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Tax Alerts
Tax Briefing(s)
One Big Beautiful Bill Act (Signed Into Law July 4, 2025)2025 Post-Filing Season Update2024 Post-Election Tax Policy Update
IRS Promises to Propose Regulations on Transfers of U.S. Real Property Interests (Notice 2025-45)
Treasury and the IRS intend to issue proposed regulations under sections 897(d) and (e) to modify the rules under §§1.897-5T and 1.897-6T, Notice 89-85, 1989-31 I.R.B. 9, and Notice 2006-46, 2...
IRS Reminds Employers Student Loan Repayments Are Excludable Through 2025 (IR-2025-81)
The IRS has reminded employers that they may continue to offer student loan repayment assistance through educational assistance programs until the end of the tax year at issue, December 31, 2025. Unde...
IRS Whistleblower Office Celebrates National Whistleblower Day (IR-2025-78)
The IRS Whistleblower Office emphasized the role whistleblowers continue to play in supporting the nation’s tax administration ahead of National Whistleblower Appreciation Day on July 30. The IRS ha...
Rates Used in Computing Special Use Value Issued, Rev. Rul. 2025-16
The 2025 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...
AZ - Misconceptions about the legality of taxes addressed
Arizona issued guidance to address misconceptions and false claims about personal income taxes. The ruling confirms that filing tax returns and paying taxes are mandatory and not voluntary under Arizo...
CA - Guidance provided for IRC sec. 355 transactions when DISA balance is attributable to distributed stock
The California Franchise Tax Board has issued guidance on how a Deferred Intercompany Stock Account (DISA) balance affects basis and income recognition when stock is distributed to shareholders in a n...
CO - Electric bicycle credit guidance updated
The Colorado Department of Revenue updated its electric bicycle credit guidance to add additional information relating to registration, new qualified electric bicycles, report due dates, reporting ret...
NY - Imposition of gross receipts tax preempted by ITFA
In a New York case involving a company that provided various services, such as fiber broadband aggregation and access, the Tax Appeals Tribunal held that the gross receipts tax imposed under Tax Law S...
UT - Multiple locations impose municipal energy sales and use tax
Beginning October 1, 2025, the 25 locations listed in the Utah Tax Bulletin each impose the municipal energy sales and use tax at the rate of 6%. Tax Bulletin No. 16-25, Utah State Tax Commission, Au...
WA - Manufacturer that deviated from facts contained in letter ruling could not rely on it to evade liability
A manufacturer and seller of medical imaging devices could not rely on a Department of Revenue letter ruling to provide safe harbor from manufacturing business and occupation (B&O) tax liability b...
WY - Local tax rate changes announced
Wyoming has issued a revised overview of changes in local tax rates effective July 1, 2025, for sales, use, and lodging taxes across various localities. The only change from the chart issued April 1, ...

Welcome to Simmons & Company

A Professional CPA Corporation

Simmons & Company is the CPA firm to meet your individual and business tax needs. We deliver a complete client service experience with professional, yet personal attention. Please browse our site to learn more about our company and our services.

"As the CPA behind Simmons & Company, I strongly believe in the value of professional relationships. I view every client relationship like a partnership and I truly believe that my success is a result of your success."

--Marc L. Simmons, CPA

At Simmons & Company, we have developed strong expertise in areas serving:

  • Dental and Medical Practices and their Owners
  • Professional Service Firms
  • High Net Worth Individuals
  • Trusts and Estates
  • Real Estate

In addition to giving you information about Simmons & Company, our site provides many useful resources for both clients and visitors. Our Info Center includes tax forms, due dates and a searchable tax guide that explains a variety of tax rules when you need a quick answer. Since up-to-the minute tax updates often influence many financial decisions, our Newsletter page brings you tax news and articles that might affect your bottom line. Our Financial Tools section provides calculators to help you consider financial decisions such as refinancing your home, purchasing a new vehicle or preparing for retirement. Finally, our Links page gives you direct links to many useful Internet sites.

We encourage you to add simmonscpa.com to your favorites and use it to its full capacity. Our site is continually updated with valuable information to assist you. We welcome your input and invite you to contact us with your questions or comments!

Simmons & Company, A Professional CPA Corporation does not discriminate or tolerate discrimination based upon gender, sexual orientation, gender identity, gender expression, age, race, color, national origin, religion, disability, veteran, marital status or other protected status covered by federal, state or local law.

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