What did and didn't make it into the bill; Shopify and sales tax; why the IRS dawdled; and other highlights from our favorite tax bloggers.
Catching the omnibus
- Sikich (
https://www.sikich.com/insights/ ): A look at tax provisions that didn't make it into the bill, business and personal. (For what did make it in,see our story .) - TaxMama (
http://taxmama.com ): Hey, preparer candidates. You know that blizzard of new tax laws that's been blowing recently? Turns out those brand new laws are going to be on your exam. - Avalara (
https://www.avalara.com/blog/en/north-america.html ): Six hundred blatant reasons to do this might have just evaporated with the latest IRS announcement, but here's what to remind clients anyway about the 1099-K. - Current Federal Tax Developments (
https://www.currentfederaltaxdevelopments.com/ ): Turns out the IRS will not require reporting on digital assets by brokers as required by the Infrastructure Investment and Jobs Act until regulations are issued. - Institute on Taxation and Economic Policy (
https://itep.org/category/blog/ ): Where should the profits of global corporations be taxed? Not an easy question in these days of a United Earth of Business — but the European Union is taking a shot at the answer.
Paradise Cost
- Taxbuzz (
https://www.taxbuzz.com/blog ): Oahu homeowners are appalled by property values and property taxes that have recently skyrocketed. - Virginia – US Tax Talk (
https://us-tax.org/about-this-us-tax-blog/ ): Tons have been penned about Social Security benefits and taxation — but what if they're paid to U.S. and non-U.S. individuals, including ex-pats? - Turbotax (
https://turbotax.intuit.com/ ): Do they know that they may be able to claim their couch potato friend as a dependent? - TaxConnex (
https://www.taxconnex.com/blog- ): Shopify's number of users is through the roof, but where does sales tax figure into using the giant ecommerce platform?
Danger danger
- Tax Vox (
https://www.taxpolicycenter.org/ ): We know that the IRS was slow to audit Trump's returns. We also need to know why. - John R. Dundon II EA (
http://www.johnrdundon.com/ ): Will sales tax on services soon become real in Colorado? - Tax Foundation (
https://taxfoundation.org/blog ): Connecting taxes to bearer bonds to Christmas movies to the action flick "Die Hard" is not the tangle of tree lights it sounds like. - Taxable Talk (
http://www.taxabletalk.com/ ): A recent Tax Foundation report showed overall gain and loss of population and taxpayers' adjusted gross incomes mid-2019 through mid-2020. For the most part, high-tax states were the biggest losers and low-tax states the biggest winners. - Mauled Again (
http://mauledagain.blogspot.com/ ) MIT has released a study with the tagline, "Should we tax robots?"
Another year
- Solutions for CPA Firm Leaders (
http://ritakeller.com/blog/ ): For small firms especially, recent weather has further shown what the pandemic started: Tech must be in place to facilitate remote work. - AICPA Insights (
https://www.aicpa.org/blog ): The AICPA 2021 Trends Report found that 41% of accounting graduates are nonwhite, as are a sizable portion of partners and professional staff. To address the staffing shortage and build a sustainable accounting profession, creating a culture of belonging is essential — and now is a great time to adjust recruiting strategies and increase the diversity of your teams. - Summing It Up (
http://blog.freedmaxick.com/summing-it-up ): Cybersecurity only seems to get worse, and your health care clients are particularly vulnerable. How they can fight back. - Canopy (
https://www.getcanopy.com/blog ): What is a WISP, do you need one and how do you get one? - National Taxpayer Advocate (
https://www.taxpayeradvocate.irs.gov/taxnews-information/blogs-nta/ ): What Santa needed to deliver to improve last filing season. All we want is our fair share. - Surgent Income Tax School (
http://www.theincometaxschool.com/blog/ ): Anticipating and navigating the typical obstacles to closing the books on another year. - Don't Mess with Taxes (
http://dontmesswithtaxes.typepad.com/ ): Still a few more hours for them to take these eight can't-miss tax moves for 2022.
