Conquering tariffs; bracing for notices; FBAR penalty timing; and other highlights from our favorite tax bloggers.
Whiplash
- Tax Foundation (
https://taxfoundation.org/blog ): Favorite headline of the week: "Making the Corporate Alternative Minimum Tax Less Silly." - Armanino (
https://www.armanino.com/articles/ ): And here's a headline that's bound to be popular as we knead our necks from the whiplash: "Conquer Tariffs with Confidence: A Guide for Business Leaders." - Vertex (
https://www.vertexinc.com/resources/resource-library/filter/field_asset_type/blog?page=0 ): Four takes on tariffs and taxes, both causes and effects. - Tax Vox (
https://www.taxpolicycenter.org/taxvox ): The Tax Cuts and Jobs Act paired a cut for corporations with scaling back business tax breaks, eliminating deductions that benefit few in exchange for lower tax rates that benefit everyone without sacrificing federal revenue. "But with their new Big Beautiful Bill, House Republicans have broken the 2017 corporate tax bargain." - Withum (
https://www.withum.com/resources/ ): A look at "Beautiful" business provisions. - Boyum & Barenscheer (
https://www.myboyum.com/blog/ ): What the bill means for those who make us beautiful — i.e., salon clients. - Yeo & Yeo (
https://www.yeoandyeo.com/resources ): There's no "EV" in "BBB": Remind them that electric vehicle credits might soon go the way of dollar-a-gallon gas.
Number-crunching
- Canopy (
https://www.getcanopy.com/blog ): "7-Figure Firm, 4-Hour Workweek: 5 Questions to Ask Yourself." - The National Association of Tax Professionals (
https://blog.natptax.com/ ): This week's "You Make the Call" looks at Sarah, a U.S. citizen who moved to London for work in 2024. On May 15, 2025, it hit her that she forgot to file her 2024 U.S. return. Was she required to file her 2024 taxes by April 15? - Taxable Talk (
http://www.taxabletalk.com/ ): Anteing up with Uncle Sam: The World Series of Poker is back, and one major change this year involves players from Russia and Hungary. After suspension of tax treaties with those nations, players will have 30% of winnings withheld. - Parametric (
https://www.parametricportfolio.com/blog ): Direct indexing seems to come with a common misunderstanding: On the performance statement, conflating the value of harvested losses with returns.
Problems brewing
- Taxing Subjects (
https://www.drakesoftware.com/blog ): No chill is chillier than the client's at the mailbox when an IRS notice appears out of the blue. How you can educate — and warn — them about the various notices everybody's that favorite agency might send. - Dean Dorton (
https://deandorton.com/insights/ ): Perhaps because they can be founded on trust, your nonprofit clients are especially vulnerable to fraud. - Global Taxes (
https://www.globaltaxes.com/blog.php ): When it's your time, it's your time: The clock starts on FBAR penalties when the tax forms are due and not when penalties are assessed — and even the death of the taxpayer doesn't extend the deadline. - TaxConnex (
https://www.taxconnex.com/blog- ): Your e-commerce clients can muck up sales tax obligations in many ways. How some of the seeds of trouble might hide in their own billing system. - Sovos (
https://sovos.com/blog/ ): What's up with the five states that don't have a sales tax? - Taxjar (
https://www.taxjar.com/resources/blog ): Humans are still needed to handle sales tax complexity, with real-world examples. - Wiss (
https://wiss.com/insights/read/ ): A business — and business-advising — success story from a California chicken eatery.
Almost half done
- Don't Mess with Taxes (
http://dontmesswithtaxes.typepad.com/ ): What to remind them about June's tax to-dos. - Avalara (
https://www.avalara.com/blog/en/north-america.html ): Call them a political gimmick or call them a boon: the year's remaining sales tax holidays.
