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Tax Alerts
Tax Briefing(s)
2025 Year-End Tax PlanningOne Big Beautiful Bill Act (Signed Into Law July 4, 2025)2025 Post-Filing Season Update
IRS-CI Annual Report Highlights Significant Increase in Financial Crime Detection for FY25 (IR 2025-120)
IRS Criminal Investigation released its Fiscal Year 2025 Annual Report highlighting significant gains in identifying global financial crime. The agency reported a substantial increase in investigative...
IRS Seeks Public Comment on Proposed Voluntary Disclosure Practice Updates (IR 2025-124)
The IRS opened a 90-day public comment period to seek input on proposed updates to its Voluntary Disclosure Practice intended to simplify compliance requirements and standardize penalties. The proposa...
Information Letters Released by IRS (INFO 2025-0006—2025-0008)
IRS information letters have been released by the IRS National Office in response to a request for general information by taxpayers or by government officials on behalf of constituents or on their own...
Applicable Dollar Amount for Health Insurance Plan Fees Announced (Notice 2025-61)
The IRS has announced that the applicable dollar amount used to calculate the fees imposed by Code Secs. 4375 and 4376 for policy and plan years that end on or after October 1, 2025, and before Oc...
Partnership Claimed Deduction for Wrong Year, Penalties Imposed (Corning Place Ohio LLC., CA-6)
A partnership (taxpayer) was denied a deduction for an easement donation related to a property (P1). The taxpayer claimed the deduction for the wrong year. Additionally, the taxpayer (1) substantially...
AZ - Local tax rate table released
Arizona's Department of Revenue released the transaction privilege tax (TPT) rate chart effective January 1, 2026. There are noted changes for previously announced tax rates changes for Holbrook, Phoe...
CA - Low-income housing tax credit regulation changes adopted
The California Tax Credit Allocation Committee adopted changes to its low-income housing tax credit regulations. The changes relate to definitions, reservations of tax credits, set-asides, eligibility...
CO - Guidance on filing requirements related to master settlement agreement updated
Colorado updated its guidance on the filing requirements for tobacco product manufacturers and distributors in connection with the Master Settlement Agreement (MSA). Manufacturers selling cigarettes o...
NY - Publication revised to reflect extended expiration dates of additional taxes in various localities
New York has revised a publication setting out the enactment and effective dates of local New York sales and use tax rates to reflect changes in the expiration dates for additional taxes imposed in va...
UT - Governor’s budget proposal includes expanding the child tax credit
Utah Gov. Spencer J. Cox released his Fiscal Year 2027 budget proposal that includes:expanding the state child tax credit to provide an additional average benefit of $200 to families with children age...
WA - Natural gas need not touch semiconductor product to qualify for exemption
The taxpayer qualified for a Washington use tax refund on natural gas used in its production of solar grade silicon. The statutory exemption applies to the use of gases and chemicals in the production...
WY - Tax guidance updated for federal facility deliveries, nicotine pouches
In its quarterly newsletter, the Wyoming Department of Revenue noted that it has changed its position regarding the taxability of tangible personal property delivered to federal facilities. It will no...

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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