Responding — or not — to jurisdictions' notices; pitfalls of growth; e-invoicing; and other highlights from our favorite tax bloggers.
Getting creative
- Tax Foundation (
https://taxfoundation.org/blog ): Favorite headline of the week: "Sound Tax Policy Can Withstand Creative Destruction." - Canopy (
https://www.getcanopy.com/blog ): Five everyday tasks firms are automating with AI, from bookkeeping and data entry to invoicing, billing and expense management, and DM and data extraction. - Institute on Taxation and Economic Policy (
https://itep.org/category/blog/ ): States are debating how to respond to costly new federal tax cuts. Mentioned in this rundown: Delaware estimates a $400 million state revenue shortfall if no action is taken, and lawmakers in Maine and Michigan both decided to maintain their current policies, opting to not incorporate federal changes that mostly benefit large corporations. California and Connecticut would levy new taxes on the richest in select states, and a similar proposal is circulating in New Jersey. - Mauled Again (
http://mauledagain.blogspot.com/ ): What to tell a pro football team that now wants out of a tax deal? "If you need money, use your own. Use your owners' money. Use the money you would have been paying had your federal taxes had not been cut. You are running a business, so figure out how to run it without begging for handouts of taxpayer money. Do what the small-business owner or farmer is doing at the moment trying to survive. If anyone should be getting help, it's the people growing food, cleaning houses, selling appliances and offering other goods and services to the public that are of much greater importance." - Eide Bailly (
https://www.eidebailly.com/taxblog ): A look at the Treasury's determination to keep the guidance flowing amid the shutdown. - Taxjar (
https://www.taxjar.com/resources/blog ): Clients focused on streamlining their biz budget may prefer to manually manage each aspect of daily operations, including sales tax accounting and compliance. But heaping this on the plate of internal accounting or finance team ignites many challenges — ultimately leading to the sticker shock of the hidden costs of manual sales tax compliance. - Taxnotes (
https://www.taxnotes.com/procedurally-taxing ): Actions the IRS should take if it models a service-wide return preparer strategy on its existing program for refundable credits, including that strategy officials must have enough authority to ensure that when work is assigned to other divisions, those divisions treat it as a priority. - The Wandering Tax Pro (
http://wanderingtaxpro.blogspot.com/ ): The dangers of having them automatically respond to tax authorities' notices.
Regs and guidance
- Wiss (
https://wiss.com/insights/read/ : "Built-In Gains Tax and the Section 704(c) Trap: What You Need to Know." - Withum (
https://www.withum.com/resources/ ): Regulatory scrutiny around labor unions often changes with a new administration, so the need for accurate LM-2 reporting has never been more important. The risks of poor LM-2 reporting. - Dean Dorton (
https://deandorton.com/insights/ ): A look at recent IRS transitional guidance for businesses required to report car loan interest under the OBBBA. - U. Illinois Tax School (
https://taxschool.illinois.edu/ ): The 2025 Illinois Tax Delinquency Amnesty Act provides taxpayers with a limited-time opportunity to pay outstanding Illinois state tax liabilities without penalties or interest. What you need to know. - CLA (
https://www.claconnect.com/en/resources?pageNum=0 ): What to remind manufacturing clients about "the critical — and sometimes overwhelming" — preparation for their year-end financial statement audit. How to help them ready for this ordeal and even strengthen internal controls and build trust with stakeholders. - Berkowitz Pollack Brant (
https://www.bpbcpa.com/articles-press-releases/ ): A look at the IRS and Treasury's recently issued final regs concerning the SECURE Act that require certain high-income taxpayers' 401(k) and 403(b) plan catch-up contributions to be designated as after-tax Roth contributions, beginning in tax year 2026.
Complexities
- National Association of Tax Professionals (
https://blog.natptax.com/ ): Renewal season is here for some Enrolled Agents. - Vertex (
https://www.vertexinc.com/resources/resource-library/filter/field_asset_type/blog?page=0 ) Online marketplaces have seen enormous growth in recent years. But with growth comes complexity — especially when it comes to tax. Regulators worldwide are tightening rules, and marketplaces are increasingly being held responsible for tax compliance. Five common tax pitfalls to watch for. - Taxbuzz (
https://www.taxbuzz.com/blog ): What to remind them about the value of CPA letters. - Avalara (
https://www.avalara.com/blog/en/north-america.html ): What U.S. sellers (and their tax pros) need to know about e-invoicing.
