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Amedeo, Marano & Hufnagel
Certified Public Accountants
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Tax Alerts
Tax Briefing(s)
2025 Year-End Tax PlanningOne Big Beautiful Bill Act (Signed Into Law July 4, 2025)2025 Post-Filing Season UpdateInflation Reduction Act of 2022
IRS-CI Annual Report Highlights Significant Increase in Financial Crime Detection for FY25 (IR 2025-120)
IRS Criminal Investigation released its Fiscal Year 2025 Annual Report highlighting significant gains in identifying global financial crime. The agency reported a substantial increase in investigative...
IRS Seeks Public Comment on Proposed Voluntary Disclosure Practice Updates (IR 2025-124)
The IRS opened a 90-day public comment period to seek input on proposed updates to its Voluntary Disclosure Practice intended to simplify compliance requirements and standardize penalties. The proposa...
Information Letters Released by IRS (INFO 2025-0006—2025-0008)
IRS information letters have been released by the IRS National Office in response to a request for general information by taxpayers or by government officials on behalf of constituents or on their own...
Applicable Dollar Amount for Health Insurance Plan Fees Announced (Notice 2025-61)
The IRS has announced that the applicable dollar amount used to calculate the fees imposed by Code Secs. 4375 and 4376 for policy and plan years that end on or after October 1, 2025, and before Oc...
Partnership Claimed Deduction for Wrong Year, Penalties Imposed (Corning Place Ohio LLC., CA-6)
A partnership (taxpayer) was denied a deduction for an easement donation related to a property (P1). The taxpayer claimed the deduction for the wrong year. Additionally, the taxpayer (1) substantially...
CA - Low-income housing tax credit regulation changes adopted
The California Tax Credit Allocation Committee adopted changes to its low-income housing tax credit regulations. The changes relate to definitions, reservations of tax credits, set-asides, eligibility...
CT - 2026 guidance issued on withholding requirements
Updated guidance is issued, effective for calendar year 2026, regarding Connecticut personal income tax withholding requirements for individuals. The Connecticut Department of Revenue Services advises...
DE - Guidance issued on OBBBA decoupling
Delaware issued guidance on corporate and personal income tax changes decoupling from parts of the federal One Big Beautiful Bill Act (OBBBA). For businesses taxed as corporations, the state decoupled...
DC - District continues to decouple from federal provisions
The District of Columbia has passed temporary legislation to decouple income and franchise tax provisions from federal provisions. The temporary act is the same as emergency legislation passed earlier...
MD - Legislative changes to rates, deductions summarized
The Maryland Comptroller has issued a Tax Alert summarizing personal income tax rate and standard deduction amount changes made during the 2025 legislative session.Beginning after 2025, the maximum lo...
NJ - Assessed interest rate on outstanding balances for 2026 announced
New Jersey issued guidance on the assessed interest rate for outstanding tax balances for the calendar year 2026. Effective January 1, 2026, the interest rate is 10%. The rate is calculated as the pri...
NY - Group not eligible for special QETC rates
A New York appellate court affirmed a decision holding that an affiliated group of companies did not meet the definition of a qualified emerging technology company (QETC) and, accordingly, could not c...
PA - Retailer cost percentage increased
Pennsylvania has updated the law regarding cigarette and tobacco sales and licensing. The law amends the presumed cost of doing business for retailers, increasing the rate from 7% to 8.5% starting Mar...
RI - Division issues notice alerting of decoupling regulations
Rhode Island Division of Taxation alerts taxpayers that emergency regulations went into effect December 15, 2025, providing business corporation and personal income tax guidance for the 2025 tax year ...

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