Postmarks and donations; tuning up your comp system; please, Santa…; and other highlights from our favorite tax bloggers.
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Generally positive
- Berkowitz Pollack Brant (
https://www.bpbcpa.com/articles-press-releases/ ): The One Big Beautiful Bill Act was kindest to investors, as seen in expansion of IRC Sec. 1202, which enables owners and early investors in domestic C corporations to permanently exclude capital gains from the sale or exchange of qualified small-business stock. A generally positive look for OBBBA benefits. - ITEP (
https://itep.org/category/blog/ ) Refundable tax credits remain a tried and effective option for boosting incomes. Despite tightened budgets from a slowing national economy and federal tax cuts, some states have taxed the top to successfully improve tax credits, setting an important example for other states to follow. - Yeo and Yeo (
https://www.yeoandyeo.com/resources ): A look at recent IRS guidance on President Trump’s $1,000 child accounts. - TaxConnex (
https://www.taxconnex.com/blog- ): How states can profit big with sales tax audits. - CLA (
https://www.claconnect.com/en/resources?pageNum=0 ): Could a simple postmark date put a donation at risk? - The Rosenberg Associates (
https://rosenbergassoc.com/blog/ ): Many firms find that their comp system works … until it doesn’t.
Minding their store
Make sure the “6” is straight
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