In the blogs: It don’t come easy
It don’t come easy
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- Eide Bailly (https://www.eidebailly.com/taxblog): One under-the-radar issue on Capitol Hill may be coming to a head next year: taxation of such digital assets as crypto. Lawmakers are even now outlining legislation to address several tax issues with digital assets that, if enacted, would be the first major bill to create tax rules for the crypto realm.
- Taxjar (https://www.taxjar.com/resources/blog): Got a client who buys, sells, rubs or otherwise deals in SaaS? They may already have a bigger sales tax problem than they know. Here’s how to help them find it — and get rid of it.
- Yeo and Yeo (https://www.yeoandyeo.com/resources): “Whadda know, Norm?” Dept.: How to “Keep ‘Put It on My Tab” From Becoming a Problem for Your Business.”
- Vertex (https://www.vertexinc.com/resources/resource-library/filter/field_asset_type/blog?page=0): Consumer use tax compliance is more than a back-office task — it’s a complex, high-stakes responsibility that touches multiple teams and systems. The most pressing challenges.
- Sikich (https://www.sikich.com/insights/): How to help your clients seal the internal control cracks that matter the most.
- The Tax Times (https://www.thetaxtimes.com): Favorite headline of the week: “All That You Wanted to Know About Form 706A Part 1.”
- Taxable Talk (http://www.taxabletalk.com/): Robert Brockman “won” the 2020 Tax Offender of the Year, then died in 2022. (Happy with his accomplishments, we assume). Brockman won the award for allegedly committing a billion-dollar tax fraud. His criminal indictment ended when Brockman died, but the civil case (the IRS attempted to recover $1.4 billion) continued. Last week, Brockman’s estate settled with the IRS. The moral? “It’s a lot easier to simply pay your taxes.”
Getting the most
- Current Federal Tax Developments (https://www.currentfederaltaxdevelopments.com/): The IRS has updated its guidance regarding the Premium Tax Credit. For tax pros, the most immediate and material technical updates concern the sunsetting of repayment limitations for credits (APTCs) and the adjustment of applicable affordability percentages for tax years beginning Jan. 1.
- Withum (https://www.withum.com/resources/): Is a client (or are you) a founder, investor or executive wondering if your business qualifies for tax savings under the qualified small-business stock rules? A FAQ breaks down the essentials.
- CLA (https://www.claconnect.com/en/resources?pageNum=0): There’s gold in cost segregation and 100% bonus depreciation in the year-end tax moves.
Troubles of the rich and famous
- Tax Foundation (https://taxfoundation.org/blog): The Chicago Bears are threatening to move to Indiana partially because of Illinois taxes.
- National Association of Tax Professionals (https://www.natptax.com/news-insights/): Nothing says you’ve arrived like having a household employee. What are the considerable tax ramifications of hiring one?