In the blogs: Grabbing attention

The unchanged tax code; AI hype; M&A promise; and other highlights from our favorite tax bloggers.

Grabbing attention

• The Tax Times (https://www.thetaxtimes.com): What the June SEC v. Jarkesy decision by SCOTUS could mean for fraud enforcement, IRS penalties and the review powers of the Tax Court.
• CLA (https://www.claconnect.com/en/resources?pageNum=0): A look at the Harris campaign's recently announced real estate-related measures.
• Tax Vox (https://www.taxpolicycenter.org/taxvox): Harris has vowed to make permanent temporary expansions to the Child Tax Credit and the Earned Income Tax Credit. Grabbing the most attention was the proposal for a larger CTC for families with newborns.
• Tax Notes (https://www.taxnotes.com/procedurally-taxing): The underlying case of Greenwald v. United States involves a single parent who claimed her two minor children as dependents and qualifying children for the EITC and the Additional Child Tax Credit. On her 2020 tax return, Crystal had about $11,000 of income and claimed an overpayment of just over $8,000, which was almost all related to the EITC and ACTC. That the disallowed refundable credits generated a refund suit and a discovery dispute involving the taxpayer and a nonparty makes this case worthy of attention.
• Tax Foundation (https://taxfoundation.org/blog): World War II shaped many aspects of the modern world, including the U.S. Tax Code. How dramatic changes to our system that military mobilization required didn't subside when the fighting finished.

Different Places

• The Buzz About Taxes (http://thebuzzabouttaxes.com/): What foreign execs need to know before moving to the U.S.
• Virginia – U.S. Tax Talk (https://us-tax.org/about-this-us-tax-blog/): For clients who might want to spread their green to greener overseas pastures, "U.S. Tax Traps: What Every American Must Know."
• TaxConnex (https://www.taxconnex.com/blog-): Have home rule jurisdictions made the burden of sales and use taxes too heavy?
• Dean Dorton (https://deandorton.com/insights/): The Kentucky Consumer Data Privacy Act means the state takes a big step towards safeguarding the personal information of its residents. A look at the key aspects and implications.

Great improvements

• Vertex (https://www.vertexinc.com/resources/resource-library/filter/field_asset_type/blog?page=0): The granular nature of tax data makes it an ideal proving ground for AI and ML, and tax leaders may want to champion the tax function as a launchpad for these technologies.
• Marcum (https://www.marcumllp.com/insights): All the AI hype has somewhat buried robotic process automation, despite the latter remaining a viable solution for automating business tasks.
• The Rosenberg Associates (https://rosenbergassoc.com/blog/): The meetings have gone great, the book of business looks promising and the prospect of the M&A is tantalizing. These deals can be great improvements — or poisonous if not handled properly.
• Wolters Kluwer (https://www.wolterskluwer.com/en/solutions/tax-accounting-us/industry-news): How to build a small firm's ideal tech stack.
• Sikich (https://www.sikich.com/insights/): A recent webinar covers the latest accounting and tax changes affecting nonprofits.
• The National Association of Tax Professionals (https://blog.natptax.com/): This week's "You Make the Call" looks at Albert, who owns a small business and has two employees, Tim and Sam, who only have ITINs but no Social Security numbers. Tim and Sam have been living and working in the U.S. and are treated as U.S. residents for tax purposes. Are they subject to FICA taxes?