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Illinois Film Production Withholding Tax Changes

The Illinois Department of Revenue has issued guidance clarifying changes to film production withholding income tax requirements. Beginning December 12, 2025, both production companies and loan-out companies have specific responsibilities for withholding, reporting, and remitting Illinois income tax on compensation for services performed in the state.

Illinois Tax Filings Affected by USPS Postmark Changes

The Illinois Department of Revenue (IDOR) issued a notice regarding changes to United States Postal Service (USPS) postmarks that could impact the timely filing of Illinois tax returns and payments in 2026. Taxpayers are advised to file and pay electronically or mail returns earlier to avoid late penalties.

Motor Fuel Use Tax Rate Change

The Illinois Department of Revenue has announced changes to the Motor Fuel Use Tax rates, effective January 1, 2026, through June 30, 2026. These updated rates apply to all International Fuel Tax Agreement (IFTA) licensees operating in Illinois.

Illinois Income Tax Changes and Scam Alert

The Illinois Department of Revenue (IDOR) issued a bulletin (FY 2026-15) detailing changes to 2025 Illinois Income Tax forms and schedules for individuals and businesses, and 2026 withholding tax forms. The bulletin also includes a scam alert regarding fraudulent communications impersonating IDOR.

Illinois Service Occupation Tax Changes for Servicepersons and Marketplace Facilitators

The Illinois Department of Revenue has issued guidance detailing changes to the Service Occupation Tax effective January 1, 2026. The bulletin clarifies that the 200-transaction threshold will be removed for out-of-state servicepersons and marketplace facilitators, and introduces destination-based sourcing for certain sales of service. These changes are outlined in Public Act 104-0006.

IRS denies tax exemption for IRC Section 501(c)(6) organization

IRS denies tax exemption for IRC Section 501(c)(6) organization

IRS Grants Ruling on Substitute Mortality Tables for Pension Plans

The IRS has granted a ruling allowing a taxpayer to use substitute mortality tables for pension plan computations under section 430 of the Internal Revenue Code. This approval is effective for up to 3 plan years beginning with the 2026 plan year.

IRS Interest Rates for April 1, 2026

The IRS has announced the interest rates for tax underpayments and overpayments for the calendar quarter beginning April 1, 2026. These rates include specific percentages for general underpayments, overpayments, large corporate underpayments, and a reduced rate for corporate overpayments exceeding $10,000.

IRS Bulletin 2026-11: Tax Updates and Guidance

The IRS has issued Bulletin 2026-11, containing several notices and announcements on tax matters. Key updates include interim guidance on the corporate alternative minimum tax (CAMT), rules for determining material assistance from prohibited foreign entities, and anticipated applicability dates for final regulations on required minimum distributions.

IRS Internal Revenue Bulletin 2026-07

The IRS published Internal Revenue Bulletin 2026-07, featuring guidance on disciplinary sanctions for tax practitioners, disclosure requirements for reducing tax understatements, and amendments related to SECURE 2.0 Act provisions for retirement plans. This bulletin includes updates to revenue procedures and notices affecting tax return preparers and retirement account administration.

IRS Internal Revenue Bulletin 2026-10

The IRS published Internal Revenue Bulletin 2026-10 on March 2, 2026. This issue contains an announcement that no articles were submitted for publication in this bulletin, making it an administrative notice regarding the bulletin's content.

IRS Proposed Regulations on Clean Fuel Production Credit

The IRS has issued proposed regulations concerning the Section 45Z Clean Fuel Production Credit, which applies to clean transportation fuel produced domestically after December 31, 2024. These regulations address eligibility, emissions rates, and claim filing for domestic fuel producers and credit claimants.

Texas State Sales Tax Revenue Report - January 2026

The Texas Comptroller of Public Accounts announced that state sales tax revenue for January 2026 totaled $4.6 billion, an increase of 7.1% compared to January 2025. Growth was particularly strong in sectors driven by business spending, including mining and construction.

Texas February Sales Tax Revenue Report

The Texas Comptroller's office reported that state sales tax revenue for February 2026 totaled $4 billion, a 3.8 percent increase compared to February 2025. The report details revenue collections across various sectors, noting mixed performance in business-driven sectors but overall growth in consumer-driven sectors.

Texas Distributes $1.5B Local Sales Tax Revenue

The Texas Comptroller of Public Accounts announced the distribution of $1.5 billion in local sales tax revenue for February 2026. This represents a 2.5% increase compared to February 2025, reflecting economic activity from previous months.

Texas Comptroller Distributes $1.2B in Local Sales Tax Revenue

The Texas Comptroller's office announced the distribution of $1.2 billion in local sales tax revenue for January 2026. This amount represents a 4.9% increase compared to January 2025 allocations, reflecting sales made in November 2025.

New York Mortgage Recording Tax Bulletins

The New York State Department of Taxation and Finance has updated its list of mortgage recording tax bulletins. These bulletins provide general guidance on various aspects of mortgage recording tax law, including residential property exclusions, bankruptcy reorganizations, and credit line debts. The update was published on June 14, 2017.

New York State Corporation Tax Bulletins

The New York State Department of Taxation and Finance has updated its list of corporation tax bulletins. This update includes new bulletins regarding e-filing mandates for businesses and tax return preparers. These bulletins provide general guidance on tax topics.

Alcoholic Beverages Tax Bulletins Discontinued

The New York State Department of Taxation and Finance has discontinued several tax bulletins related to alcoholic beverages as of March 31, 2021. These bulletins are no longer available, and businesses should refer to updated guidance for information on registration, filing, invoicing, and penalties.

New York Income Tax Bulletins

The New York State Department of Taxation and Finance has updated its list of income tax bulletins. Two bulletins, TB-IT-215 and TB-IT-615/620, have been discontinued and are no longer available, with references provided to updated information or forms.