Hegseth's IRS notice; CPA exam questions; spotting cyberattacks; and other highlights from our favorite tax bloggers.
Painful choices
- Eide Bailly (
https://www.eidebailly.com/taxblog ): The new Secretary of Defense claims his recent dunning letter from the IRS was a parting shot from the Biden administration. Tax controversy specialist Elyse Katz proposes a less exciting but much more likely explanation (and "we have seen plenty of these notices from people without cabinet nominations"). - Avalara (
https://www.avalara.com/blog/en/north-america.html ): The latest on the steel and aluminum tariffs. - HBK (
https://hbkcpa.com/insights/ ): Post-Trump election, the M&A market shows signs of a significant shift: a new normal in an uptick in middle-market activity and an increase in business values. - Tax Vox (
https://www.taxpolicycenter.org/taxvox ): The House Budget Committee is scheduled to consider a fiscal framework that would make room for some $4.5 trillion in tax cuts over the next 10 years, along with at least $1.5 trillion in spending reductions. But the House GOP's efforts to draft "one big beautiful bill" would fall short of the cost of ambitious revenue goals and leave House Republicans with painful choices. - Current Federal Tax Developments (
https://www.currentfederaltaxdevelopments.com/ ): In Blum v. Commissioner, the Tax Court addressed a dispute concerning the disallowance of a $78.5 million tax shelter loss, penalties and the validity of IRS notices. - Dean Dorton (
https://deandorton.com/insights/ ): How relatively recent federal guidance on NIL and Title IX is yet another thing that's changed.
Ultimate rewards
- Sovos (
https://sovos.com/blog/ ): Up and Up Dept.: Of tariffs and sales taxes. - U of I Tax School (
https://taxschool.illinois.edu/blog/ ): A recent webinar looks at changes in Illinois tax law, including the IL Gives Credit, Paid Leave for All Workers, and sales and use tax on tangible personal property, among others. - Withum (
https://www.withum.com/resources/ ): How does the New York State Film Tax Credit program work, and who's eligible to claim the credit? - Taxjar (
https://www.taxjar.com/resources/blog : March sales tax due dates. - Turbotax (
https://blog.turbotax.intuit.com ): What to remind them about the many and varied homeowner tax deductions. - Armanino (
https://www.armanino.com/articles/ ): The "ultimate guide" to construction audits.
It don't come easy
- The Rosenberg Associates (
https://rosenbergassoc.com/blog/ ): Consulting leaders who help compile the Rosenberg Survey are asked to provide insights and perspectives annually. Here's what they had to say about the past 12 months and predictions for this year. One example: "In the last year, getting work was easy, but getting it done was hard." - AICPA & CIMA (
https://www.aicpa-cima.com/blog ): CPA candidates now have their latest Uniform Examination scores, and the score release period has raised questions. There's also discussion about whether parts of the exam are too hard and other parts are too easy. A closer look. - TaxProCenter (
https://accountants.intuit.com/taxprocenter/ ): Ask your client if they were truly likely to get an email from a CEO asking to make a change to a bank account at 5 p.m. on a Friday? What a cyberattack even looks like and three ways to protect your clients' data (and your own). - Taxbuzz (
https://www.taxbuzz.com/blog ): What to remind them about what TINs are not acceptable for an Earned Income Tax Credit. - TaxConnex (
https://www.taxconnex.com/blog- ): Your e-commerce clients looking to do business on Native American tribal lands should know that sales tax obligations there resemble those obligations in other areas of the U.S. — but can differ in important ways. - Mauled Again (
http://mauledagain.blogspot.com/ ): Tax rates "just two generations ago" are a bit of a surprise. And fav lines of the week: "It's a wonder what the lack of education can do to a person. It's also a wonder what a bad education can do to a person. What's sad is what it does to everyone else."
