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
As states decide how to conform to the provisions of the OBBBA, it could be challenging for taxpayers to know how to proceed this filing season.
California issued new apportionment rules for certain asset management revenue, potentially changing who is required to file a California return.
The IRS released a revision of Form 6765 instructions to align with the guidance on research credit reporting in the One Big Beautiful Bill Act.
The 5th Circuit ruled in Sirius that partners qualify for the Section 1402 limited partner exception, potentially reducing self-employment tax.
The USPS released new rules regarding its postmarking practices that could affect taxpayers mailing tax payments and documents.
Local business tax filings for Los Angeles and San Francisco are due March 2. Late filers face potential penalties up to 40%, plus interest.
As states decide how to conform to the provisions of the OBBBA, it could be challenging for taxpayers to know how to proceed this filing season.
California issued new apportionment rules for certain asset management revenue, potentially changing who is required to file a California return.
The IRS released a revision of Form 6765 instructions to align with the guidance on research credit reporting in the One Big Beautiful Bill Act.
The 5th Circuit ruled in Sirius that partners qualify for the Section 1402 limited partner exception, potentially reducing self-employment tax.
The USPS released new rules regarding its postmarking practices that could affect taxpayers mailing tax payments and documents.
Local business tax filings for Los Angeles and San Francisco are due March 2. Late filers face potential penalties up to 40%, plus interest.
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