Postmarks and donations; tuning up your comp system; please, Santa…; and other highlights from our favorite tax bloggers.
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Generally positive
- Berkowitz Pollack Brant (
https://www.bpbcpa.com/articles-press-releases/ ): The One Big Beautiful Bill Act was kindest to investors, as seen in expansion of IRC Sec. 1202, which enables owners and early investors in domestic C corporations to permanently exclude capital gains from the sale or exchange of qualified small-business stock. A generally positive look for OBBBA benefits. - ITEP (
https://itep.org/category/blog/ ) Refundable tax credits remain a tried and effective option for boosting incomes. Despite tightened budgets from a slowing national economy and federal tax cuts, some states have taxed the top to successfully improve tax credits, setting an important example for other states to follow. - Yeo and Yeo (
https://www.yeoandyeo.com/resources ): A look at recent IRS guidance on President Trump's $1,000 child accounts. - TaxConnex (
https://www.taxconnex.com/blog- ): How states can profit big with sales tax audits. - CLA (
https://www.claconnect.com/en/resources?pageNum=0 ): Could a simple postmark date put a donation at risk? - The Rosenberg Associates (
https://rosenbergassoc.com/blog/ ): Many firms find that their comp system works … until it doesn't.
Minding their store
- Sikich (
https://www.sikich.com/insights/ ): It may seem like a staple of get-to-it-whenever lists, but IT audits do matter. Five ways they increase growth. - Taxbuzz (
https://www.taxbuzz.com/blog ): While waiting for tax season to clean up the numbers is costing your small-biz clients money. - Sovos (
https://sovos.com/blog/ ): E-biz clients' sales tax guides to Connecticut, Iowa, New Jersey and D.C. - Taxjar (
https://www.taxjar.com/resources/blog ): Four common challenges in sales tax for your SaaS business clients. - Avalara (
https://www.avalara.com/blog/en/north-america.html ): Copper Cop-out Dept: How the disappearing penny affects sales tax compliance.
Make sure the "6" is straight
- U of Illinois Tax School (
https://taxschool.illinois.edu/blog/ ) : Amazing what you can cram into 12 months: "IRS Year in Review: Another Year of Transition." - National Taxpayer Advocate (
https://www.taxpayeradvocate.irs.gov/taxnews-information/blogs-nta/ ): Favorite headline of the week: "Santa, Please remember taxpayers this holiday season." - Intuit Turbotax (
https://blog.turbotax.intuit.com ): What your clients might really be thinking about when they think about their money as the year comes to a close.
