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Tax Alerts
Tax Briefing(s)
2026 Post-Filing Season Update2025 Tax Year-in-Review2025 Year-End Tax PlanningOne Big Beautiful Bill Act (Signed Into Law July 4, 2025)
IRS Issues Whistleblower Alert to Address Potential Fraud (IR 2026-54)
The IRS has issued a Whistleblower Alert highlighting concerns about the misuse, diversion or fraudulent use of federal funds by tax-exempt organizations, individuals and businesses. The IRS encoura...
Applicable Terminal Charge and SIFL Rates for Determining Value of Noncommercial Flights on Employer-Provided Aircraft Issued (Rev. Rul. 2026-8)
For flights taken during the period from January 1, 2026, through June 30, 2026, the terminal charge is $54.48, and the SIFL rates are: $.2980 per mile for the first 500 miles, $.2272 per mile for 501...
IRS Releases Excludable or Deductible Foreign Housing Expenses for 2026 (Notice 2026-25)
The IRS has provided the foreign housing expense exclusion/deduction amounts for tax year 2026. Generally, a qualified individual whose entire tax year is within the applicable period is limited to ma...
IRS Reports Over 4 Million Children Enrolled in Trump Accounts Pilot Program (IR 2026-42)
The IRS has announced that more than 4 million children were enrolled in tax-favoured Trump Accounts, with over 1 million qualifying for a $1,000 federal contribution under a pilot program. The enrolm...
IRS Expands Business Tax Account Access to Partnerships, Governments and Tax-Exempt Organizations (IR 2026-46)
The IRS expanded access to its Business Tax Account platform to partnerships, government entities and tax-exempt organizations. The expansion improved digital service and reduced administrative burden...
IRS Reports Timely Refund Processing and Increased Electronic Filing (IR 2026-43)
The IRS delivered timely refund processing during the tax year at issue. Most refunds were issued within 21 days, and returns were processed without delay. The IRS reported that a majority of individu...
AZ - Penny rounding rules issued
Arizona has adopted mandatory "Swedish rounding" for certain cash transactions in Arizona. The new rule applies when one-cent coins are not available or are not used by a seller at the point of sale a...
CA - Nonrecognition of gain from sale of storm-damaged property allowed
Owners of commercial property damaged by a storm were entitled to nonrecognition of gain from the sale of the property, the proceeds of which were used to acquire qualified replacement property. The F...
CO - Determination process for qualification as charitable organization codified
Colorado has enacted legislation codifying the process for determining whether an organization qualifies as a charitable organization for state sales and use tax purposes. If an organization presents ...
NY - Reinsurance allocation percentages released
New York has released the current list of reinsurance allocation percentages for insurance franchise tax purposes. The Department of Taxation and Finance advises that the percentage listed for a parti...
UT - Eligibility for child tax credit expanded
Beginning on and after January 1, 2026, eligibility for the Utah nonrefundable individual income tax credit for qualifying children is expanded by increasing the thresholds for the income-based phaseo...
WA - No property value reduction due to COVID-19 pandemic
A nonprofit hospitality association was not eligible for a reduction in property value for purposes of Washington property taxes due to the COVID-19 pandemic. Washington law provides that a property's...
WY - Electronic tax notices authorized
Wyoming has enacted legislation allowing the Department of Revenue to send notices related to sales and use tax electronically if a taxpayer has provided electronic contact information to the Departme...

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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