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The IRS has reminded taxpayers of their tax responsibilities, including if they’re required to file a tax return. Generally, most U.S. citizens and permanent residents who work in the United St...
The IRS has offered a checklist of reminders for taxpayers as they prepare to file their 2022 tax returns. Following are some steps that will make tax preparation smoother for taxpayers in 2023:Gather...
The IRS has reminded taxpayers that they must report all digital asset-related income when they file their 2022 federal income tax return, as they did for fiscal year 2021. The term "digital assets"Â...
The IRS has issued a guidance which sets forth a proposed revenue procedure that establishes the Service Industry Tip Compliance Agreement (SITCA) program, a voluntary tip reporting program offered to...
Alabama corporate and personal income taxpayers residing in areas designated as disaster areas by the federal government have now until October 16, 2023, to file tax returns and make tax payments due ...
The Alaska Department of Revenue adopted changes to regulations concerning the Fisheries Product Development Tax Credit. The adopted regulations add new language for establishing the method for calcul...
Arizona issued guidance for personal income taxpayers on preparing for 2023 tax season and tips for a seamless tax filing. The guidance, among other information, discusses:filing requirements for full...
The 0.5% excise tax levied in Arkansas Constitution, Amendment 101, is not subject to the partial sales and use tax refund for the replacement and repair of certain manufacturing machinery and equipme...
The California Franchise Tax Board has encouraged tax professional partners to prudently establish or renew their Tax Information Authorization (TIA) or Power of Attorney (POA) relationships with thei...
The Colorado Department of Revenue has issued answers to frequently asked questions (FAQs) on the alternative transportation options tax credit that qualifying employers may claim against their corpor...
Connecticut Gov. Ned Lamont held a press conference to discuss his childcare proposals in the state budget, including a corporation business tax credit for employers that:provide assistance to their e...
Delaware has announced that the hazardous substance cleanup tax rate for 2023 is 0.8389%. The new tax rate goes into effect on January 1, 2023, and applies to the taxable gross receipts from the sale ...
The District of Columbia has issued some guidance on the temporary rate increase on the gross receipts for transient lodgings or accommodations. The increased additional tax rate of 1.3% is effective ...
Florida Gov. Ron DeSantis, along with Senate President Kathleen Passidomo and House Speaker Paul Renner, have announced their intent to pass sales and use, motor fuel, and other fuel tax relief under ...
Georgia has corrected and reissued the latest local sales and use rate change announcment. The rates are effective April 1, 2023.County Tax Rate ChangesCalhoun will have an LEST2 tax rate of 8%.Glynn ...
The Hawaii Department of Taxation has issued a news release informing personal income taxpayers that the filing deadline for state income tax returns is April 20, 2023. The federal filing deadline for...
For corporate and personal income tax purposes, Idaho clarified that its tax rebates are non taxable. On February 10, 2023, the IRS announced that taxpayers who received Idaho’s tax rebates are not ...
The final Grundy County equalization factor (multiplier) for Illinois property tax purposes has been set for 2022 at 1.0000. The final 2021 multiplier was also 1.0000. Release, Illinois Department of ...
Indiana budget legislation includes a provision to reduce the personal income tax rate to 2.9% by 2026 and eliminate existing rate reduction trigger provisions. The bill has passed the Indiana House a...
The Iowa Department of Revenue has released new tax guidance regarding the electric fuel excise tax which takes effect July 1, 2023. In 2019, the Iowa legislature enacted H.F. 767 to create a new exci...
The Kansas DOR announces the local sales and use tax rate changes below for the quarter beginning April 1, 2023. In addition,as of January 1, 2023, the state tax rate on food and food ingredients has ...
Kentucky in its recent sales tax facts sheet discusses residential utility exemption, among other topics.The facts sheet discusses:Tax changes enacted by the General Assembly, through House Bill (HB)8...
The Louisiana Department of Revenue adopted regulations implementing the mobile workforce exemption. The Louisiana Legislature previously established this exemption, effective beginning in 2022. The e...
Maine Revenue Services clarified the amount of personal exemptions certain taxpayers should take on their Maine personal income tax returns. This is after an error was discovered in the 2022 Form 1040...
The Maryland Comptroller has issued a list of tangible personal property and services subject to sales and use tax. List of Tangible Personal Property and Services Subject to Sales and Use Tax, Maryla...
The interest rates on the underpayment and overpayment of Massachusetts taxes are unchanged for the period April 1, 2023, through June 30, 2023.The rate for overpayments is 6%.The rate for underpaymen...
The city of Detroit personal income taxpayers can now pay by eCheck or debit or credit card their estimated payments, annual return payments, proposed tax due payments, 10-day demand payments, assessm...
