AT Think

In the blogs: Something fishy 

Debate over the Tax Cuts and Jobs Act; assessing last season; Etsy and sales tax; and other highlights from our favorite tax bloggers.

Something fishy

  • Gordon Law (https://gordonlawltd.com/blog/): Kippers and bitcoin on the same plate? A pair of Supreme Court cases regarding the herring fishing industry could actually reshape how cryptocurrency is taxed and regulated.
  • National Taxpayer Advocate (https://www.taxpayeradvocate.irs.gov/taxnews-information/blogs-nta/): International information return penalties affect more taxpayers than just the rich: Lower- and middle-income individuals, owners of small and midsize businesses and immigrants can all face life-altering penalties for failing to meet obscure and complex requirements. Those taxpayers need to know their rights.
  • Tax Vox (https://www.taxpolicycenter.org/taxvox): Slowing climate change has been a signature issue for President Biden, but he has also been a booster of American manufacturing. How his recent $18 billion in new tariffs on Chinese electric vehicles and solar panels will also have an "unfortunate effect" on U.S. workers. 
  • Global Taxes (https://www.globaltaxes.com/blog.php): The IRS has made good use of FACTA to collect what's due. But will the agency start using it more and more with a presumption of guilt?
  • Don't Mess with Taxes (http://dontmesswithtaxes.typepad.com/): The IRS, or at least its Direct File program, has a new PR agency: a group of Capitol Hill Democrats and independents.
  • Eide Bailly (https://www.eidebailly.com/taxblog): T, C, J and A appears to be a new way to spell "delay:" A handful of lawmakers recently began speaking about the tax fight next year, which will likely be a slog possibly beyond 2025.

State your case

  • John R. Dundon II EA (http://johnrdundon.com/): A look at Colorado legislation so far in 2024, what's turning into "the year of the deal" in Denver over state and property taxes.
  • Taxbuzz (https://www.taxbuzz.com/blog): A major prepared food tax idea in Maryland, Montana's property (tax) boom sparking political turmoil, and scam tax letters in North Carolina are among recent top accounting headlines.
  • Taxjar (https://www.taxjar.com/resources/blog): Does Arkansas charge sales tax on services?

Maintaining balance

  • The Rosenberg Associates (https://rosenbergassoc.com/blog/): Assessing the highs and lows of the busy season just gone by, a poll of partners and partner candidates from small-to-midsize firms showed a third of respondents ranking it among the best and an equal number reporting "a balanced mix" of experiences.
  • Boyum & Barenscheer (https://www.myboyum.com/blog/): M&A is enjoying a big rebound this year. Just make sure your clients who are buying know what they're getting after taxes.
  • Virginia – U.S. Tax Talk (https://us-tax.org/about-this-us-tax-blog/): Marriage is hard enough, but mixed-nationality couples typically face even more challenges — especially concerning taxes when one spouse is a U.S. citizen and the other isn't.
  • Avalara (https://www.avalara.com/blog/en/north-america.html): What your clients who sell on Etsy should know about sales tax.
  • AICPA & CIMA Insights (https://www.aicpa-cima.com/blog): The PFP Champion Program, which aims to inform about the value of a CPA personal financial planner and has existed for only a few months, has already made strides toward strengthening the CPA planning profession.
  • Marcum (https://www.marcumllp.com/insights): A financial statement audit for a venture capital fund involves examining a ton of details with a strict eye, not to mention that auditing criteria for venture funds may differ based on various elements. A look at the prevalent valuation methods to estimate fair value of venture capital investments.
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Tax tools IRS Tax preparation Cryptocurrency Sales tax Tax season M&A CPAs Venture capital
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