Debate over the Tax Cuts and Jobs Act; assessing last season; Etsy and sales tax; and other highlights from our favorite tax bloggers.
Something fishy
- Gordon Law (
https://gordonlawltd.com/blog/ ): Kippers and bitcoin on the same plate? A pair of Supreme Court cases regarding the herring fishing industry could actually reshape how cryptocurrency is taxed and regulated. - National Taxpayer Advocate (
https://www.taxpayeradvocate.irs.gov/taxnews-information/blogs-nta/ ): International information return penalties affect more taxpayers than just the rich: Lower- and middle-income individuals, owners of small and midsize businesses and immigrants can all face life-altering penalties for failing to meet obscure and complex requirements. Those taxpayers need to know their rights. - Tax Vox (
https://www.taxpolicycenter.org/taxvox ): Slowing climate change has been a signature issue for President Biden, but he has also been a booster of American manufacturing. How his recent $18 billion in new tariffs on Chinese electric vehicles and solar panels will also have an “unfortunate effect” on U.S. workers. - Global Taxes (
https://www.globaltaxes.com/blog.php ): The IRS has made good use of FACTA to collect what’s due. But will the agency start using it more and more with a presumption of guilt? - Don’t Mess with Taxes (
http://dontmesswithtaxes.typepad.com/ ): The IRS, or at least its Direct File program, has a new PR agency: a group of Capitol Hill Democrats and independents. - Eide Bailly (
https://www.eidebailly.com/taxblog ): T, C, J and A appears to be a new way to spell “delay:” A handful of lawmakers recently began speaking about the tax fight next year, which will likely be a slog possibly beyond 2025.
State your case
- John R. Dundon II EA (
http://johnrdundon.com/ ): A look at Colorado legislation so far in 2024, what’s turning into “the year of the deal” in Denver over state and property taxes. - Taxbuzz (
https://www.taxbuzz.com/blog ): A major prepared food tax idea in Maryland, Montana’s property (tax) boom sparking political turmoil, and scam tax letters in North Carolina are among recent top accounting headlines. - Taxjar (
https://www.taxjar.com/resources/blog ): Does Arkansas charge sales tax on services?
Maintaining balance
- The Rosenberg Associates (
https://rosenbergassoc.com/blog/ ): Assessing the highs and lows of the busy season just gone by, a poll of partners and partner candidates from small-to-midsize firms showed a third of respondents ranking it among the best and an equal number reporting “a balanced mix” of experiences. - Boyum & Barenscheer (
https://www.myboyum.com/blog/ ): M&A is enjoying a big rebound this year. Just make sure your clients who are buying know what they’re getting after taxes. - Virginia – U.S. Tax Talk (
https://us-tax.org/about-this-us-tax-blog/ ): Marriage is hard enough, but mixed-nationality couples typically face even more challenges — especially concerning taxes when one spouse is a U.S. citizen and the other isn’t. - Avalara (
https://www.avalara.com/blog/en/north-america.html ): What your clients who sell on Etsy should know about sales tax. - AICPA & CIMA Insights (
https://www.aicpa-cima.com/blog ): The PFP Champion Program, which aims to inform about the value of a CPA personal financial planner and has existed for only a few months, has already made strides toward strengthening the CPA planning profession. - Marcum (
https://www.marcumllp.com/insights ): A financial statement audit for a venture capital fund involves examining a ton of details with a strict eye, not to mention that auditing criteria for venture funds may differ based on various elements. A look at the prevalent valuation methods to estimate fair value of venture capital investments.
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