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Amedeo, Marano & Hufnagel
Certified Public Accountants
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Tax Alerts
Tax Briefing(s)
One Big Beautiful Bill Act (Signed Into Law July 4, 2025)2025 Post-Filing Season Update2024 Post-Election Tax Policy UpdateInflation Reduction Act of 2022
IRS Promises to Propose Regulations on Transfers of U.S. Real Property Interests (Notice 2025-45)
Treasury and the IRS intend to issue proposed regulations under sections 897(d) and (e) to modify the rules under §§1.897-5T and 1.897-6T, Notice 89-85, 1989-31 I.R.B. 9, and Notice 2006-46, 2...
IRS Reminds Employers Student Loan Repayments Are Excludable Through 2025 (IR-2025-81)
The IRS has reminded employers that they may continue to offer student loan repayment assistance through educational assistance programs until the end of the tax year at issue, December 31, 2025. Unde...
IRS Whistleblower Office Celebrates National Whistleblower Day (IR-2025-78)
The IRS Whistleblower Office emphasized the role whistleblowers continue to play in supporting the nation’s tax administration ahead of National Whistleblower Appreciation Day on July 30. The IRS ha...
Rates Used in Computing Special Use Value Issued, Rev. Rul. 2025-16
The 2025 interest rates to be used in computing the special use value of farm real property for which an election is made under Code Sec. 2032A were issued by the IRS.In the ruling, the IRS lists th...
CA - Checkoff authorized for Parkinson's disease research fund
California has enacted legislation authorizing individuals to designate amounts in excess of their tax liability on their California personal income tax returns as voluntary contributions to the Parki...
CT - Changes in economic development-related statutes enacted
Legislation is enacted that makes changes in economic development-related statutes:effective July 1, 2025, and applicable to income and taxable years commencing on or after January 1, 2025, allows a s...
DE - Refunds required for overpayments of $50 or more
Delaware legislation requires a refund of county taxes, including local school taxes, if an assessment appeal results in:the reduction in the assessed value of real property; andthe total overpayment ...
DC - Tiered rates established for vacant and blighted properties, credit enacted
The District of Columbia has enacted changes impacting property taxes. Among the changes are:establishes the authority to allow payment plans for delinquent property taxes;amends the factors for estab...
MD - Guidance on MPU certificates issued
The Maryland Comptroller has issued a sales and use tax techical bulletin explaining the purpose, procedure for requesting, and use of multiple points of use certificates. Technical Bulletin No. 54, ...
NJ - Cultural arts institutions credit amended
New Jersey has amended Cultural Arts Incentives Program, allowing broader eligibility for tax credits.The law amends the definition of a "cultural arts institution" to include any nonprofit operatin...
NY - Information on waste tire management and recycling fee updated
The New York Department of Taxation and Finance updated its information on the waste tire management and recycling fee to reflect previously enacted legislation. Specifically, the waste tire managemen...
PA - Philadelphia clarifies BIRT transition for small businesses
Philadelphia has clarified its Business Income and Receipts Tax policy following the elimination of a $100,000 exemption beginning in 2025. Businesses newly subject to the tax are treated as "new busi...
RI - Tax on short-term parking explained
Rhode Island has issued guidance on the recent legislative imposition of sales tax on short-term parking. Effective October 1, 2025, a 7% sales tax will apply to short-term parking. "Short-term parkin...

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