W-2G income; addressing the CPA shortage; qualities of a crypto tax pro; and other highlights from our favorite tax bloggers.
Price of fame
- Mauled Again (
http://mauledagain.blogspot.com/ ): A machine learning blog seems convinced that tax forms are in the Tax Code. How many of the blog's readers believe that? - Withum (
https://www.withum.com/resources/ ): Prior to the Tax Cuts and Jobs Act, a portion of unreimbursed out-of-pocket expenses paid by employees were a miscellaneous itemized deduction on an employee's personal return. The TCJA suspended the deductibility rule through 2025, and use of accountable plans became even more beneficial for employers. What to understand. - The Tax Times (
https://www.thetaxtimes.com ): Place Your Bets Dept.: How the IRS thinks it might rake in a cool billion-plus from unreported W-2G income. - TaxConnex (
https://www.taxconnex.com/blog- ): A look at industries with the most complex sales tax compliance. - The Rosenberg Associates (
https://rosenbergassoc.com/blog/ ): "America's most famously boring profession is in trouble:" Marc Rosenberg responds to a recent Chicago Tribune front-pager about the CPA shortage.
Letter carriers
- The Buzz About Taxes (
http://thebuzzabouttaxes.com/ ): What NRAs need to know about FIRPTA before they sink money into RE in the U.S. - Don't Mess with Taxes (
http://dontmesswithtaxes.typepad.com/ ): The IRS is looking for a few good VITA and TCE volunteers. - MeyersBrothersKalicka (
https://www.mbkcpa.com/insights ): Owning a life insurance policy can provide peace of mind to a client, and it's generally a good idea to set up an ILIT to hold the policy and keep the proceeds out of the taxable estate. But what if your client has an ILIT they no longer need?
A few examples
- Taxjar (
https://www.taxjar.com/resources/blog ): Increased valuation, audit preparation and compliance being easier from the beginning than as a game of catch up: Why startups should outsource sales tax. - The National Association of Tax Professionals (
https://blog.natptax.com/ ): Application to the National Guard, Form DD2058, moving expenses: Top questions from a recent webinar on taxes for military personnel. - Gordon Law (
https://gordonlawltd.com/blog/ ): Knowledge, software, tax options: What's a crypto client looking for in a crypto-savvy tax pro?
Urgent needs
- Vertex (
https://www.vertexinc.com/resources/resource-library/filter/field_asset_type/blog?page=0 ): The U.K.'s most recent VAT guidance highlights an urgent need for tech adoption. - Marcum (
https://www.marcumllp.com/insights ): The essence of the partnership between a business and its outsourced back-office accounting service provider. - AICPA & CIMA Insights (
https://www.aicpa-cima.com/blog ): How the drive to cut carbon emissions presents a chance for management accountants to play a key role in steering organizations through the complexities of net-zero transition planning. - National Taxpayer Advocate (
https://www.taxpayeradvocate.irs.gov/taxnews-information/blogs-nta/ ): What to remind them about superseding returns.
