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Welcome and thank you for visiting the website of Bates Income Tax. In addition to providing you with a profile of our firm and the services we provide, this website has been designed to become a helpful resource tool to you, our valued clients and visitors. Our dedication to superior client service has brought us to the Internet as we endeavor to continue to provide the highest quality professional service and guidance.

As you browse through our website, you will see that we have highlighted background information on our firm and the services we provide. We have also included useful resources such as informative articles (in our Newsletters section) and interactive financial calculators (in our Financial Tools section). In addition, we have taken the time to gather many links to external websites that we think would be of interest to our clients and visitors (in our Links section).

Please feel free to contact us with any questions or comments you may have - we would love to hear from you. We pride ourselves on being proactive and responsive to our clients' inquiries and suggestions.

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Tax Alerts

Tax Briefing(s)

One Big Beautiful Bill Act (Signed Into Law July 4, 2025)2025 Post-Filing Season Update 2024 Post-Election Tax Policy Update

IRS Reminds Newlyweds To Update Tax Information for Smoother Filing
The IRS has advised newly married individuals to review and update their tax information to avoid delays and complications when filing their 2025 income tax returns. Since an individual’s filing sta...

IRS Offers Relief for Individuals Who Missed April Tax Filing Deadline (IR-2025-66)
The IRS has announced several online resources and flexible options for individuals who have not yet filed their federal income tax return for the tax year at issue. Those who owe taxes have been enco...

Court Lacked Jurisdiction to Rule on Innocent Spouse Relief (Fakir, DC Mich.)
A district court lacked jurisdiction to rule on an individual’s innocent spouse relief under Code Sec. 6015(d)(3), in the first instance. The individual and her husband, as taxpayers, were liable f...

LLC Not Entitled to Full Conservation Easement Deduction; Adjusted Basis Limitation Affirmed (Glade Creek Partners, LLC, CA-11)
A limited liability company classified as a TEFRA partnership was not entitled to deduct the full fair market value of a conservation easement under Code Sec. 170. The Court of Appeals affirmed the T...

Married Couple not Entitled to Refund for Depreciation Deduction (Shleifer, DC Fla.)
A married couple was not entitled to a tax refund based on a depreciation deduction for a private jet. The Court found the taxpayers’ amended return failed to state the correct legal basis for the c...

AZ - Charitable contribution credit limits increased and updated definitions added
Arizona has amended its personal income tax credits for contributions to qualifying charitable and foster care organizations. Modifies the definitions of "qualifying charitable organizations (QCOs)"�...

CA - Collection and filing enforcement cost recovery fees set for 2025-26 fiscal year
California has set the the collection cost recovery fees and filing enforcement cost recovery fees to be imposed by the Franchise Tax Board during the 2025-26 fiscal year.For an individual, partnershi...

GA - Taxpayer bill of rights updated
Georgia has updated and reissued its Taxpayer Bill of Rights publication. Topics discussed include: taxpayer rights; obligations of the Department of Revenue; requesting a tax refund; disputing a noti...

MT - Property tax relief legislation signed
Montana Gov. Greg Gianforte signed property tax relief legislation created by H.B. 231 and S.B. 542. A tiered tax rate is created for residential and commercial class 4 property beginning in tax year ...

NV - Tax exemption criteria tightened for nonprofit organizations
Nevada's Department of Taxation has revised the criteria for nonprofit organizations to qualify for sales and use tax exemptions, requiring compliance with enhanced standards. In determining whether a...

NY - Tax-exempt cigarette annual amounts for Indian nations or tribes announced
The New York Department of Taxation and Finance has determined the annual amount of stamped cigarette tax-exempt packs of cigarettes for each of the Indian nations or tribes for the period beginning S...

NC: Guidance issued on weight-based snuff tax, alternative nicotine products tax, and inventory tax
Guidance is issued regarding recently enacted legislation, effective July 1, 2025, that changed the North Carolina excise tax rate methodology for snuff, imposed a new excise tax on alternative nicoti...

SC - Sales tax holiday dates announced
South Carolina has announced that the annual sales tax holiday will take place August 1, 2025, through August 3, 2025. The following items will be exempt:clothing and clothing accessories,footwear,sch...

TN - Various tax manuals updated
ennessee released updated versions of a number of its tax manuals, including those outlined below.Automotive dealerships. The automobile dealership manual was revised to remove outdated information...

TX - Bitcoin classified as intangible property for tax purposes
The Texas Comptroller issued a private letter ruling providing franchise tax guidance to a taxpayer engaged in acquiring and reselling Bitcoin (BTC). The ruling states that BTC is classified as intang...