Shutdowns and tax obligations; 529 cash and the CPA examination; gig questions; and different highlights from our favourite tax bloggers.
Capitol questions
- Tax Basis (
https://taxfoundation.org/weblog ): How the fiscal battle that resulted within the present federal authorities shutdown is, at its core, in regards to the well being care sector, spiraling well being care prices and federal subsidies. - U. Illinois Tax Faculty (
https://taxschool.illinois.edu/weblog/ ) : A part of the OBBBA within the Home, Public Legislation 86-272 stood to make groundswell adjustments to the nexus and interstate ecommerce. So what occurred to the Senate OBBBA model of the supply? - Tax Vox (
https://www.taxpolicycenter.org/taxvox ): The OBBBA elevated the utmost Little one Tax Credit score from $2,000 per little one to $2,200 and listed it for inflation going ahead, a optimistic step for a lot of households. However the adjustments will not attain the virtually 30% of kids that dwell in households that get lower than the complete CTC as a result of their mother and father earn too little. The OBBBA didn’t change how the credit score phases in. - Virginia – U.S. Tax Speak (
https://us-tax.org/about-this-us-tax-blog/ ): Can Trump revive the worldwide Revenge Tax by govt order? - Turbotax Weblog (
https://weblog.turbotax.intuit.com ): What to inform them about their refunds and the IRS furlough. - Institute on Taxation and Financial Coverage (
https://itep.org/class/weblog/ ): A brand new CBO report finds that the Trump administration’s newest company tax cuts are already worsening the already-challenging federal deficit.
On the doorstep
- Cover (
https://www.getcanopy.com/weblog ): Disgrace disgrace: “7 Accounting Duties You Ought to Have Automated by Now (2025 information).” - CLA (
https://www.claconnect.com/en/sources?pageNum=0 ): Suspicious exercise reporting: The way to deal with the brand new FinCEN steering. - The Rosenberg Associates (
https://rosenbergassoc.com/weblog/ ): The trade wants management expertise, successors who need to be CPA agency partner-level contributors. There is a huge group of them proper on the doorstep, however the occupation continues to wrestle to usher in the variety of girls leaders wherever close to parity with the quantity within the occupation. - Present Federal Tax Developments (
https://www.currentfederaltaxdevelopments.com/ ): The U.S. District Court docket for Utah’s determination in Greenway Tools Gross sales, Inc. v. ERC Specialists, LLC, et al. focuses on the courtroom’s evaluation of Article III standing in a lawsuit stemming from the utilization of Worker Retention Credit score consulting providers. This case offers perception for tax execs concerning the pleading necessities for damages claims in opposition to third-party promoters, notably when the underlying credit score ends in a internet for the taxpayer. - Mauled Once more (
http://mauledagain.blogspot.com/ ): Michigan will impose a 24% tax on the sale of marijuana from growers and processors to retailers. Proceeds might be used to fund a part of the price of bettering Michigan’s roads. Is that tax a greater coverage than a car mileage price?
Have to know
- Yeo and Yeo (
https://www.yeoandyeo.com/sources ): The OBBBA launched or up to date quite a few business-related tax provisions, adjustments prone to have a significant affect on employers and payroll administration corporations and that embody new info return and payroll tax reporting guidelines. A more in-depth take a look at what’s new starting in 2026, and what companies want to do that 12 months. - TaxConnex (
https://www.taxconnex.com/blog- ): The newest your e-commerce shoppers have to find out about market facilitators. - Dean Dorton (
https://deandorton.com/insights/ ): “What to Know About Bonus Depreciation,” the OBBBA-enhanced tax incentive that now permits companies to right away deduct the price of eligible property within the 12 months it’s positioned in service, slightly than depreciating over a number of years. - Meyers Brothers Kalicka (
https://www.mbkcpa.com/insights ): What to remind them in regards to the Work Alternative Tax Credit score. - Berkowitz Pollack Brant (
https://www.bpbcpa.com/articles-press-releases/ ): Companies that Washington State not too long ago added to its B&O tax base, and what this might imply to your shoppers.
