax reduct...
Idaho Gov. Brad Little delivered his 2023 State of the State and Budget Address discussing "Idaho First" plan by highlighting:the budget of $120 million to defray local property taxesincome tax reduct...
IL - Forms W-2, W-2c, W-2G, and 1099 filing and storage requirements updated
Illinois updated its personal income tax withholding publication on Forms W-2, W-2c, W-2G, and 1099 filing and storage requirements, including 1099-K electronic filing requirements, for employers and ...
Illinois updated its personal income tax withholding publication on Forms W-2, W-2c, W-2G, and 1099 filing and storage requirements, including 1099-K electronic filing requirements, for employers and ...
IN - February 2023 gasoline use tax rate announced
The Indiana gasoline use tax rate for the month of February 2023 is $0.172 per gallon. Departmental Notice #2, Indiana Department of Revenue, February 2023...
The Indiana gasoline use tax rate for the month of February 2023 is $0.172 per gallon. Departmental Notice #2, Indiana Department of Revenue, February 2023...
KS - Guidance on SALT parity act issued
Kansas issued guidance on the state's SALT Parity Act ( the legislation is previously covered here, which provides certain pass-through entities (PTE) with the option of paying state income taxes at t...
Kansas issued guidance on the state's SALT Parity Act ( the legislation is previously covered here, which provides certain pass-through entities (PTE) with the option of paying state income taxes at t...
KY - Aluminum manufacturer’s purchases of TPP qualified as tax-exempt supplies, not taxable repair parts
An aluminum manufacturer (taxpayer) was entitled to refunds of Kentucky sales and use tax on purchases of certain tangible personal property (TPP) because the items qualified as tax-exempt supplies, a...
An aluminum manufacturer (taxpayer) was entitled to refunds of Kentucky sales and use tax on purchases of certain tangible personal property (TPP) because the items qualified as tax-exempt supplies, a...
LA - Petition properly denied as untimely
A hotel operator’s (taxpayer’s) petition to recover Louisiana sales and use taxes paid under protest was properly dismissed because it was untimely filed. In this matter, the Department of Revenue...
A hotel operator’s (taxpayer’s) petition to recover Louisiana sales and use taxes paid under protest was properly dismissed because it was untimely filed. In this matter, the Department of Revenue...
ME - Employment tax increment financing rule amended
The Maine Department of Economic and Community Development has amended the rule regarding the Employment Tax Increment Financing incentive. This law reimburses employers who create qualified new jobs ...
The Maine Department of Economic and Community Development has amended the rule regarding the Employment Tax Increment Financing incentive. This law reimburses employers who create qualified new jobs ...
MD - 2023 local income tax rates released
Maryland issued 2023 local income tax rates.Generally, Maryland's 23 counties and Baltimore City levy a local income tax which the Comptroller of Maryland collect on the state income tax return as a c...
Maryland issued 2023 local income tax rates.Generally, Maryland's 23 counties and Baltimore City levy a local income tax which the Comptroller of Maryland collect on the state income tax return as a c...
MA - Provisions included in fiscal year 2023 budget explained
The Massachusetts Department of Revenue issued an information release explaining the provisions included in the Fiscal Year 2023 Budget, pursuant to which Massachusetts personal income tax will confor...
The Massachusetts Department of Revenue issued an information release explaining the provisions included in the Fiscal Year 2023 Budget, pursuant to which Massachusetts personal income tax will confor...
MI - Taxpayer could not carry forward losses calculated under MBT to return filed under CIT
A corporate taxpayer transitioning from the Michigan business tax (MBT) to the corporate income tax (CIT) for tax year 2019 could not carry forward prior losses calculated and submitted under the MBT ...
A corporate taxpayer transitioning from the Michigan business tax (MBT) to the corporate income tax (CIT) for tax year 2019 could not carry forward prior losses calculated and submitted under the MBT ...
MN - Taxability of post-9/11 veteran service bonus discussed
Minnesota issued guidance stating that the distribution of the Post-9/11 Veteran Service Bonus by the Minnesota Department of Veterans Affairs is not subject to Minnesota personal income tax, but that...
Minnesota issued guidance stating that the distribution of the Post-9/11 Veteran Service Bonus by the Minnesota Department of Veterans Affairs is not subject to Minnesota personal income tax, but that...
MO - Governor proposes child care tax credits in state of the state address
In his 2023 State of the State Address, Missouri Gov. Mike Parson proposed three new child care tax credit programs:a child care contribution tax credit, to encourage contributions to child care provi...
