Tax News Highlights

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

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Two professionals review tax documents together as they discuss IRS penalty relief program changes.
IRS Replaces First Time Abate Program
The IRS is phasing in a new AEP program, which will automatically waive eligible penalties for compliant taxpayers and phase out the FTA program.
Wind turbines and solar panels illustrate renewable energy projects affected by the restored 5% safe harbor for beginning-of-construction deadlines.
Wind and Solar Safe Harbor Survives Court Ruling
The 5% safe harbor for wind and solar is restored, letting taxpayers use it to meet beginning-of-construction deadlines under the OBBBA.
Colorado State Building
Colorado Enacts More Tax Changes
Colorado recently enacted several significant changes to its tax law, including changes to its income, excise, sales and use, and motor fuel taxes.
Research professional inspecting cannabis plants and recording observations, illustrating qualified research activities.
Cannabis R&D Credits After Section 280E Relief
Companies with certain cannabis activities might be eligible for the Section 41 credit if their activities include qualified research expenses.
Two professionals discussing APAs at a laptop computer.
IRS 2025 APMA Report: Are APAs Still Worth It?
The IRS 2025 APMA report highlights APA filing trends, noting increased use in transfer pricing despite longer processing times and increased costs.
SAFER Act Would Recast Escheatment for Investments
SAFER Act Would Recast Escheatment for Investments
The SAFER Act would protect owners of certain investment accounts from premature liquidation of assets under state unclaimed property laws.
Two professionals review tax documents together as they discuss IRS penalty relief program changes.
IRS Replaces First Time Abate Program
The IRS is phasing in a new AEP program, which will automatically waive eligible penalties for compliant taxpayers and phase out the FTA program.
Wind turbines and solar panels illustrate renewable energy projects affected by the restored 5% safe harbor for beginning-of-construction deadlines.
Wind and Solar Safe Harbor Survives Court Ruling
The 5% safe harbor for wind and solar is restored, letting taxpayers use it to meet beginning-of-construction deadlines under the OBBBA.
Colorado State Building
Colorado Enacts More Tax Changes
Colorado recently enacted several significant changes to its tax law, including changes to its income, excise, sales and use, and motor fuel taxes.
Research professional inspecting cannabis plants and recording observations, illustrating qualified research activities.
Cannabis R&D Credits After Section 280E Relief
Companies with certain cannabis activities might be eligible for the Section 41 credit if their activities include qualified research expenses.
Two professionals discussing APAs at a laptop computer.
IRS 2025 APMA Report: Are APAs Still Worth It?
The IRS 2025 APMA report highlights APA filing trends, noting increased use in transfer pricing despite longer processing times and increased costs.
SAFER Act Would Recast Escheatment for Investments
SAFER Act Would Recast Escheatment for Investments
The SAFER Act would protect owners of certain investment accounts from premature liquidation of assets under state unclaimed property laws.
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Rochelle Hodes
Rochelle Hodes
Principal, Washington National Tax