The Minnesota Department of Revenue announced that it updated its guidance regarding sales tax liability relief for marketplace providers. Sales Tax for Marketplace Providers, Minnesota Department of ...
Mississippi amended its income tax laws to disallow deductions for medical expenses for gender transition procedures otherwise allowed by federal law. H.B. 1125, Laws 2023, effective February 28, 2023...
The Missouri Department of Revenue (department) has begun accepting electronically filed state tax returns for tax year 2022 from January 23, 2023 onwards.Personal income taxpayers may qualify for fre...
Montana Gov. Greg Gianforte gave his second State of the State Address, and laid out his priorities for the 2023 legislative session. In addition to areas such as education, economic development, and ...
The Nebraska Department of Revenue has announced the following local sales and use tax rate changes effective July 1, 2023:The village of Trenton will start a local sales and use tax rate of 1.5%.The ...
Nevada has revised its regulations concerning transferable tax credits available for film and other qualified productions. Among other changes, the revised regulations set forth the requirements for c...
In his 2023 Budget Address, New Hampshire Governor Chris Sununu said he will recommend elimination of the 7% Consumer Communications Services Tax. 2023 Budget Address,Gov. Chris Sununu, February 14, 2...
New Jersey has updated its guidance regarding the taxation of income from partnerships for purposes of the gross (personal) income tax. The updated bulletin explains, among other information, essentia...
The interest rate charged on an underpayment or paid on an overpayment of New Mexico tax will remain at 7% for the second quarter of 2023. The rates can be viewed on the New Mexico Department of Reven...
The New York State Division of Taxation properly disallowed a taxpayer’s claim for credit or refund of personal income tax for the year 2016, because the claim was untimely filed beyond the limitati...
The North Carolina Department of Revenue has issued a personal income tax bulletin to reflect the changes made in the 2022 regular session of the North Carolina General Assembly. The bulletin presents...
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...
Ohio has released the petroleum activity tax (PAT) statewide average wholesale prices for the second quarter of 2023.The average prices per gallon for the second quarter are:$2.370 for unleaded regula...
In his 2023 State of the State Address, Oklahoma Gov. Kevin Stitt proposed to reduce the personal income tax rate to 3.99%. In addition, he proposed to eliminate the state sales tax on groceries. Stat...
The Oregon Senate passed a bill that would update the state's income tax Internal Revenue Code conformity date to December 31, 2022. The bill now goes to the Oregon House. S.B. 141, as passed by the O...
A master electrician and home improvement contractor (taxpayer) was not entitled to a review of delinquent business income and receipts tax (BIRT) and net profit tax (NPT) assessed by the Philadelphia...
The Rhode Island Division of Taxation has issued a notice regarding income tax obligations of limited liability companies (LLCs). Both multi-member and single-member LLCs are required to file an annua...
From April 1, 2023 through June 30, 2023, the South Carolina interest rate on underpayments of taxes remains 7%. The refund rate for overpayments is 4%. Information Letter 23-2, South Carolina Departm...
South Dakota is now authorized to impose and collect alternative fuel taxes within the state's IFTA agreement. Currently, South Dakota only includes diesel fuel and diesel blends in it's ITFA collecti...
Although Tennessee decoupled from IRC §250 for purposes of global intangible low-taxed income (GILTI), the Department of Revenue announced that the state has not decoupled for purposes of the foreign...
The Texas Comptroller of Public Accounts has determined the average taxable price of crude oil for the reporting period January 2023 is $54.70 per barrel for the three-month period beginning on Octobe...
The Utah Legislature has approved a bill that would cut the state income tax rate from 4.85% to 4.65%. The tax rate cut is one of several tax provisions in the bill. If signed by the governor, the tax...
For Vermont property tax purposes, the Supreme Court affirmed the Superior Court’s grant of summary judgment to the town because the property owner’s action was time-barred by the one-year statute...
A recycling facility operator's protest against Business Tangible Personal Property (BTPP) Tax assessment was denied as it was unclear from the information provided to the Virginia Tax Commissioner (c...
An asphalt manufacturer was not permitted to challenge the department's use tax reporting instructions pursuant to the Administrative Procedure Act (APA) because it was required to follow the procedur...
The West Virginia Senate passed legislation with amendments that would lower personal income tax rates and make other tax changes. West Virginia Gov. Jim Justice announced that the legislature reached...
In a Wisconsin corporate franchise tax case involving a corporation that claimed deductions for royalties paid to an affiliate for the use of certain intellectual property, it was proper for the Depar...
The Wyoming Department of Revenue and county treasurers may provide an option for sales and use tax returns and payments to be submitted electronically. Ch. 123 (H.B. 229), Laws 2023, effective July 1...
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