
Sales Tax on Commercial Rentals Repealed Effective October 1, 2025
Effective October 1, 2025, the state sales tax imposed on rent or license fees for the use of real
property (commercial rentals) under section 212.031, Florida Statutes (F.S.), is repealed. This means
no state sales tax or discretionary sales…

IRS issues interim guidance to improve Large Business process
WASHINGTON — The Internal Revenue Service today issued a memorandum highlighting changes aimed at reducing case cycle times for corporate taxpayers, making examinations more customer-driven, consistent and efficient.
The Interim Guidance…

IRS improves Pre-Filing Agreement program for large business and international taxpayers
The Internal Revenue Service today announced improvements to its Pre-Filing Agreement (PFA) program to provide greater tax certainty for large business and international taxpayers.
These improvements mark a renewed commitment by the IRS to…

Topics for tax-exempt organizations ahead of May 15 filing deadline
As the May 15 filing deadline approaches for tax-exempt organizations, the Internal Revenue Service highlights important forms and topics to ensure successful and timely filing.
The annual filing due date for certain returns filed by tax-exempt…

IRS increases the standard mileage rate for business use in 2025
WASHINGTON — The Internal Revenue Service today announced that the optional standard mileage rate for automobiles driven for business will increase by 3 cents in 2025, while the mileage rates for vehicles used for other purposes will remain…

Many businesses must report beneficial ownership information
The Internal Revenue Service will sponsor a free one-hour webinar designed to help the many businesses that must report their beneficial ownership information to the Treasury Department’s Financial Crimes Enforcement Network.
Because this…

IRS issues proposed regulations for Corporate Alternative Minimum Tax
WASHINGTON — The Internal Revenue Service today issued proposed regulations to provide guidance on the Corporate Alternative Minimum Tax (CAMT).
The Inflation Reduction Act created the CAMT, which imposes a 15% minimum tax on the adjusted…

IRS shares new warning signs of incorrect claims for Employee Retention Credit
The IRS recently shared five new warning signs of incorrect claims by businesses for the Employee Retention Credit. The new list comes from common issues the IRS has seen while reviewing and processing ERC claims.
Aggressive promoters convinced…

IRS shares more warning signs of incorrect claims for the Employee Retention Credit
WASHINGTON — As the Internal Revenue Service intensifies work on the Employee Retention Credit, the agency today shared five new warning signs being seen on incorrect claims by businesses.
The new list comes from common issues the IRS compliance…