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
Delaware is mailing unclaimed property VDA invitations this month, giving companies 90 days from the send date to assess exposure and respond.
Proposed regulations implement ending the one-month deferral election and requiring separate tracking of Section 951A PTEP taxes under the OBBBA.
California and Colorado expand sales tax treatment of software and SaaS beginning in 2027, reflecting evolving digital tax rules.
Illinois’ fiscal year 2027 budget introduces significant tax changes affecting businesses, while extending key incentives and tax credits.
Tax-exempt organizations have an opportunity to reassess available tax credits to reduce tax liability and strengthen long-term tax planning.
The Tax Court invalidated the extraordinary disposition regulations, holding that Treasury cannot limit the Section 245A dividends-received deduction.
Delaware is mailing unclaimed property VDA invitations this month, giving companies 90 days from the send date to assess exposure and respond.
Proposed regulations implement ending the one-month deferral election and requiring separate tracking of Section 951A PTEP taxes under the OBBBA.
California and Colorado expand sales tax treatment of software and SaaS beginning in 2027, reflecting evolving digital tax rules.
Illinois’ fiscal year 2027 budget introduces significant tax changes affecting businesses, while extending key incentives and tax credits.
Tax-exempt organizations have an opportunity to reassess available tax credits to reduce tax liability and strengthen long-term tax planning.
The Tax Court invalidated the extraordinary disposition regulations, holding that Treasury cannot limit the Section 245A dividends-received deduction.
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