The IRS launched a digitally authenticated Tax Compliance Report available through the IRS Individual Online Account. Taxpayers can obtain and download the report when applying for a job, a loan, a go...
The 2026 interest rates to be used in computing the special use value of farm real property for which an election is made under Code Sec. 2032A were issued by the IRS.In the ruling, the IRS lists th...
The IRS has announced a new Office of Conservation Easements to improve how conservation easement cases are handled and to provide more consistent tax administration. The new office will bring togethe...
The IRS and Security Summit partners reminded tax professionals to protect client data with a Written Information Security Plan. Under the Gramm-Leach-Bliley Act, tax and accounting professionals are ...
The IRS has reminded taxpayers to be careful when making charitable donations because scams can lead to financial loss and incorrect tax deductions. The agency said scammers often create fake charitie...
The IRS has reminded taxpayers who make charitable donations to keep complete and organized records of their contributions throughout the year. The agency said good records can make filing a tax retur...
The IRS has added new features to its Business Tax Account (BTA) to help eligible businesses and organizations manage their federal tax responsibilities online. The agency said users can now view mo...
The IRS has highlighted the important role of whistleblowers in exposing fraud, reducing the tax gap and strengthening compliance. The National Whistleblower Day, on July 20, commemorates the nationâ€...
The IRS has announced an increase in the optional standard mileage rate for the remainder of 2026. Optional standard mileage rates are used by employees, self-employed individuals, and other taxpayers...
The IRS has updated the applicable percentage table used to calculate an individual’s premium tax credit and required contribution percentage plan years beginning in calendar year 2027. The percenta...
Final regulations under Code Sec. 2056A have been adopted, applicable specifically to the estates of decedents that are passing property in a qualified domestic trust (QDOT) to (or for the benefit o...
The IRS has reminded businesses that seasonal and part-time employees must generally follow the same federal tax withholding, Social Security and Medicare tax rules as full-time employees. The agency ...
The IRS has advised newly married couples to update their tax information before the next tax filing season. The agency said marriage can change a couple's taxes, so taking a few simple steps now can ...
The IRS has reminded taxpayers that they have the right to question an IRS decision if they believe it is incorrect. This right is part of the Taxpayer Bill of Rights and helps make sure taxpayers a...
The National Taxpayer Advocate has released the Fiscal Year 2027 Objectives Report to Congress, concluding that the IRS generally conducted a successful 2026 filing season despite significant operatio...
Employers in Calaveras County directly affected by the Gann Fire, which began on August 2, 2026, may request up to a two-month extension of time from the California Employment Development Department t...
The Iowa Department of Revenue refused to issue a declaratory order requested by the taxpayer. The taxpayer is in the business of waterproofing basements and requested a declaratory order seeking clar...
Kansas issued guidance discussing legislation that:repeals the corporate income tax credit for alternative fuel motor vehicles and fueling stations on January 1, 2027; andestablishes new income tax cr...
The Minnesota Tax Court dismissed an individual income tax appeal for lack of subject matter jurisdiction because the taxpayer appealed a demand for payment, which was not an appealable order or decis...
Nebraska updated its Streamlined Sales and Use Tax (SST) Agreement taxability matrix and certificate of compliance. The changes are effective August 3, 2026. Taxability Matrix: Tax Administration Pra...
New Mexico has announced that its interest rate on underpaid and overpaid taxes will increase to 7% for the third quarter of 2026. Penalty & Interest Rates, New Mexico Taxation and Revenue Departm...
North Dakota has announced the following local sales and use tax changes effective October 1, 2026: (1) the city of Kindred will remove its maximum tax (refund cap); (2) the city of Minot will increas...
The South Dakota Department of Revenue’s Bars and Restaurants Tax Fact explains the sales and use tax rules that apply to restaurants, bars, caterers, food vendors, and similar businesses, including...
Texas issued a franchise tax private letter ruling to a taxpayer stating that the taxpayer may excluded from total revenue funds it receives from a city and distributes to grant awardees under a law g...
The Wisconsin Department of Revenue has issued Wisconsin Tax Bulletin Number 234 (July 2026). The Bulletin includes:Income and Franchise Tax Updates and Reminders;Sales and Use Tax Updates and Reminde...
Â
We wish to thank you for being a tax client of Kurtz Tax Service, LLC. It is with deep sadness that we must inform you of the passing of Michael L. Kurtz. To ensure that all Kurtz Tax Service clients are taken care of at this critical time, Kurtz Tax Service, LLC has been sold to SBI Tax & Financial Services, Inc. Please contact SBI at (952) 881-5755 or via e-mail at office@sbi-tax.com to make an appointment to address any of your tax related needs or to obtain any of your records, if needed.
If you wish, you can stop by SBI's office located at 8120 Penn Ave South, Suite 156, Bloomington, Minnesota, 55431. SBI is ready to provide you with the same excellent service Kurtz Tax Service provided. Again, thank you for your business. SBI is looking forward to meeting you and to taking care of your tax preparation moving forward.
