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Tax Alerts

Tax Briefing(s)

2024 Tax Year in Review 2024 Post-Election Tax Policy Update 2024 Post-Filing Season Update

IRS Highlights Essentials for Tax Filing (IR-2025-23)
The IRS encouraged taxpayers to make essential preparations and be aware of significant changes that may affect their 2024 tax returns. The deadline for submitting Form 1040, U.S. Individual Income Ta...

IRS Urges Taxpayers to Choose Tax Preparers Carefully to Protect Data (IR-2025-21)
The IRS reminded taxpayers to choose the right tax professional to help them avoid tax-related identity theft and financial harm. Following are key tips for choosing a tax preparer:Look for a preparer...

IRS Offers Top Tips to Make Tax Time Easier (IR-2025-19)
The IRS provided six tips to help taxpayers file their 2024 tax returns more easily. Taxpayers should follow these steps for a smoother filing process:Gather all necessary tax paperwork and records to...

2025 Standard Mileage Rates Released (Notice 2025-5; IR-2024-312)
The IRS released the optional standard mileage rates for 2025. Most taxpayers may use these rates to compute deductible costs of operating vehicles for:business,medical, andcharitable purposesSome mem...

IRS Introduces New Measures to Combat Tax Scams During 2025 Filing Season (IR-2025-12)
The IRS, in partnership with the Coalition Against Scam and Scheme Threats (CASST), has unveiled new initiatives for the 2025 tax filing season to counter scams targeting taxpayers and tax professio...

IRS Reminds Taxpayers of Disaster Deadlines (IR-2025-1)
The IRS reminded disaster-area taxpayers that they have until February 3, 2025, to file their 2023 returns, in the entire states of Louisiana and Vermont, all of Puerto Rico and the Virgin Islands and...

IRS to Issue Automatic Recovery Rebate Credit Payments for 2021 Tax Year (IR-2024-314)
The IRS has announced plans to issue automatic payments to eligible individuals who failed to claim the Recovery Rebate Credit on their 2021 tax returns. The credit, a refundable benefit for individ...

CA - Additional Application Windows Opened for Film and Television Tax Credits
The California Film Commission announced additional application windows for Film & Television Tax Credit Program 3.0 during the 2024-2025 fiscal year. The additional application windows have been ...

NJ - Property tax credit guidance for 22/23 updated
New Jersey residents who typically do not file gross income tax returns may need to act to receive a property tax credit for 2022 and 2023 due to changes to the ANCHOR and Stay NJ property tax relief ...

NY - Treatment of banking group's cash election, receipts factor, and credit claims determined
In a New York corporate franchise tax case involving a combined group operating as a global investment bank and institutional securities firm, the Tax Appeals Tribunal (TAT) agreed with the administra...

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