Within the blogs: Harsh reminders

States’ adoption of OBBBA; changing cigarette and property taxes; soiled water; and different highlights from our favourite tax bloggers.

The brand new irregular

Armanino (https://www.armanino.com/articles/): People face an financial whirlwind in 2025. Listed below are among the newest methods to assist them cope, beginning with a breakdown of the OBBBA versus the Tax Cuts and Jobs Act.
Do not Mess with Taxes (http://dontmesswithtaxes.typepad.com/): The IRS, as a part of its phased implementation of the OBBBA provisions, will not be making any speedy revisions to sure data returns or withholding tables in reference to tax adjustments for 2025. However these new legal guidelines embrace will increase in the usual deduction quantities, exemptions for tipped and time beyond regulation revenue, and the senior bonus for filers 65 and older. (These will, coincidentally, imply larger refunds in a midterm 12 months.)
Taxable Discuss (http://www.taxabletalk.com/): Although sure tip and time beyond regulation revenue is not topic to tax beneath OBBBA, how can a tax professional know the entire of ideas and time beyond regulation? Or that the taxpayer labored in an business the place tipping is “regular?”
Wiss (https://wiss.com/insights/learn/): Most state legislatures adjourned earlier than OBBBA’s enactment, which means that essential choices round state conformity and decoupling shall be delayed till the 2026 periods. Too dangerous for companies attempting to navigate new federal provisions whereas anticipating how their states will reply.
Dean Dorton (https://deandorton.com/insights/): How OBBBA impacts school endowment taxes.
The Wandering Tax Professional (http://wanderingtaxpro.blogspot.com/): Deceptive facets of OBBBA proceed with time beyond regulation and the no-tax on Social Safety.
Withum (https://www.withum.com/assets/): The IRS, as regular, hopes to keep away from main disruptions for the approaching season. To that finish, employers and payroll directors ought to start monitoring certified ideas and time beyond regulation pay instantly and count on upcoming steering.
Institute on Taxation and Financial Coverage (https://itep.org/class/weblog/): How one state’s tax reforms advance racial and financial fairness and one other’s path to revenue tax elimination hinders them.
Taxpayer Advocate (https://www.taxpayeradvocate.irs.gov/taxnews-information/blogs-nta/): The street forward for pending tax administration laws? Lengthy.

Harsh reminders

International Taxes (https://www.globaltaxes.com/weblog.php): Expats — and never just a few different People — have most likely by no means been fairly as eager on leaving the U.S. What concerning the taxes?
Vertex (https://www.vertexinc.com/assets/resource-library/filter/field_asset_type/weblog?web page=0): As housing costs in most states hit report highs and property tax will increase turn into a political sizzling (if not radioactive) potato, what tax turns into the first choice for addressing income shortfalls for cuts?
The Tax Instances (https://www.thetaxtimes.com): When taxpayers fall behind on their federal taxes, they typically hope for alternate options to harsh assortment ways. A current Tax Court docket case involving an Iowa couple is a robust reminder: The IRS will count on actual cooperation earlier than granting reduction.
The Gross sales Tax Folks (https://gross sales.tax/expert-articles/): Affiliate internet marketing is a approach for shoppers to develop on-line gross sales, however shoppers working with bloggers, influencers or referral web sites that promote merchandise in trade for a fee might unwittingly set off affiliate nexus. What they need to know.
Present Federal Tax Developments (https://www.currentfederaltaxdevelopments.com/): Latest affirmations in PICCIRC LLC and Pimlico LLC v. Commissioner present vital insights into how courts scrutinize structured transactions and apply anti-abuse doctrines.
Tax Basis (https://taxfoundation.org/weblog): If cigarettes are addictive, so are cigarette taxes as a income to jurisdictions. Sustaining this income is a fancy components.
TaxConnex (https://www.taxconnex.com/blog-): Might your shopper’s enterprise survive a gross sales tax audit?
AICPA & CIMA Insights (https://www.aicpa-cima.com/weblog): Audits just lately turned up fraud within the Virginia Division of Well being and a water division in a city of 600 in Arkansas.