Additional clarification was received from Denise Davis, a director at the IRS Taxpayer Services Division. The IRS’ primary focus is on implementing electronic refund and payment processing for the 2025 tax year – with implementation beginning in January 2026. With days remaining until the October 15th tax deadline, taxpayers may choose to prepare early, however…
As of September 30, 2025, the Cybersecurity Information Sharing Act of 2015 (CISA) has expired without reauthorization. This cyber threat sharing law previously enabled and protected the voluntary sharing of cyber threat indicators between private entities and the federal government. Key Implications for Organizations Key Legal and Compliance Risks The expiration introduces a complex web…
On August 27, 2025, the California Franchise Tax Board (“FTB”) approved the Final Regulations for Cal. Code Regs. tit. 18, §25136, which will be required for tax years beginning after January 1, 2026. The new rules outline significant changes made to the sourcing of revenue for non-tangible property transactions. The changes can be divided into…
If you’re running an e-commerce business in 2025, chances are your margins feel like they’ve been put through a paper shredder. That’s not just inflation talking, it’s tariffs. The global trade landscape has shifted dramatically, and online retailers are caught in the crosswinds. From the U.S. scrapping the $800 de minimis exemption to China tariffs…
October is Manufacturing Month: a time to recognize and promote the innovators, creators and problem-solvers who power one of the most vital industries in our economy. At Withum, we are proud to stand alongside manufacturers and their providers across the country, helping leadership teams navigate both today’s challenges and tomorrow’s opportunities. Shaping the Manufacturing Landscape…
Cybersecurity is no longer just a technical concern – it’s a core business risk management priority that directly affects operational continuity, client trust, and enterprise value. Foundational practices such as strong passwords, multi-factor authentication, phishing awareness, and regular system updates remain essential for every organization. But for executives and business owners, the stakes extend further….
The recent decisions from the Tax Court regarding the IRS’s authority to impose penalties under section 6038(b) have sparked significant debate among tax professionals and legal experts. The rulings in the cases of Farhy v. Commissioner and Safdieh v. Commissioner highlight a critical divergence in judicial interpretation concerning the IRS’s ability to assess penalties for…
Withum’s Union Ledger Podcast, will bring you in-depth discussions on a wide range of topics impacting labor unions – from auditing to compliance to cybersecurity.
Several companies have indicated their intent to invest in domestic manufacturing including Apple, NVIDIA, J&J, Roche. There are several state and local tax considerations in deciding where to select a location for a warehouse, factory, production facility, 3PL or distribution center. These considerations include income/franchise, sales/use and property taxes. Here are several state and local…