Tax News Highlights
Each issue features information on the latest tax developments in an easy-to-scan format to help you keep pace with valuable federal, state and local, and international tax updates.
Recent updates
The tax and budget bill passes the House and moves to the president, bringing certainty for taxpayers waiting for the significant tax law changes.
The recently introduced bipartisan College SPORTS Act aims to establish a national NIL framework that includes protections for student-athletes.
The tax and budget bill continues to move forward as the Senate passes its version with significant changes and the bill returns to the House.
Illinois’ FY 2026 budget launches tax amnesty, offering penalty relief to help businesses resolve past tax liabilities.
Illinois enacts H.B. 2755 with key tax changes; businesses should review GILTI, sourcing rules, new credits, and penalties for impact.
Senator Wyden proposes major partnership tax reforms, aiming to change how and when partners recognize income and adjust their basis.
The tax and budget bill passes the House and moves to the president, bringing certainty for taxpayers waiting for the significant tax law changes.
The recently introduced bipartisan College SPORTS Act aims to establish a national NIL framework that includes protections for student-athletes.
The tax and budget bill continues to move forward as the Senate passes its version with significant changes and the bill returns to the House.
Illinois’ FY 2026 budget launches tax amnesty, offering penalty relief to help businesses resolve past tax liabilities.
Illinois enacts H.B. 2755 with key tax changes; businesses should review GILTI, sourcing rules, new credits, and penalties for impact.
Senator Wyden proposes major partnership tax reforms, aiming to change how and when partners recognize income and adjust their basis.
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