Shutdowns and tax obligations; 529 money and the CPA exam; gig questions; and other highlights from our favorite tax bloggers.
Transformations
- Taxable Talk (
http://www.taxabletalk.com/ ): What to remind them about the surprisingly small effect a shutdown can have on tax responsibilities. - AICPA & CIMA Insights (
https://www.aicpa-cima.com/blog ): More people can tap into the benefits of 529s plans since the OBBBA broadened the definition of qualified expenses. What funding has become available for the CPA exam? - Wiss (
https://wiss.com/insights/read/ : Adopting new real estate accounting software should streamline operations, improve financial clarity and save time. But the road to implementation is often riddled with obstacles. Real estate companies can transition more smoothly into using new accounting systems by understanding and conquering everyday challenges. - Withum (
https://www.withum.com/resources/ ): The Cybersecurity Information Sharing Act of 2015 expired two weeks ago. This law previously enabled and protected the voluntary sharing of cyber threat indicators between private entities and the federal government. Key new implications for organizations. - CLA (
https://www.claconnect.com/en/resources?pageNum=0 ): By transforming the opportunity zone program from a temporary tax incentive into a permanent fixture of the Tax Code, the OBBBA launches a new era of place-based investment.
Paper chase
Making it easy
- National Association of Tax Professionals (
https://blog.natptax.com/ ): Sorting through short-term rental income rules, you’re expected to know whether your client’s Airbnb or VRBO earnings belong on Schedule C or Schedule E, and whether self-employment tax kicks in. The IRS doesn’t make it easy (why should short-term rental income rules be any different?), but with the right knowledge, you can guide your clients through liabilities. - Tax Pro Center (
https://accountants.intuit.com/taxprocenter/ : Five steps to help accounting, tax and bookkeeping firm owners confidently price and offer premium advisory services. - Meyers Brothers Kalicka (
https://www.mbkcpa.com/insights ): A look at valuation discounts for gift and estate planning.
That’s the spirit
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