In the blogs: Plan on it

The spending slice for honest taxpayers; crypto and filing goofs; God is your AI; and other highlights from our favorite tax bloggers.

Plan on it

• National Taxpayer Advocate (https://www.taxpayeradvocate.irs.gov/taxnews-information/blogs-nta/): The IRS plan on how the agency will spend its IRA-approved $80 billion in the next decade could "transform how the U.S. government administers the tax laws … while focusing on providing the service taxpayers deserve." Yet just a total of 10% of the funding is slated for taxpayer services and business systems modernization.
• The Tax Times (https://www.thetaxtimes.com): The well-heeled have the most to fear from a better, faster, stronger service — but bear in mind that training new examiners and auditors will take time.
• TaxMama (http://taxmama.com): Apparently part of the big plan is to actually call taxpayers back. The bad news: Taxpayers are already getting phishing emails and calls. So how will we be able to determine which ones really are from the IRS?
• Tax Vox (https://www.taxpolicycenter.org/): Favorite headline of the week: "Venmo, the $600 Threshold, And You: What's an (Honest) Taxpayer to Do?" 
• Don't Mess with Taxes (http://dontmesswithtaxes.typepad.com/): What to remind international American taxpayers about getting help from the IRS.   
• University of Illinois Tax School (https://taxschool.illinois.edu/blog/): The latest video examines the hot topic of your due diligence and liability in helping small-business clients try for the Employee Retention Credit with an amended return.
• Taxing Subjects (https://www.drakesoftware.com/blog): A look at the most recent IRS guidance and updated FAQs on mineral and battery component requirements for vehicles and the Clean Vehicle Credit.
• Global Taxes (https://www.globaltaxes.com/blog.php): After years of back and forth and forth and back over income gaps, some states have proposed laws to tax the uber-rich; President Biden has called for the same. Is America ready to leap this threshold?
• Procedurally Taxing (https://procedurallytaxing.com): Guest blogger Bob Probasco parses IRS guidance on when a taxpayer can file a refund claim three years after COVID changed normal filing deadlines. 

Lots of numbers

• Mauled Again (http://mauledagain.blogspot.com/): Ill-gotten gain versus the potential time of the sentence: The math doesn't work out for crooked tax preparers any better than for other criminals.
• Gordon Law (https://gordonlawltd.com/blog/): The five biggest goofs regarding crypto and taxes, with little "virtual" about the penalties for getting it wrong.
• Peisner Johnson https://peisnerjohnson.com/blog/): Six steps for your e-commerce clients' sales tax compliance. Might as well get it right from the start.
• Armanino (https://www.armanino.com/articles/): Among the "11 Effective Marketing Strategies to Drive Faster Business Growth" is one we don't think about enough: Gaining and retaining clients.

Coast to coast

• Tax Foundation (https://taxfoundation.org/blog): Missouri has improved its tax competitiveness in recent years, some say. And its House Bill 816, which recently passed the House and crossed over to the Senate, would build on past reforms and give Missouri one of the most competitive state tax codes in the country.
• Taxjar (https://www.taxjar.com/resources/blog): Economic nexus in Idaho.
• Sovos (https://sovos.com/blog/): What causes — and, maybe more importantly, what stops — state tax deficits?
• Institute on Taxation and Economic Policy (https://itep.org/category/blog/): A bill out of Arkansas that would cut the top personal income tax rate and the corporate income tax rate has found its way to the governor's desk, and the recent success of the capital gains excise tax in Washington State's highest court has officials in Seattle considering similar options. 

Study time

• Marcum (https://www.marcumllp.com/insights): How food and beverage clients can make the most out of their taxes.
• Avalara (https://www.avalara.com/blog/en/north-america.html): A recent study of tobacco and vape businesses found commonalities among companies that were the top performers in excise tax compliance management. What we can learn from them.
• TaxConnex (https://www.taxconnex.com/blog-): A recent survey of software and tech companies showed that the major reason they weren't satisfied with their current approach to managing sales tax was that the job takes too much staff time and that they lack understanding of the complexities of sales tax.
• Parametric (https://www.parametricportfolio.com/blog): Direct indexing is growing and it's important to know the benefits of tax-management variables on portfolios. Three vitals that impact after-tax efficiency: index construction, turnover and volatility.

Just suppose

• Taxable Talk (http://www.taxabletalk.com/): The latest Bozo Tax Tips offer a warning about blowing your own tax fraud horn all over social media and hoping your tax return gets to its destination with regular first-class postage.
• Virginia – US Tax Talk (https://us-tax.org/about-this-us-tax-blog/): Expatriation, the 8854 and fair market value of assets — or, "What a Difference a Day Makes."
• Tax Pro Center (http://proconnect.intuit.com/taxprocenter/): For those who haven't reached so high yet, why to move to the cloud.
• Turbotax (https://Blog.turbotax.intuit.com): As June looms, what to remind them about the tax benefits of marriage. (Be prepared to repeat this in about seven years.)
• Sikich (https://www.sikich.com/insights/): Maybe it'll help to think of artificial intelligence as "a friendly co-pilot."