Wednesday, December 28, 2022
HomeAccountingIn the blogs: Catching the omnibus

In the blogs: Catching the omnibus


What did and didn’t make it into the bill; Shopify and sales tax; why the IRS dawdled; and other highlights from our favorite tax bloggers.

Catching the omnibus

  • Sikich (https://www.sikich.com/insights/): A look at tax provisions that didn’t make it into the bill, business and personal. (For what did make it in, see our story.)
  • TaxMama (http://taxmama.com): Hey, preparer candidates. You know that blizzard of new tax laws that’s been blowing recently? Turns out those brand new laws are going to be on your exam.
  • Avalara (https://www.avalara.com/blog/en/north-america.html): Six hundred blatant reasons to do this might have just evaporated with the latest IRS announcement, but here’s what to remind clients anyway about the 1099-K.
  • Current Federal Tax Developments (https://www.currentfederaltaxdevelopments.com/): Turns out the IRS will not require reporting on digital assets by brokers as required by the Infrastructure Investment and Jobs Act until regulations are issued.
  • Institute on Taxation and Economic Policy (https://itep.org/category/blog/): Where should the profits of global corporations be taxed? Not an easy question in these days of a United Earth of Business — but the European Union is taking a shot at the answer.

Paradise Cost

  • Taxbuzz (https://www.taxbuzz.com/blog): Oahu homeowners are appalled by property values and property taxes that have recently skyrocketed.
  • Virginia – US Tax Talk (https://us-tax.org/about-this-us-tax-blog/): Tons have been penned about Social Security benefits and taxation — but what if they’re paid to U.S. and non-U.S. individuals, including ex-pats?
  • Turbotax (https://turbotax.intuit.com/): Do they know that they may be able to claim their couch potato friend as a dependent?
  • TaxConnex (https://www.taxconnex.com/blog-): Shopify’s number of users is through the roof, but where does sales tax figure into using the giant ecommerce platform?

Danger danger

  • Tax Vox (https://www.taxpolicycenter.org/): We know that the IRS was slow to audit Trump’s returns. We also need to know why.
  • John R. Dundon II EA (http://www.johnrdundon.com/): Will sales tax on services soon become real in Colorado?
  • Tax Foundation (https://taxfoundation.org/blog): Connecting taxes to bearer bonds to Christmas movies to the action flick “Die Hard” is not the tangle of tree lights it sounds like. 
  • Taxable Talk (http://www.taxabletalk.com/): A recent Tax Foundation report showed overall gain and loss of population and taxpayers’ adjusted gross incomes mid-2019 through mid-2020. For the most part, high-tax states were the biggest losers and low-tax states the biggest winners.
  • Mauled Again (http://mauledagain.blogspot.com/) MIT has released a study with the tagline, “Should we tax robots?”

Another year

  • Solutions for CPA Firm Leaders (http://ritakeller.com/blog/): For small firms especially, recent weather has further shown what the pandemic started: Tech must be in place to facilitate remote work.
  • AICPA Insights (https://www.aicpa.org/blog): The AICPA 2021 Trends Report found that 41% of accounting graduates are nonwhite, as are a sizable portion of partners and professional staff. To address the staffing shortage and build a sustainable accounting profession, creating a culture of belonging is essential — and now is a great time to adjust recruiting strategies and increase the diversity of your teams.
  • Summing It Up (http://blog.freedmaxick.com/summing-it-up): Cybersecurity only seems to get worse, and your health care clients are particularly vulnerable. How they can fight back.
  • Canopy (https://www.getcanopy.com/blog): What is a WISP, do you need one and how do you get one? 
  • National Taxpayer Advocate (https://www.taxpayeradvocate.irs.gov/taxnews-information/blogs-nta/): What Santa needed to deliver to improve last filing season. All we want is our fair share.
  • Surgent Income Tax School (http://www.theincometaxschool.com/blog/): Anticipating and navigating the typical obstacles to closing the books on another year.
  • Don’t Mess with Taxes (http://dontmesswithtaxes.typepad.com/): Still a few more hours for them to take these eight can’t-miss tax moves for 2022.
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