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In the blogs: Generally positive

Postmarks and donations; tuning up your comp system; please, Santa…; and other highlights from our favorite tax bloggers.

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Generally positive 

  • Berkowitz Pollack Brant (https://www.bpbcpa.com/articles-press-releases/): The One Big Beautiful Bill Act was kindest to investors, as seen in expansion of IRC Sec. 1202, which enables owners and early investors in domestic C corporations to permanently exclude capital gains from the sale or exchange of qualified small-business stock. A generally positive look for OBBBA benefits. 
  • ITEP (https://itep.org/category/blog/) Refundable tax credits remain a tried and effective option for boosting incomes. Despite tightened budgets from a slowing national economy and federal tax cuts, some states have taxed the top to successfully improve tax credits, setting an important example for other states to follow.
  • Yeo and Yeo (https://www.yeoandyeo.com/resources): A look at recent IRS guidance on President Trump’s $1,000 child accounts.
  • TaxConnex (https://www.taxconnex.com/blog-): How states can profit big with sales tax audits.
  • CLA (https://www.claconnect.com/en/resources?pageNum=0): Could a simple postmark date put a donation at risk?
  • The Rosenberg Associates (https://rosenbergassoc.com/blog/): Many firms find that their comp system works … until it doesn’t.

Minding their store

Make sure the “6” is straight