On July 8, 2026, the IRS announced a significant change to its administrative penalty relief program. Beginning later this year, the IRS will implement a new Automatic Exemption from Penalty (AEP) program that will automatically provide penalty relief to qualifying taxpayers with a history of timely compliance. This change will gradually replace the long-standing First Time Abate (FTA) program. For many, the new process will simplify penalty relief and provide a more consistent application.
Learn moreA recent Treasury hearing on gaming-related proposed regulations highlighted changes and concerns in the industry including the new wagering loss limitation, higher reporting thresholds, and need for IRS guidance on tracking gains and losses.
Learn moreThe Indiana Department of Revenue is administering a Tax Amnesty 2026 program from July 15, 2026 through September 9, 2026. The program provides a limited-time opportunity to pay eligible outstanding tax liabilities and receive a waiver of related penalties, interest, and collection fees.
Learn moreCharitable giving remains an effective way to align tax planning with philanthropic goals. But recent Tax Court decisions reinforce a practical lesson for donors and advisors: the deduction is not secured by generosity alone; it depends on timely, technically compliant documentation.
Learn moreRev. Proc. 2026-25 provides a gift tax filing safe harbor for certain cash contributions by individual donors to Trump accounts.
Learn moreRecent 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.
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