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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 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...
CA - Updated guidance provided on use tax
Updated guidance is provided regarding California use tax. Topics discussed include the application of use tax and the exemption for items purchased in a foreign country. CDTFA Publication 110, Use T...
CT - 2025-2026 prepaid wireless E 9-1-1 fee announced
Effective July 1, 2025, through June 30, 2026, the Connecticut prepaid wireless E 9-1-1 fee that retailers of prepaid wireless telecommunications service are required to collect from consumers is $0.6...
DE - Budget proposes rate cuts, new brackets, tobacco tax increase
Delaware Gov. Matt Meyer released his budget for fiscal year 2026 that includes proposals to cut personal income taxes and create 3 new tax brackets. The budget also includes a proposal to increase th...
DC - Mayor unveils economic growth agenda
The District of Columbia Mayor has presented an economic growth agenda for 2026 that proposes:no sales tax increase in FY26;reducing the Universal Paid Leave tax from 0.75% to 0.72%; andcreate a sales...
MD - Bulletin issued explaining tax expansion to data/information services
The Comptroller of Maryland has issued a technical bulletin explaining the imposition of Maryland sales and use tax on data or information technology services and software publishing services. Tax is ...
NJ - Petroleum products gross receipt rates unchanged
he New Jersey petroleum products gross receipt tax rates are unchanged for the period July 1 through September 30, 2025. The existing rates are:gasoline and LPG: 34.4 cents per gallon;diesel: 38.4 cen...
NY - LLC members entitled to nonrecognition of gain from like-kind exchange
In a New York personal income tax case involving an LLC that owned an apartment building, the LLC members qualified for nonrecognition of gain from a like-kind exchange under IRC Sec. 1031 when the bu...
PA -Life estate and remainder interest factors updated
The Pennsylvania Department of Revenue announces realty transfer tax factors effective July 1, 2025, for use in the calculation of the taxable value of a life estate and remainder interests in real es...
RI - Municipalities may allow amnesty every three years
Effective June 26, 2025, Rhode Island municipalities may, by ordinance, authorize one tax amnesty period every three years. H.B. 5695, Laws 2025, effective as noted...

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