Tax Information Reporting
Car Loan Interest Deduction: A Guide for Auto Lenders
The Treasury and IRS have begun implementing a new car loan interest deduction that allows many individual taxpayers to deduct interest paid on qualifying vehicle
Region: North America
Sales & Use Tax
Banks, Lenders & Fintechs: The $750K Tax Leak You Don’t Know You Have
Why Financial Institutions Overpay Sales & Use Tax and How to Stop It $750,000. That’s how much one mid-size U.S. bank recovered in a single
Sales & Use Tax
Arkansas Sales Tax Guide
Arkansas imposes a statewide sales and use tax rate of 6.5%, as established under the Arkansas tax code. While Arkansas does not allow local jurisdictions
Sales & Use Tax
Kansas Sales Tax Guide
Kansas imposes a statewide sales and use tax rate of 6.5%. The state does allow local jurisdictions to levy additional sales taxes, which means businesses
Sales & Use Tax
Hawaii Sales Tax Guide
Hawaii imposes a statewide General Excise Tax (GET) rate of 4%. The state does impose local taxes at the County level. Counties are authorized to
Sales & Use Tax
Arizona Transaction Privilege Tax Guide
Arizona imposes a transaction privilege tax (TPT) on businesses in the state and is akin to sales tax administration. As such, it will often be
Chicago Personal Property Lease Transaction Tax Increased to 15%
Effective January 1, 2026, Chicago has increased the rate of its Personal Property Lease Transaction Tax from 11% to 15%. Further changes can be found
Ohio Cancels August 2026 Expanded Sales Tax Holiday
Ohio HB 186, signed by the governor on Dec 19, 2025, cancel’s the expanded August 2026 sales tax holiday as a part of a legislative
CRA Introduces Online Services for Non-Resident Withholding Tax
The Canada Revenue Agency (CRA) has released the 2025 edition of Guide T4061(E), NR4 – Non-Resident Tax Withholding, Remitting, and Reporting. The primary change for
Chicago Reduces Motor Vehicle Lessor Tax to $0.50 Per Rental Period
Chicago will reduce its Motor Vehicle Lessor Tax from $2.75 per rental period to $0.50 per rental period. This tax is imposed on the lease
Chicago Imposes New Tax on the Sale of Alcoholic Beverages Consumed Off Premises
Beginning January 1, 2026, Chicago will impose a new retail liquor tax of 1.5% on the sale of alcoholic beverages purchased for consumption off the
Albania E-invoicing
Albania E-invoicing Albania introduced a comprehensive fiscalisation model known as “Audit System” or “e-Fiskal” (fizkalizimi), a mandatory, real-time e-invoicing system in phases in 2021. This
New Mexico Updates FYI-330 (Income and Withholding Information Returns and Filing Methods)
The New Mexico Taxation and Revenue Department has released FYI-330, updating guidance on income and withholding information returns and filing methods. Beginning January 1, 2026,
IRS Revises Form 8809 (Application for Extension of Time To File Information Returns)
The IRS has updated Form 8809, used to request filing extensions for information returns including Forms W-2, 1099, 1042-S, and 1095. The most notable update
IRS Releases Publication 4163 for Processing Year 2026
The IRS has released Publication 4163 (Rev. 12-2025) for Modernized e-File (MeF) business returns processed in 2026. This publication outlines electronic filing requirements and guidance
Sales & Use Tax
Alaska Sales Tax Guide
The State of Alaska sales tax system is unique compared to other U.S. states. Alaska does not impose a statewide sales and use tax, making
Sales & Use Tax
Connecticut Sales Tax Guide
Understanding sales tax in Connecticut, including who must collect it, what’s taxable, and how to file, is essential for staying compliant—especially as rules evolve. This
Sales & Use Tax
New Jersey Sales Tax Guide
New Jersey imposes a statewide sales and use tax rate of 6.625%. The state allows some cities to impose motor vehicle rental tax and there