State Sales Tax Revenue Totaled $4.5 Billion in May
💡 State Sales Tax Revenue Totaled $4.5 Billion in May. Action required by june.
Curated tax updates from IRS, Federal Register, state agencies, and industry publications. AI-powered classification and summaries for tax professionals.
Tax Brief aggregates and classifies tax updates from authoritative sources including the IRS Newsroom, Federal Register, Tax Court, state tax agencies, and leading industry publications. Each article is analyzed by AI to provide a “Bottom Line” summary explaining what changed, who's affected, and what action to take.
💡 State Sales Tax Revenue Totaled $4.5 Billion in May. Action required by june.
💡 Sales Tax Holidays for Water-Efficient and ENERGY STAR® Products Set for May .... Action required by may.
💡 Acting Comptroller Kelly Hancock Distributes $1.4 Billion in Monthly Sales Ta.... Action required by may.
💡 COVID-19 disaster relief case has implications for timely refund claims. General industry update.
💡 2027 Inflation Adjustments for HSAs, HRAs, and the New DPCSA Limits. Review and take action if applicable to your clients.
💡 IRS: Taxpayers Are Now Able to View and Submit Trump Account Elections in The.... Review and take action if applicable to your clients.
💡 Expanded Section 4960 Rules Create New Financial Planning Challenges for Nonp.... Review and take action if applicable to your clients.
💡 5 Tax Planning Moves to Make Due to the One Big Beautiful Bill Act. Review and take action if applicable to your clients.
💡 IRS Extends Tax Deadline Again for Most Western Washington Residents. Review and take action if applicable to your clients.
💡 Judge Says Cannot ‘Rubber Stamp’ $1.5 Million Musk-SEC Deal. Review and take action if applicable to your clients.
💡 Analysis of the IRS Time-Limited Settlement Initiative for Conservation Easem.... Review and take action if applicable to your clients.
💡 TaxPlanIQ Presents Weekly Tax Strategy Hour for Tax Pros. Review and take action if applicable to your clients.
💡 AICPA Pushes IRS for Code Section 4960 Excise Tax Transition Relief. Review and take action if applicable to your clients.
💡 IRS Issues Proposed Regs on New 1% Excise Tax on Remittance Transfers. Review and take action if applicable to your clients.
💡 AICPA ENGAGE Celebrates 10-Year Anniversary in Las Vegas. Review and take action if applicable to your clients.
💡 Accounting Not Among Degrees Deemed ‘Professional’ in U.S. Education Departme.... Review and take action if applicable to your clients.
💡 An Analysis of the Reinstated Significant Issue Letter Ruling Program Under R.... Review and take action if applicable to your clients.
💡 Karbon Announces New Gusto Integration for Payroll Workflows. Review and take action if applicable to your clients.
💡 IRS appeals Kwong as advocate says refunds may be at stake. Review and take action if applicable to your clients.
💡 Updates to the Instructions for Form 8609, Low-Income Housing Credit Allocati.... Review and take action if applicable to your clients.
💡 IRS releases new look-back interest calculator for long-term contracts. Review and take action if applicable to your clients.
💡 Use Schedule 6 (Form 8849) to claim refunds for cancelled/expired remittance .... Review and take action if applicable to your clients.
💡 IRS announces terms of new conservation easement settlement opportunity. Review and take action if applicable to your clients.
💡 IRS announces terms of a time-limited settlement opportunity for eligible tax.... Review and take action if applicable to your clients.
💡 Claiming “no tax on tips” deduction for occupations that customarily and regu.... Review and take action if applicable to your clients.
💡 Sovos Unveils Compliance Network to Tackle Wave of Global Tax Mandates. Worth reviewing for potential client impact.
💡 Valuation Extremes and the Rejection of Speculative Mining Use in Conservatio.... Worth reviewing for potential client impact.
💡 Response to PEEC: Proposed Revised Definition “Attest Engagement Team” – 5/28.... Worth reviewing for potential client impact.
💡 Cherry Bekaert Acquires Calvetti Ferguson, Expanding Texas and Nashville Pres.... Worth reviewing for potential client impact.
💡 AICPA Seeks Feedback on Proposed Strategic Plans for Professional Ethics Divi.... Worth reviewing for potential client impact.
💡 New Jersey Society of CPAs Names Christopher M. Lovasz, CPA, as President. Worth reviewing for potential client impact.
💡 Trump Ordered to Address ‘Grievous’ Fraud Claims in IRS Case. Worth reviewing for potential client impact.
💡 U.S. to Appeal Judge’s Order for Broad Refund of Trump Tariffs. Worth reviewing for potential client impact.
💡 Form 1041 (Schedule K-1) – Beneficiary's Share of Income, Deductions, Credits.... Worth reviewing for potential client impact.
💡 Tax Professional Alert: IRS Proposes Increase to Estate Tax Closing Letter Us.... Worth reviewing for potential client impact.
💡 Income of Foreign Governments and of International Organizations. Worth reviewing for potential client impact.
💡 PCAOB Establishes Inspections Modernization Council. Worth reviewing for potential client impact.
💡 Center for Audit Quality CEO Leaves Post. Worth reviewing for potential client impact.
💡 AICPA Asks Treasury and IRS for Further Guidance on Proposed Trump Account Re.... Worth reviewing for potential client impact.
💡 Connecticut May Put 100% Tax on Trump ‘Anti-Weaponization Fund’ Payouts. Worth reviewing for potential client impact.
💡 Form 4952 – Investment Interest Expense Deduction. Worth reviewing for potential client impact.
💡 Form 1040-NR (Schedule A) – Itemized Deductions. Worth reviewing for potential client impact.
💡 Form 8995 – Qualified Business Income Deduction Simplified Computation. Worth reviewing for potential client impact.
💡 Form 8995-A – Qualified Business Income Deduction. Worth reviewing for potential client impact.
💡 Implementation and Activation of Trump Accounts: Professional Advisory. Worth reviewing for potential client impact.
💡 Trump Accounts App Launches: What to Do Now to Get $1,000 for Your Child. Worth reviewing for potential client impact.
💡 Crypto Information Reporting Mismatches: Fix 1099 Issues Before an Audit. Worth reviewing for potential client impact.
💡 Sage Intacct Expands Automation Across Finance Systems. Worth reviewing for potential client impact.
💡 Gartner Says CFOs Must Stop Mistaking Finance AI Deployment for Value Creation. Worth reviewing for potential client impact.
💡 Wisconsin Democrats Propose 100% Tax on Trump ‘Weaponization’ Fund. Worth reviewing for potential client impact.
Subscribe to Tax Brief for a daily 9 AM digest with AI-powered summaries.
Subscribe Free