In his 2023 State of the State Address, Missouri Gov. Mike Parson proposed three new child care tax credit programs:a child care contribution tax credit, to encourage contributions to child care provi...
NJ - Deadline to apply for ANCHOR property tax relief program extended
New Jersey Governor Phil Murphy has announced that the state is extending the application deadline for the new ANCHOR (Affordable New Jersey Communities for Homeowners and Renters) Property Tax Relief...
New Jersey Governor Phil Murphy has announced that the state is extending the application deadline for the new ANCHOR (Affordable New Jersey Communities for Homeowners and Renters) Property Tax Relief...
NC - Update on 2022 business income filing season issued
The North Carolina Department of Revenue has issued a bulletin informing corporate income and franchise, partnership, and estates and trusts filers that the department will not begin processing electr...
The North Carolina Department of Revenue has issued a bulletin informing corporate income and franchise, partnership, and estates and trusts filers that the department will not begin processing electr...
ND - Governor's budget proposal includes tax relief
North Dakota Gov. Doug Burgum has proposed a 2023-25 budget that would eliminate the state individual income tax for three out of five taxpayers. Under the proposal, those still paying the tax would h...
North Dakota Gov. Doug Burgum has proposed a 2023-25 budget that would eliminate the state individual income tax for three out of five taxpayers. Under the proposal, those still paying the tax would h...
OH - PTE tax update released
Ohio has released a pass-through entity (PTE) tax updated or electing entities. Among the topics covered in the update are:additional FAQ's have been posted;the final Form IT 4738, Electing Pass-Throu...
Ohio has released a pass-through entity (PTE) tax updated or electing entities. Among the topics covered in the update are:additional FAQ's have been posted;the final Form IT 4738, Electing Pass-Throu...
OK - Governor discusses plans to reduce taxes
In his second inaugural address, Oklahoma Gov. Stitt highlights his plans for reducing taxes over the next four years. Among other topics, the address highlighted Gov. Stitt's plan to reduce spending ...
In his second inaugural address, Oklahoma Gov. Stitt highlights his plans for reducing taxes over the next four years. Among other topics, the address highlighted Gov. Stitt's plan to reduce spending ...
PA - Rebate program applications now available
Application forms for the Pennsylvania Department of Revenue (DOR) Property Tax/Rent Rebate Program are now available for eligible residents to begin claiming on property taxes or rent paid in 2022. P...
Application forms for the Pennsylvania Department of Revenue (DOR) Property Tax/Rent Rebate Program are now available for eligible residents to begin claiming on property taxes or rent paid in 2022. P...
RI - Inflation-adjusted amounts set for tax year 2023
Rhode Island has released the personal income tax rate schedules, the tax rate schedules for trusts and estates, standard deduction amounts, and personal exemption amounts for the 2023 tax year. Addit...
Rhode Island has released the personal income tax rate schedules, the tax rate schedules for trusts and estates, standard deduction amounts, and personal exemption amounts for the 2023 tax year. Addit...
WA - Rules on forest land values and timber excise tax updated
Washington’s rule on timber excise tax has been amended to update stumpage values for the first half of 2023. The rule on forest land values has also been updated to reflect the values used in 2023 ...
Washington’s rule on timber excise tax has been amended to update stumpage values for the first half of 2023. The rule on forest land values has also been updated to reflect the values used in 2023 ...
WV - House passes rate cut legislation
The West Virginia House of Delegates passed legislation that would cut personal income tax rates in half by the 2025 tax year. H.B. 2526, as passed by the West Virginia House of Delegates on January 1...
The West Virginia House of Delegates passed legislation that would cut personal income tax rates in half by the 2025 tax year. H.B. 2526, as passed by the West Virginia House of Delegates on January 1...
WI - Tax treatment of military personnel and veterans discussed
Wisconsin issued a personal income tax publication providing information on the state's tax treatment of income, deductions, and credits available for military personnel and veterans. The publication ...
Wisconsin issued a personal income tax publication providing information on the state's tax treatment of income, deductions, and credits available for military personnel and veterans. The publication ...
WY - Assessment on purchase of fracking and water transportation services affirmed in part
The Wyoming State Board of Equalization (board) affirmed the Department of Revenue’s (department’s) assessment of sales tax on a taxpayer’s purchase of fracking services, but it reversed the ass...
The Wyoming State Board of Equalization (board) affirmed the Department of Revenue’s (department’s) assessment of sales tax on a taxpayer’s purchase of fracking services, but it reversed the ass...