Conquering tariffs; bracing for notices; FBAR penalty timing; and different highlights from our favourite tax bloggers.
Whiplash
Quantity-crunching
- Cover (
https://www.getcanopy.com/weblog ): “7-Determine Agency, 4-Hour Workweek: 5 Inquiries to Ask Your self.” - The Nationwide Affiliation of Tax Professionals (
https://weblog.natptax.com/ ): This week’s “You Make the Name” appears at Sarah, a U.S. citizen who moved to London for work in 2024. On Could 15, 2025, it hit her that she forgot to file her 2024 U.S. return. Was she required to file her 2024 taxes by April 15? - Taxable Discuss (
http://www.taxabletalk.com/ ): Anteing up with Uncle Sam: The World Collection of Poker is again, and one main change this 12 months entails gamers from Russia and Hungary. After suspension of tax treaties with these nations, gamers could have 30% of winnings withheld. - Parametric (
https://www.parametricportfolio.com/weblog ): Direct indexing appears to come back with a typical misunderstanding: On the efficiency assertion, conflating the worth of harvested losses with returns.
Issues brewing
- Taxing Topics (
https://www.drakesoftware.com/weblog ): No chill is chillier than the shopper’s on the mailbox when an IRS discover seems out of the blue. How one can educate — and warn — them in regards to the numerous notices all people’s that favourite company would possibly ship. - Dean Dorton (
https://deandorton.com/insights/ ): Maybe as a result of they are often based on belief, your nonprofit shoppers are particularly weak to fraud. - International Taxes (
https://www.globaltaxes.com/weblog.php ): When it is your time, it is your time: The clock begins on FBAR penalties when the tax types are due and never when penalties are assessed — and even the dying of the taxpayer does not lengthen the deadline. - TaxConnex (
https://www.taxconnex.com/blog- ): Your e-commerce shoppers can muck up gross sales tax obligations in some ways. How a few of the seeds of hassle would possibly cover in their very own billing system. - Sovos (
https://sovos.com/weblog/ ): What’s up with the 5 states that do not have a gross sales tax? - Taxjar (
https://www.taxjar.com/assets/weblog ): People are nonetheless wanted to deal with gross sales tax complexity, with real-world examples. - Wiss (
https://wiss.com/insights/learn/ ): A enterprise — and business-advising — success story from a California rooster eatery.
Virtually half accomplished
