RESOURCES

Minnesota Pass-Through Entity (PTE) Tax Election Set to ExpireEffective for tax years beginning after December 31, 2025, the Minnesota PTE Tax election — which permits certain partnerships, limited liability companies and S-corporations to pay state income tax at the entity level rather than pass it through to individual owners — is scheduled to expire. If [...]

Closing Date Set for E-Filing in 2025 by the IRSThe IRS has announced that the annual e-file shutdown for system maintenance will begin on Friday, December 26, 2025, at 11:59 a.m. Eastern Time. During this period, the IRS takes its electronic filing systems offline to update forms, security features, and programming for the upcoming tax [...]

Government Shutdown Ending, Funding Bill SignedPresident Trump signed a bill on November 12 to reopen and fund the federal government after the longest shutdown in U.S. history, which lasted 43 days and affected millions of Americans. The stopgap measure extends most government funding through January 2026 and provides full-year appropriations for specific agencies. The bill [...]