Search

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.

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 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 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 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.

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.

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.

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.

IRS Seeks Comments on Taxpayer Burden Surveys

The Internal Revenue Service (IRS) has published a notice in the Federal Register seeking public comments on its taxpayer burden surveys. The comment period is open until May 11, 2026. This action is part of the IRS's ongoing efforts to assess and potentially reduce the burden on taxpayers.