The limits of DOGE; big pharma and the Tax Cuts and Jobs Act; soda tax misaimed; and other highlights from our favorite tax bloggers.
Keeping It Straight
- HBK (
https://hbkcpa.com/insights/ ): In the latest lob of the ball back over the net, the Supreme Court says it will allow the Corporate Transparency Act and beneficial ownership reporting. - Eide Bailly (
https://www.eidebailly.com/taxblog ): Basically, on Jan. 23, the Supreme Court stayed an injunction on reporting, pending consideration by the 5th Circuit Court of Appeals. “However, there is another nationwide order issued by a different federal district court that remains in place, and the government states ‘reporting companies are not currently required to file beneficial ownership information with FinCEN despite the Supreme Court’s action’.” - Taxable Talk (
http://www.taxabletalk.com/ ): More on BOI reporting, with wittily placed strikethroughs. - Tax Vox (
https://www.taxpolicycenter.org/taxvox ): DOGE could end up missing some of the largest government programs — because they’re hidden in the Tax Code and run by the IRS.
Making an impression
We need to talk
- Tax Notes (
https://www.taxnotes.com/procedurally-taxing ): First-time blogger Abdulrahman Azzouni addresses when “Alternate Dispute Resolution Meets FOIA: Resolving Disputes Through Mediation.” - Palm Beach Accounting and Financial Services (
https://www.pbafs.com/blog ): Credit Where It Isn’t Due Dept.: What to remind them about the most common scams of IRS impersonators. - Tax Pro Center (
https://accountants.intuit.com/taxprocenter/ ): Per the IRS, a rundown on ever-popular gift card scams. - Boyum & Barenscheer (
https://www.myboyum.com/blog/ ): What nonprofit clients need to know — but might not want to tackle — about cost allocation. - Current Federal Tax Developments (
https://www.currentfederaltaxdevelopments.com/ ): There are big events in life and then there are big events in taxes: The IRS has denied tax-exempt status under Sec. 501(c)(3) to an organization that planned to provide assistance, primarily to its members in need, in the event of death, marriage or birthday. - Dean Dorton (
https://deandorton.com/insights/ ): Favorite opening of the week: “If your idea of financial leadership involves staring at spreadsheets until your eyes glaze over, we need to talk.”
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