Recent New York State and New York City budget legislation introduces significant tax changes affecting businesses and individuals across multiple areas.
Learn moreRecent developments may support refund or abatement claims for certain tax penalties and interest tied to federal filing or payment deadlines that fell between January 20, 2020, and July 10, 2023. Relief is not automatic, and taxpayers should consider whether to file a claim to protect their rights. For many taxpayers, July 10, 2026 may be an important protective-claim date, although the applicable limitations period will depend on the taxpayer’s specific filing and payment history.
Learn more & registerOn April 27, 2026, Kansas Governor Kelly signed Senate Bill 82 into law. The bill updates several Kansas income tax credits by expanding the employer child care credit, creating two new credits (higher-ethanol blend fuel; firearm safety storage), discontinuing the alternative-fueled motor vehicle/fueling station credit, and repealing several dormant credits.
Learn moreA recent court decision has upended how self-employment tax is imposed on certain partners and created a potential refund opportunity. The deadline to act is approaching quickly on older tax years.
Learn more & registerThe IRS recently provided 2025 transition relief for individuals seeking new qualified tips and overtime tax deductions.
Learn moreRubinBrown was featured in Construction Dive, where Chris Coleman, offered insights into ways contractors can lock in year-end tax wins.
Learn MoreThe IRS provided transition relief in Notice 2025-62 for qualified overtime compensation and qualified tips reporting brought about by tax law changes in the bill commonly referred to as the One Big Beautiful Bill Act, or OBBBA, enacted in July.
Learn MoreThe IRS has provided 2025 transitional guidance for businesses required to report car loan interest under the bill commonly referred to as the One Big Beautiful Bill Act, or OBBBA for short.
Learn MoreProposed guidance on the new tips deduction for tax years 2025 through 2028 has been released providing an expansion on definitions and needed clarifications, including a proposed list of potentially eligible occupations.
Learn MoreOn July 10, 2025, Missouri House Bill 594 was signed into law eliminating state tax on capital gains for individuals.
Learn moreThe IRS announced that 2025 Forms W-2 and 1099 will not change for new reporting requirements related to tips and overtime under the 2025 tax act.
Learn moreThe One Big Beautiful Bill Act (OBBBA), enacted July 4, 2025, includes material changes for tax-exempt organizations. The new and updated rules impact tax-exempt organizations (including colleges and universities) and donors.
Learn moreOn July 3, 2025, Congress passed the One Big Beautiful Bill Act (OBBBA). President Trump is set to sign and enact the bill on July 4.
Learn moreSeveral Missouri counties were recently granted tax filing and payment relief related to severe weather. Affected taxpayers have until November 3, 2025 to file various federal individual and business tax returns and make payments.
Learn MoreOn May 22, 2025, the House of Representatives passed the tax-focused bill named the One Big Beautiful Bill Act (OBBBA). Days leading up to the vote had been contentious in long committee meetings, with dozens of amendments proposed and hold-out concession discussions, but ultimately the bill moved forward along party lines (215-214) with Republicans losing just three votes.
Learn moreCongress has agreed on a budget resolution and drafting of a tax bill will now formally progress under reconciliation rules that allow a simple majority vote in the Senate, rather than 60 votes.
Learn moreEntities created in the U.S., including those formerly known as “domestic reporting companies,” and their beneficial owners are no longer required to file beneficial ownership information (BOI) reports to FinCEN under the Corporate Transparency Act (CTA). However, foreign reporting companies may still have a filing requirement with new deadlines.
Learn moreThe House passed its budget resolution for "one big, beautiful bill" on February 27 that would include President Trump’s non-tax agenda items of funding for border security, defense, and energy, along with extending his first term’s signature tax bill, the Tax Cuts and Jobs Act (TCJA).
Learn moreFinCEN plans to further extend the new March 21, 2025 deadline for BOI reporting and in the meantime the current deadlines can be disregarded until further notice. FinCEN is still accepting reports for those who wish to file now.
Learn moreBOI reporting enforcement has been reinstated after a court decision lifted the temporary nationwide pause imposed by the Smith case. Reporting is once again mandatory.
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