Tax News Daily
The latest tax news from around the world, summarised and tagged for tax professionals. Updated twice daily.
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July 2026 sales tax due dates
This article outlines the sales tax filing and payment due dates for July 2026 in the United States, providing a comprehensive compliance calendar for businesses required to remit sales tax across various states. It serves as a practical reference for tax professionals and businesses managing multi-state sales tax obligations, highlighting key deadlines to ensure timely filing and avoid penalties. The article is particularly relevant for e-commerce sellers and businesses with nexus in multiple jurisdictions, helping them stay current with state and local sales tax requirements during the July 2026 reporting period.
Colorado Enacts Broad Tax Code Changes
Colorado has enacted comprehensive tax code changes affecting multiple areas of state taxation. The legislation introduces broad reforms to Colorado's tax framework, impacting various taxpayer categories and tax obligations within the state. These changes are significant for businesses and individuals operating in Colorado, requiring careful review of updated compliance requirements, modified tax rates or bases, and new administrative procedures. Tax professionals advising clients with Colorado nexus should analyze how these legislative amendments affect existing tax positions, planning strategies, and filing obligations across the affected tax categories under the revised Colorado tax code.
Multistate Tax Trends: SALT Litigator Jennifer Karpchuk on Market-Based Sourcing Frictions, Digital Ad Taxes, and Multi-Jurisdictional Audit Risks
Tax litigator Jennifer Karpchuk discusses key state and local tax (SALT) trends affecting multistate businesses in the US. The interview covers market-based sourcing frictions, where inconsistent state rules create compliance complexity for service companies determining revenue attribution. Digital advertising taxes—following Maryland's contested levy—remain a significant concern as states explore similar measures. Multi-jurisdictional audit risks are escalating as states coordinate enforcement and expand nexus assertions post-Wayfair. Karpchuk highlights the litigation landscape around these issues, offering insights into dispute resolution strategies, the importance of proactive compliance planning, and how businesses can manage exposure across differing state tax regimes.
Are AI Services Causing States to Re-think How They Apply Sales Tax?
The proliferation of AI services is prompting U.S. states to reconsider their sales tax frameworks, which were largely designed for tangible goods and traditional software. As AI-driven products blur the lines between software-as-a-service, data processing, and information services, states face classification challenges that determine taxability. Some states are issuing guidance or revisiting existing rules to address whether AI outputs constitute taxable digital goods or exempt services. Tax professionals must monitor state-by-state developments closely, as inconsistent treatment creates compliance complexity. Companies offering or purchasing AI services should conduct nexus and taxability analyses to assess exposure under evolving state sales and use tax regimes.
Beer Taxes by State, 2026
The Tax Foundation's 2026 analysis examines excise tax rates on beer across all U.S. states, highlighting significant variation in tax burdens on brewers and consumers. State beer excise taxes range considerably, with some states imposing minimal rates while others levy substantially higher per-gallon taxes. These taxes are typically assessed on producers or distributors and passed along to consumers, affecting beer pricing and competitiveness across state lines. The data is relevant for beverage alcohol industry tax planning, compliance, and understanding the broader landscape of state-level sin taxes. The analysis provides a comparative reference tool for tax professionals advising clients in the brewing, distribution, or retail sectors.
Don’t mistake fluency for fact: The reality of AI tax research
This article examines the risks of relying on AI tools for tax research, cautioning tax professionals against confusing AI's linguistic fluency with factual accuracy. AI models can generate confident-sounding but outdated or incorrect tax information, a phenomenon known as 'hallucination.' The piece highlights that tax law is highly jurisdiction-specific, frequently updated, and nuanced—making it particularly vulnerable to AI misinterpretation. For sales tax compliance, where rates and rules vary by state and locality, errors can be costly. The article advises professionals to use AI as a supplementary tool rather than a primary source, always verifying outputs against authoritative official sources.
Illinois’ New Social Media Tax Is a Shambles
Illinois has enacted a new tax targeting social media companies, but the legislation has drawn significant criticism for its poorly drafted provisions and structural flaws. The Tax Foundation analysis highlights that the tax is riddled with ambiguities, implementation challenges, and potential constitutional issues. The measure appears to target large digital platforms operating in Illinois, raising concerns about its administrability, legal defensibility, and economic consequences. Critics argue the tax is hastily constructed, creating uncertainty for businesses and tax administrators alike. The article examines specific drafting deficiencies that could undermine enforcement and compliance, suggesting the legislation may face legal challenges and practical difficulties in collection.
The Scope of Personal Liability for Trust Fund Tax in the State of New York
This article examines personal liability for trust fund taxes in New York State, focusing on when individuals—such as corporate officers, directors, or employees—can be held personally liable for a business's failure to remit withheld payroll taxes. New York's Tax Law imposes 'responsible person' liability on those who willfully fail to collect or pay over withheld taxes, including sales tax and payroll withholding. The article analyzes the legal standards for determining 'responsible person' status, the willfulness requirement, and relevant case law. It provides practical guidance for tax professionals advising clients on minimizing personal exposure in trust fund tax disputes.
2026 sales tax software comparison: Find the right tool for your business
This article provides a comparative guide to sales tax software solutions for businesses heading into 2026. It evaluates key platforms to help businesses select the most appropriate tool based on their specific compliance needs, transaction volumes, and integration requirements. The comparison likely covers features such as automated tax calculation, filing capabilities, nexus tracking, exemption certificate management, and e-commerce integrations. Aimed at businesses navigating the complex US sales tax landscape — particularly following the South Dakota v. Wayfair ruling — the guide assists tax professionals and business owners in identifying software that streamlines multi-state compliance obligations and reduces manual administrative burden.
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