SALT and the bill; digital taxes worldwide; retaining clients; and other highlights from our favorite tax bloggers.
Beautiful noise
- Trout CPA (
https://www.troutcpa.com/blog ): What Big Beautiful, now on to the Senate, looked like after its squeaker vote. - CLA (
https://www.claconnect.com/en/resources?pageNum=0 ): Thirteen potential tax changes spelled out. - Taxbuzz (
https://www.taxbuzz.com/blog ): Republicans are united, some Democrats steadfast in opposition. What about other Dems from SALT-affected states? - Tax Foundation (
https://taxfoundation.org/blog ): How SALT cap workarounds for some pass-through entities are threatened by the bill. - Tax Vox (
https://www.taxpolicycenter.org/taxvox ): The tax portion has included several provisions affecting how the U.S. taxes foreign income, a new approach that could raise hundreds of billions. But the proposal has significant legal and practical challenges and could change the role of the U.S. in global business. - Institute on Taxation and Economic Policy (
https://itep.org/category/blog/ ): Against the backdrop of the Big Beautiful, states like Oklahoma and Louisiana are pursuing their own tax cuts.
Eliminating complexity
- TaxProf Blog (
http://taxprof.typepad.com/taxprof_blog/ ): Large multinationals are finding gold in the global digital economy. Tax jurisdictions have lost billions in tax revenue due to outdated laws that generally assume a brick-and-mortar economy and residence-based taxation. Governments have tried to update tax laws to meet the realities of the digital era but with only partial success. - Berkowitz Pollack Brant (
https://www.bpbcpa.com/articles-press-releases/ ): The IRS has announced withdrawal of final regs — issued just three months prior — that would have imposed new reporting requirements on partnerships engaged in certain related-party, basis-shifting transactions. How the IRS aims to eliminate "complex" and "costly" compliance burdens on partnerships. - Taxnotes (
https://www.taxnotes.com/procedurally-taxing ): After Boechler PC v. Commissioner, the blogger contends, "we are finally getting some equitable tolling rulings out of the Tax Court." One of the first: Aiello v. Commissioner, the opinion of which held that a collection due process petition erroneously mailed to the IRS Office of Appeals on the last day of the 30-day period to file could not be made timely in the Tax Court. - Don't Mess with Taxes (
http://dontmesswithtaxes.typepad.com/ ): Was this the last Energy Star sales tax holiday for appliances in Texas (and a few other states)?
Time to plan
- U of I Tax School (
https://taxschool.illinois.edu/blog/ ): What to remind them about summer jobs and taxes. - Avalara (
https://www.avalara.com/blog/en/north-america.html .html ): What exactly is a sales tax permit? - TaxConnex (
https://www.taxconnex.com/blog- ): There's no one-size-fits-all sales tax on clothing. - The Wandering Tax Pro (
http://wanderingtaxpro.blogspot.com/ ) What to remind them about taxes and 529s. - The Rosenberg Associates (
https://rosenbergassoc.com/blog/ ): When a firm grows to need more formal planning and strategic thinking, including succession planning, profitability and partner compensation. - Tax Times (
https://www.thetaxtimes.com ): What to expect when Florida audits a business (with excellent tips for clients about audits in general). - Parametric (
https://www.parametricportfolio.com/blog ): What to remind them about direct indexing, including tax considerations. - Armanino (
https://www.armanino.com/articles/ ): In the recent tax whirlwind around nonprofits, what potential tax changes that these organizations need to watch for. - Taxing Subjects (
https://www.drakesoftware.com/blog ): Feedback, action and timing: essentials of client retention for accounting firm.
