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IRS Reminds Newlyweds To Update Tax Information for Smoother Filing
The IRS has advised newly married individuals to review and update their tax information to avoid delays and complications when filing their 2025 income tax returns. Since an individual’s filing sta...
IRS Offers Relief for Individuals Who Missed April Tax Filing Deadline (IR-2025-66)
The IRS has announced several online resources and flexible options for individuals who have not yet filed their federal income tax return for the tax year at issue. Those who owe taxes have been enco...
Court Lacked Jurisdiction to Rule on Innocent Spouse Relief (Fakir, DC Mich.)
A district court lacked jurisdiction to rule on an individual’s innocent spouse relief under Code Sec. 6015(d)(3), in the first instance. The individual and her husband, as taxpayers, were liable f...
LLC Not Entitled to Full Conservation Easement Deduction; Adjusted Basis Limitation Affirmed (Glade Creek Partners, LLC, CA-11)
A limited liability company classified as a TEFRA partnership was not entitled to deduct the full fair market value of a conservation easement under Code Sec. 170. The Court of Appeals affirmed the T...
Married Couple not Entitled to Refund for Depreciation Deduction (Shleifer, DC Fla.)
A married couple was not entitled to a tax refund based on a depreciation deduction for a private jet. The Court found the taxpayers’ amended return failed to state the correct legal basis for the c...
AZ - School tax credit guidance revised
Arizona updated its guidance on personal income tax credits for contributions to schools. The ruling details five credits available to individual taxpayers, including contributions or fees paid to sup...
CA - Penalties and interest abatement denied
Taxpayers did not establish a basis to abate an estimated tax penalty, late payment penalty, or interest, despite citing COVID-19-related income fluctuations and payment hardships. The taxpayers advan...
FL - Guidance issued on 2025 back-to-school tax holiday
Guidance is issued on the annual back-to-school sales tax holiday that will occur during the entire month of August each year, including 2025.2025 Annual Back-to-School Sales Tax HolidayDuring the hol...
HI - Taxpayers entitled to renewable energy technologies credit claimed
The Hawaii Supreme Court held that the 2012 renewable energy technologies income tax credit form (Form N-342) and instructions were inconsistent with the applicable statute, and taxpayers were entitle...
NY - Authorization for village of cold spring to impose hotel and motel tax extended
Authorization for the village of Cold Spring (Putnam County) to impose a local New York hotel and motel tax of up to 5% is extended until July 21, 2027. Previously, the authorization was scheduled to ...
OR - Homestead tax deferral eligibility amended
Oregon has updated the homestead property tax deferral program, increasing the maximum household income threshold for eligibility from $32,000 to $70,000. Further, the state will begin adjusting the i...
WA - Guidance provided on taxation of homeowners associations
Homeowners associations (HOAs) may need to register as a business with the Washington Department of Revenue if they provide services beyond general upkeep of common areas or make retail sales. HOAs ma...
WI - Tentative agreement on bipartisan budget deal
Wisconsin Gov. Tony Evers has announced a tentative bipartisan budget agreement with legislative leaders. Some of the highlights of the agreed upon 2025-27 Biennial Budget include:eliminating the sale...
IRS Reminds Newlyweds To Update Tax Information for Smoother Filing
The IRS has advised newly married individuals to review and update their tax information to avoid delays and complications when filing their 2025 income tax returns. Since an individual’s filing sta...
IRS Offers Relief for Individuals Who Missed April Tax Filing Deadline (IR-2025-66)
The IRS has announced several online resources and flexible options for individuals who have not yet filed their federal income tax return for the tax year at issue. Those who owe taxes have been enco...
Court Lacked Jurisdiction to Rule on Innocent Spouse Relief (Fakir, DC Mich.)
A district court lacked jurisdiction to rule on an individual’s innocent spouse relief under Code Sec. 6015(d)(3), in the first instance. The individual and her husband, as taxpayers, were liable f...
LLC Not Entitled to Full Conservation Easement Deduction; Adjusted Basis Limitation Affirmed (Glade Creek Partners, LLC, CA-11)
A limited liability company classified as a TEFRA partnership was not entitled to deduct the full fair market value of a conservation easement under Code Sec. 170. The Court of Appeals affirmed the T...
Married Couple not Entitled to Refund for Depreciation Deduction (Shleifer, DC Fla.)
A married couple was not entitled to a tax refund based on a depreciation deduction for a private jet. The Court found the taxpayers’ amended return failed to state the correct legal basis for the c...
AZ - School tax credit guidance revised
Arizona updated its guidance on personal income tax credits for contributions to schools. The ruling details five credits available to individual taxpayers, including contributions or fees paid to sup...
CA - Penalties and interest abatement denied
Taxpayers did not establish a basis to abate an estimated tax penalty, late payment penalty, or interest, despite citing COVID-19-related income fluctuations and payment hardships. The taxpayers advan...
FL - Guidance issued on 2025 back-to-school tax holiday
Guidance is issued on the annual back-to-school sales tax holiday that will occur during the entire month of August each year, including 2025.2025 Annual Back-to-School Sales Tax HolidayDuring the hol...
HI - Taxpayers entitled to renewable energy technologies credit claimed
The Hawaii Supreme Court held that the 2012 renewable energy technologies income tax credit form (Form N-342) and instructions were inconsistent with the applicable statute, and taxpayers were entitle...
NY - Authorization for village of cold spring to impose hotel and motel tax extended
Authorization for the village of Cold Spring (Putnam County) to impose a local New York hotel and motel tax of up to 5% is extended until July 21, 2027. Previously, the authorization was scheduled to ...
OR - Homestead tax deferral eligibility amended
Oregon has updated the homestead property tax deferral program, increasing the maximum household income threshold for eligibility from $32,000 to $70,000. Further, the state will begin adjusting the i...
WA - Guidance provided on taxation of homeowners associations
Homeowners associations (HOAs) may need to register as a business with the Washington Department of Revenue if they provide services beyond general upkeep of common areas or make retail sales. HOAs ma...
WI - Tentative agreement on bipartisan budget deal
Wisconsin Gov. Tony Evers has announced a tentative bipartisan budget agreement with legislative leaders. Some of the highlights of the agreed upon 2025-27 Biennial Budget include:eliminating the sale...

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