In the blogs: Answer unclear; ask again later

E-comm challenges; advising on biz sales; the IRS and math errors; and other highlights from our favorite tax bloggers.

Answer unclear; ask again later

Stated bluntly

• Withum (https://www.withum.com/resources/): Washington Gov. Bob Ferguson recently signed legislation enacting significant tax hikes to both the state’s business & occupation and its sales & use taxes. Both aim to fill a large gap in the state’s budget.
• Tax Foundation (https://taxfoundation.org/blog): Oklahoma continues to pursue pro-growth tax reform, pursuing a variety of reforms to the corporate and individual income tax. Why it should, however, avoid policies that would hurt the economy, like enacting a wholesale elimination of the property tax.
• The Sales Tax People (https://sales.tax/expert-articles/): Social marketplace spending is growing fast, perhaps $200 billion by the end of the decade. For clients looking to tap into this bonanza, what are the sales tax implications?
• Vertex (https://www.vertexinc.com/resources/resource-library/filter/field_asset_type/blog?page=0): Is your team generally ready to handle e-commerce clients?
• Avalara (https://www.avalara.com/blog/en/north-america.html): Sales tax holidays might be fun for politicos to trumpet to consumers/voters, but these often-fluid breaks can drive e-commerce clients nuts. What could be done to improve holiday scheduling?
• TaxConnex (https://www.taxconnex.com/blog-): Remember when “movie night” meant a ticket, a $7 tub of popcorn coated yellow and a warm fold-down seat that a stranger had been sitting in moments before? No more: a look at sales tax and streaming services.
• Taxjar (https://www.taxjar.com/resources/blog): Why manual sales tax tools don’t always scale.
• Sovos (https://sovos.com/blog/): Part 2 of the blog series with KPMG continues to look at global e-invoicing.

Math hysteria

• The National Association of Tax Professionals (https://blog.natptax.com/): Stocks vs. assets, taxability of goodwill, installment methods: What tax pros should know before advising on a business sale.
• Tax Pro Center (https://accountants.intuit.com/taxprocenter/): A recent panel discussion looked at how AI can fit into your productivity and client work.
• Current Federal Tax Developments (https://www.currentfederaltaxdevelopments.com/): Substantiation of deductions often proves contentious, particularly with noncash charitable contributions. The recent Tax Court opinion in John Henry Besaw v. Commissioner provides a stark reminder of the record-keeping required to preserve these deductions.
• Wiss (https://wiss.com/insights/read/): What to remind them about the key benefits of outsourcing accounting services.
• Armanino (https://www.armanino.com/articles/): And a step-by-step checklist to see if outsourcing is finally right for your client.
• Taxnotes (https://www.taxnotes.com/procedurally-taxing): Imagine the IRS asserts that your client has a “math error” on their return under Sec. 6213. You don’t think there’s an error, so you send a timely request for abatement, which by law the IRS should honor. What happens if the IRS doesn’t?