IRS happenings; minimal talk of de minimis; new blog on the block; and other highlights from our favorite tax bloggers.
Lotus operandi
- Taxable Talk (
http://www.taxabletalk.com/ ): Bozo Tax Tip No. 1: Not remitting employment taxes. How could they own a business for 10 minutes without realizing there's no such thing as free money? - Global Taxes (
https://www.globaltaxes.com/blog.php ): The Credit Suisse fallout continues with two guilty pleas. - Turbotax (
https://blog.turbotax.intuit.com ): The "White Lotus" finale left fans with both a dramatic plot twist and a tax lesson for real life.
Welcome to the dance
- U of I Tax School (
https://taxschool.illinois.edu/blog/ ): Four tempestuous months for the IRS and the potential impact on practitioners. - The National Association of Tax Professionals (
https://blog.natptax.com/ ): What's behind wrong dates and other goofs late this season on IRS.gov — and what if anything's been done about them? - Institute on Taxation and Economic Policy (
https://itep.org/category/blog/ ): Attempts by Homeland Security to glom private info from the IRS on people who file taxes with an ITIN is not only trampling privacy laws but a change that could damage public trust in the IRS. - Sikich (
https://www.sikich.com/insights/ ): Dance with the legislation that brung ya: In Washington, they're doing the Taxes Two-Step. - Avalara (
https://www.avalara.com/blog/en/north-america.html ): President Trump hasn't said much about de minimis, which allows goods valued less than $800 to enter the U.S. duty-free. But now the White House has published guidance detailing the end of such exemptions for China. - Armanino (
https://www.armanino.com/articles/ ): A look at tariffs' "ripple effects" through businesses' tax strategies. - Sovos (
https://sovos.com/blog/ ): The latest timeline of Europe's ViDA. - Mauled Again (
https://mauledagain.blogspot.com/ ): Does privatization always work? When facts change, thinking must, too. - TaxProf Blog (
http://taxprof.typepad.com/taxprof_blog/ ): The one form of tax evasion unlikely to receive the scrutiny it deserves.
Opportunities and complications
- Taxpayer Advocate Service (
https://www.taxpayeradvocate.irs.gov/taxnews-information/blogs-nta/ ): Proposed voluntary withholding agreements in the Taxpayer Assistance and Service Act could change the game for independent contractors. - Tax Notes (
https://www.taxnotes.com/procedurally-taxing ): In United States v. Schaedler-Moore, a tenant who became an owner of a property contested the foreclosure action brought by the IRS. How the reason for contesting makes sense given the tenant's financial outlay even if her legal arguments fail. - Meyers Brothers Kalicka (
https://www.mbkcpa.com/insights ): Remind them that transfers of business interests or other assets to family members opens a three-year window where the IRS can challenge the values for gift tax purposes but that the statute of limitations doesn't kick in until one "adequately" discloses the transfers to the IRS. - Virginia – U.S. Tax Talk (
https://us-tax.org/about-this-us-tax-blog/ ): Stock options have become a key part of the expat executive's compensation package, especially when working for foreign employers. How these opportunities come with complex U.S. tax implications. - Canopy (
https://www.getcanopy.com/blog ): Professional proposals are key to winning new clients and long-term relationships. What are the benefits of proposal software for accountants? - TaxProCenter (
https://accountants.intuit.com/taxprocenter/ ): When you're a tech-savvy tax pro, everything starts to look like it can be automated. Can and should it be?
Lens is more
- TaxConnex (
https://www.taxconnex.com/blog- ): How sales tax applies to prescription eyewear. - Taxjar (
https:/www.taxjar.com/resources/blog ): May sales tax due dates. - Tax Foundation (
www.taxfoundation.org/blog ): Missouri is on the brink of a tax code transformation with a flat individual income tax rate.
New to us
- Wiss & Company (
https://wiss.com/insights/read/ ): This accounting and advisory firm, around for more than five decades, has a blog with great categories, including tax and AI — and lately, a robust selection on tariffs. Welcome!