Shutdowns and tax obligations; 529 money and the CPA exam; gig questions; and other highlights from our favorite tax bloggers.
Capitol questions
- Tax Foundation (
https://taxfoundation.org/blog ): How the fiscal fight that resulted in the current federal government shutdown is, at its core, about the health care sector, spiraling health care costs and federal subsidies. - U. Illinois Tax School (
https://taxschool.illinois.edu/blog/ ) : Part of the OBBBA in the House, Public Law 86-272 stood to make groundswell changes to the nexus and interstate ecommerce. So what happened to the Senate OBBBA version of the provision? - Tax Vox (
https://www.taxpolicycenter.org/taxvox ): The OBBBA increased the maximum Child Tax Credit from $2,000 per child to $2,200 and indexed it for inflation going forward, a positive step for many families. But the changes won't reach the almost 30% of children that live in families that get less than the full CTC because their parents earn too little. The OBBBA did not change how the credit phases in. - Virginia - U.S. Tax Talk (
https://us-tax.org/about-this-us-tax-blog/ ): Can Trump revive the international Revenge Tax by executive order? - Turbotax Blog (
https://blog.turbotax.intuit.com ): What to tell them about their refunds and the IRS furlough. - Institute on Taxation and Economic Policy (
https://itep.org/category/blog/ ): A new CBO report finds that the Trump administration's latest corporate tax cuts are already worsening the already-challenging federal deficit.
At the doorstep
- Canopy (
https://www.getcanopy.com/blog ): Shame shame: "7 Accounting Tasks You Should Have Automated by Now (2025 guide)." - CLA (
https://www.claconnect.com/en/resources?pageNum=0 ): Suspicious activity reporting: How to handle the new FinCEN guidance. - The Rosenberg Associates (
https://rosenbergassoc.com/blog/ ): The industry needs leadership talent, successors who want to be CPA firm partner-level contributors. There's a big group of them right at the doorstep, but the profession continues to struggle to bring in the number of women leaders anywhere near parity with the number in the profession. - Current Federal Tax Developments (
https://www.currentfederaltaxdevelopments.com/ ): The U.S. District Court for Utah's decision in Greenway Equipment Sales, Inc. v. ERC Specialists, LLC, et al. focuses on the court's assessment of Article III standing in a lawsuit stemming from the utilization of Employee Retention Credit consulting services. This case provides insight for tax pros regarding the pleading requirements for damages claims against third-party promoters, particularly when the underlying credit results in a net for the taxpayer. - Mauled Again (
http://mauledagain.blogspot.com/ ): Michigan will impose a 24% tax on the sale of marijuana from growers and processors to retailers. Proceeds will be used to fund part of the cost of improving Michigan's roads. Is that tax a better policy than a vehicle mileage fee?
Need to know
- Yeo and Yeo (
https://www.yeoandyeo.com/resources ): The OBBBA introduced or updated numerous business-related tax provisions, changes likely to have a major impact on employers and payroll management companies and that include new information return and payroll tax reporting rules. A closer look at what's new beginning in 2026, and what businesses need to do this year. - TaxConnex (
https://www.taxconnex.com/blog- ): The latest your e-commerce clients need to know about marketplace facilitators. - Dean Dorton (
https://deandorton.com/insights/ ): "What to Know About Bonus Depreciation," the OBBBA-enhanced tax incentive that now allows businesses to immediately deduct the cost of eligible property in the year it is placed in service, rather than depreciating over several years. - Meyers Brothers Kalicka (
https://www.mbkcpa.com/insights ): What to remind them about the Work Opportunity Tax Credit. - Berkowitz Pollack Brant (
https://www.bpbcpa.com/articles-press-releases/ ): Services that Washington State recently added to its B&O tax base, and what this could mean to your clients.
