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For life sciences and startup companies, New Mexico’s gross receipts tax (GRT) can create exposure beyond traditional product sales. Its tax base is broader than a typical state sales tax, generally covering receipts from property and services, including certain out-of-state services whose resulting product is initially used in New Mexico. Businesses without a physical presence…
For years, taxpayers who wanted to pay federal taxes by credit or debit card generally had to use an outside payment processor. That arrangement could be changing. On October 16, 2026, Treasury and the IRS released final regulations under Section 6311 that remove regulatory barriers to the IRS accepting credit and debit card payments more…
What the OBBBA change means for recreational and professional gamblers Gambling and sports betting have become a routine part of many taxpayers’ financial lives, and the tax rules that come with them may not become apparent until a return is prepared. Gamblers may assume that a year of winning and losing similar amounts carries no…
Changes to the Canada Tariff List Under Section 338 The U.S.-Canada trade conflict has escalated significantly over the past several months, marked by the rollout of retaliatory tariffs and warnings of slowing economic growth. President Donald Trump signed a proclamation on October 23, 2026, modifying the 50% U.S. tariffs on Canadian imports under Section 338…
The U.S. Treasury Department has proposed regulations that would implement the 21st Century ROAD to Housing Act, which restricts certain large institutional investors from purchasing single-family homes beginning January 7, 2027. Under the law, the restrictions generally would apply to an investor engaged in the business of investing in, owning, renting, managing or holding single-family…