Department of Justice clipped; seven years of Wayfair; the true reason to change the Internal Revenue Code; and other highlights from our favorite tax bloggers.
Here to stay
- Don't Mess with Taxes (
http://dontmesswithtaxes.typepad.com/ ): Understated opening of the week: "It's not a particularly good time to be a federal employee looking to ensure tax compliance." The IRS has lost almost a third of its auditors to DOGE cuts, and now the DOJ's special tax crimes unit is axed. - TaxConnex (
https://www.taxconnex.com/blog- ): Happy birthday, Wayfair! Your sales tax hits just keep on comin'. - Taxing Subjects (
https://www.drakesoftware.com/blog ): Up with which you should not put: six tactics for handling problem clients. - Tax Vox (
https://www.taxpolicycenter.org/taxvox ): As Congress considers expanding the Child Tax Credit as part of its massive budget bill, a flashpoint is whether such a credit discourages parents from working. New research may indicate an answer. - Tax Foundation (
https://taxfoundation.org/blog ): The Senate Finance Committee's draft bill to address Tax Cuts and Jobs Act expirations and make other changes to the Tax Code, including ones to international taxation, promises a key feature of sound tax policy: permanence. - Eide Bailly (
https://www.eidebailly.com/taxblog ): And favorite headline of the week (via everyone's favorite big beauty): "Permanency Doesn't Come Cheap." - The Wandering Tax Pro (
http://wanderingtaxpro.blogspot.com/ ): What politicos dub "tax reform" just adds complexity to the code. How any "new Internal Revenue Code must acknowledge and confirm that the one and only purpose of the federal income tax system is to raise the money necessary to fund the government."
Key figures
- The Tax Times (
https://www.thetaxtimes.com ): This Time I'm Gonna Take It Myself Dept.: The Tax Court has dismissed an IRS deficiency case over an address error. - The Rosenberg Associates (
https://rosenbergassoc.com/blog/ ): How to score behaviors and not just revenue generation? What about that lack of buy-in from reluctant partners? When updating partner compensation systems at accounting firms, how to make real change. - Wolters Kluwer (
https://www.wolterskluwer.com/en/solutions/tax-accounting-us/industry-news ): What the shift to paperless for government payments means for tax preparers. - AICPA & CIMA Insights (
https://www.aicpa-cima.com/blog ): Congratulations to Chi Lam, CPA, MBA, a Ph.D. student in accounting at Louisiana State University and the first recipient of the Barry C. Melancon Professional Accounting Research Fellowship.
Keep on truckin'
- CLA (
https://www.claconnect.com/en/resources?pageNum=0 ): OBBBA could reshape the OZ landscape for rural communities. - Sikich (
https://www.sikich.com/insights/ ): What your association clients need to ask about allocations when selecting fund accounting software. (This series previously looked at accounting and reporting.) - Yeo & Yeo (
https://www.yeoandyeo.com/resources ): What to remind QuickBooks clients about a good mid-year review. - Taxjar (
https://www.taxjar.com/resources/blog ): Changes in sales tax laws nationwide as of mid-year. - Trout CPA (
https://www.troutcpa.com/blog ): How taxes and many other considerations figure into valuations for owners of trucking businesses. - The National Association of Tax Professionals (
https://blog.natptax.com/ ): If you find yourself needing to save a client's life, never forget to reach for innocent spouse relief. - U of I Tax School (
https://taxschool.illinois.edu/blog/ ): What to remind them about deducting the expenses of summer camp. - Berkowitz Pollack Brant (
https://www.bpbcpa.com/articles-press-releases/ ): What to remind them about next year's bump in health savings account contribution limits. - MeyersBrothersKalicka (
https://www.mbkcpa.com/insights ): A faulty estate plan is asking for tax disaster. Five no-no's, starting with a client's failure of basic understanding.
