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
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.
The recent Keysight decision invalidates a Treasury GILTI regime regulation, holding that the agency lacked statutory authority to issue the rule.
The IRS is phasing in a new AEP program, which will automatically waive eligible penalties for compliant taxpayers and phase out the FTA program.
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.
The recent Keysight decision invalidates a Treasury GILTI regime regulation, holding that the agency lacked statutory authority to issue the rule.
The IRS is phasing in a new AEP program, which will automatically waive eligible penalties for compliant taxpayers and phase out the FTA program.
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