Up in smoke; contingency planning; disaster strikes; and other highlights from our favorite tax bloggers.
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It's a gut punch
National Taxpayer Advocate : You finish your tax return before April 15 expecting a refund, only to discover you owe the IRS — and there's no realistic way to pay the full amount by the deadline. That moment can feel overwhelming. But don't panic. You're not alone, and you have options.TaxBuzz : When business owners think about tax deadlines, they usually focus on April 15. But one of the most common and costly missteps actually happens earlier and often goes unnoticed until it creates avoidable stress. The real issue isn't the filing season itself. It's missing the operational deadlines that make filing season manageable.Yeo & Yeo : The many tax-related provisions that went into effect last year after the One Big Beautiful Bill Act was signed into law are affecting 2025 federal income tax returns being filed now. However, some OBBBA provisions aren't taking effect until this year. Plus, some changes under previous legislation are also taking effect in 2026. Yeo & Yeo offers an overview of new tax provisions that individuals and businesses need to consider when conducting their 2026 tax planning.Wiss : There is no other legal industry in the United States that operates under a federal tax structure quite like state-legal marijuana. You can run a profitable, fully compliant business — licensed by your state, paying your employees, filing your returns — and still owe federal income tax on revenue that, after real operating expenses, you lost money on.
Par for the course
Vertex : Aside from the more obvious legal and economic impacts, from a supply chain management perspective, the U.S. Supreme Court's ruling that President Trump does not have statutory authority to impose tariffs under the International Emergency Economic Powers Act was par for the course.Armanino : Most manufacturers understand that supply chain disruption is inevitable. The real gap is not awareness. It's preparation. Armanino examines five high-risk scenarios to help answer the question: How do I know I'm conducting contingency planning in a way that will hold up when disruption happens?National Association of Tax Professionals: Every taxpayer has fundamental rights when dealing with the IRS. In 2014, the agency grouped existing protections in the Internal Revenue Code into what is now known as the Taxpayer Bill of Rights. Understanding all 10 rights helps taxpayers respond with confidence and helps practitioners protect clients at every stage of representation.HBK : Regardless of funding conditions this year, boards should already know: What happens if a major revenue source shifts — or funding is delayed? Most nonprofits track total revenue carefully. But funding structure often remains opaque to governance. And it's the structure, not just the level, that determines sustainability and resilience.
And then there were eight
Don't Mess With Taxes : Or there will be eight states with no individual income tax in 2028. That's when Washington State's new millionaires' tax is scheduled to go into effect.ITEP: ITEP also weighs in on Washington State being on its way to making history after the legislature approved the "millionaires' tax," a 9.9% tax on income over $1 million. The bill, which makes significant investments in public education and child care, will also expand the Working Families Tax Credit to reach an additional 460,000 households.Tax Foundation : Under HB26-1221, Colorado would make two changes that raise additional revenue by taxing income that doesn't actually exist. The proposed changes to the state's alternative minimum tax and net operating loss provisions are designed to overstate income, leading to double taxation and distorting taxpayer behavior.
Complacent about compliance
Sovos : For a long time, accounts payable was treated as an efficiency problem. Faster invoice processing. Fewer people involved in the process touching paper that didn't need to be touched. That thinking is outdated. Today, you simply can't talk about AP without talking about compliance. This is what's driving the shift to "compliant accounts payable."Massey and Co.: Running a small business today means juggling many responsibilities, and managing your finances accurately is one of the most important. Massey and Co.'s guide will help readers understand what CPA bookkeeping services are, why outsourcing them can benefit their business, and how these services support their financial health and future growth.The Sales Tax People : Many businesses don't realize they should have been collecting sales tax until it's too late. Growth brings opportunity, but it also expands your economic nexus footprint, especially if you're selling across state lines or online. If you're asking, "What happens if I didn't collect sales tax?" you're not alone.
