News Updates

Read Chris Chappelear's recent op-ed in the Omaha World-Herald.

Forvis Mazars explores positions on key topics that may affect businesses and individual taxpayers this election.

Tax policy has become a significant focus of the U.S. 2024 presidential election. The Tax Foundation has created a tool to keep track of the tax policies proposed by presidential candidates during their campaigns.

Core sections of the newly designed CPA Exam were graded quarterly during the testing model’s first year, but 16 grading periods are scheduled for 2025.

Kelly Williams thought ChatGPT versions 3.5 and 4 were impressive. Then she tried ChatGPT-4o and was blown away. Learn about this powerful tool — and ways CPAs can use it — in this Tech Q&A article.

A bipartisan law, passed to protect U.S. economic and national security, requires many small businesses to report beneficial ownership information to the U.S. government about the real people who own or control them.

A KETV investigation reveals Gov. Jim Pillen and his businesses were eligible for more than $64,000 in tax credits that most Nebraskans won't be able to cash in on — all due to a bill passed during the special session.

Changes are provided for Income Tax, sales & Use Taxes, Tax Incentives, Miscellaneous, Lottery/Charitable Gaming, and LB 34 Special Session.

The CPA Competency-Based Experience Pathway offers an additional, competency-based option for CPA candidates. Comments on the proposal are being accepted through Dec. 6.

A change in how property owners receive credit for taxes paid to support the local school district may cause some Nebraskans to miss out on tax relief this year.

The Iowa Supreme Court has clarified that non-attorneys can now assist with preparing, filing, or deciding on beneficial ownership information (BOI) reports without it being considered unauthorized practice of law.

State Sen. Steve Erdman says the revisions are a ‘plain and simple retroactive property tax increase’; State Sen. Brad von Gillern says there will be ‘no net difference to the taxpayer.’

Society lobbyist Korby Gilbertson takes a closer look at the Property Tax Credit.

In August 2022, when President Biden signed into law the so-called Inflation Reduction Act, it included an $80 billion increase in IRS funding. According to a 2021 Treasury Department report, this funding was intended to increase the IRS workforce by 87,000 employees, primarily dedicated to increasing IRS’s capacity to audit taxpayers.

The Nebraska Department of Revenue (DOR) is providing information on property tax relief changes resulting from a new credit through the passage of LB 34 (2024).

Here is a Special Session Update from our lobbyist Korby Gilbertson at Radcliffe, Gilbertson & Brady.

Nebraskans who have claimed a state income tax credit for property taxes paid in support of their area community college should continue to do so in the coming year.

Governor Jim Pillen has requested federal funding to enable continued recovery from storms that impacted eastern Nebraska on July 31 and Aug. 1. Five counties sustained damage resulting from severe thunderstorms, straight-line winds, hail, and flooding including Cass, Douglas, Lancaster, Sarpy and Saunders.

Over the span of the last four months, Nebraska Gov. Jim Pillen lobbied energetically for significant property tax relief, with a stated goal of attaining 40% total property tax relief by the end of his second year in office. But when the Legislature completed its special session on Aug. 20, the result was an expanded and revamped program providing only about 3% to 4% more property tax relief, with total relief roughly around 20%, according to Pillen.

During the recent Special Session, the Nebraska Legislature passed LB34, which adopts the Property Tax Growth Limitation Act and the School District Property Tax Relief Act and changes provisions relating to revenue and taxation. The bill was signed by Gov. Jim Pillen on August 20, 2024.