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In the blogs: Moving parts 

June 18, 2024
in Accounting
Reading Time: 2 mins read
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In the blogs: Moving parts 
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Reform’s many aspects; healing your energy; BOI deadline problem; and other highlights from our favorite tax bloggers.

Moving parts

  • Tax Foundation (https://taxfoundation.org/blog): Congress has started debating what to do about the upcoming expirations of the Tax Cuts and Jobs Act at the end of 2025. Before they decide, lawmakers should reexamine how all the moving pieces of the reform fit together.
  • Taxbuzz (https://www.taxbuzz.com/blog): The GOP vowing a tax overhaul if Trump wins, Maryland upping smoking taxes and Chicago cops socked with erroneous notice for pension repayments are among recent top accounting headlines.
  • Turbotax (https://blog.turbotax.intuit.com): What to remind gig-working clients about saving for retirement.
  • Palm Beach Accounting and Financial Services (https://www.pbafs.com/blog): What to remind all clients about the timing of retirement withdrawals.
  • Don’t Mess with Taxes (http://dontmesswithtaxes.typepad.com/): The Treasury says that since the credit transfer took effect five-and-a-half months ago, clean vehicle buyers have saved more than $1 billion in up-front costs on more than 150,000 qualifying vehicles. 
  • Tax Vox (https://www.taxpolicycenter.org/taxvox): What’s the next local tax alternative now that congestion pricing’s been put on ice for much of Manhattan?
  • Marcum (https://www.marcumllp.com/insights): Favorite headline of the week: “Top Ten Vitals to Take When Valuing a Medical Practice.”

Coming right up

Far away and right at home

  • Avalara (https://www.avalara.com/blog/en/north-america.html): The tricky term of “taxability” for products. Plus, is everybody ready for Minnesota’s new retail delivery fee (folks from Colorado don’t need to answer)?
  • TaxProf Blog (http://taxprof.typepad.com/taxprof_blog/): A look at a case that helped expand the medical expense deduction to nontraditional treatments, including energy healers that “connect spiritually through the universe.” Also, though the tax world waits for Moore, the Supreme Court will soon decide, as well on the estate case Connelly.
  • Virginia – U.S. Tax Talk (https://us-tax.org/about-this-us-tax-blog/): What to remind them about how long the IRS has to come a-lookin’.
  • AICPA & CIMA Insights (https://www.aicpa-cima.com/blog): As regulators, investors and governments turn up the heat on reducing carbon footprints, a new report advises management accountants on reporting two of the U.N.’s Sustainable Development Goals.
  • Global Taxes (https://www.globaltaxes.com/blog.php): Deadlines for the Corporate Transparency Act’s beneficial ownership information reporting could become a real PITA for foreign owners and part-owners of U.S. businesses.

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