In the blogs: Classified information


EITC education; onboarding is key; expats on the rise; and other highlights from our favorite tax bloggers.

Classified information

  • The Wandering Tax Pro ( Another option for regulation of paid preparers: a voluntary credential program administered by the IRS.
  • National Association of Tax Professionals ( The IRS is stepping up cooperation with the Department of Labor on pinning down employee misclassifications — including when the DOL should refer cases to the IRS Small Business/Self-Employed Division.
  • Sikich ( No less than the FBI describes ransomware as “malicious software or malware that prevents you from accessing your computer files, systems or networks and demands you pay a ransom for their return.” It stinks, and it’s expanding. How to protect yourself.
  • Turbotax ( Findings from the latest TurboTax Trends Report include shifts in adjusted gross income, job-hopping by young adults and the prevalence of crypto on returns.
  • Procedurally Taxing ( The upcoming symposium “The Federal Income Tax: Racially Blind But Not Racially Neutral” is free and open to the public with in-person and Zoom attendance options — and it also comes at an inflection point for those interested in how the tax system relates racial justice.
  • CPA Growth Trends ( Nominations are open for the 2023 Marketer of the Year.

Exciting and new

  • Taxbuzz ( Virginia has an “exciting” first-of-its-kind small-business tax break for entrepreneurs via a 10% deduction for business income.
  • HBK ( New Jersey’s new tax law includes changes for corporations, including the state’s position on a requirement for certain businesses to elect S corp status. Three key provisions.
  • Eide Bailly ( A state news feature joins the blog. First stories cover the constitutionality of home equity theft and how rough it can be to be a billionaire in a blue state.

Get the message

  • National Taxpayer Advocate ( In light of an awareness day just passed, a reminder of how confusing they probably find the Earned Income Tax Credit.
  • Don’t Mess with Taxes ( Missing filers include the estimated one-third of the EITC-eligible population that turns over each year, many of whom don’t realize they can, due to life changes, now claim the break.
  • Institute on Taxation and Economic Policy ( A look at the EITC’s importance on the state level.
  • Tax Vox ( How “trusted messengers” can help ease the path of tax filing for those of low income.
  • Surgent Income Tax School ( As your high school experience probably taught you, you never get a second chance to make a first impression. Six steps to properly onboarding a client.
  • AICPA Insights ( Institute chair Anoop Mehta reflects on 2022 and shares hopes for our new year.
  • Mauled Again ( Arresting the actions of unscrupulous preparers on the edge of a new season sometimes takes timing as well as authority.
  • University of Illinois Tax School ( If you expect to prepare S corporation or partnership tax returns this year, you probably welcomed December’s draft instructions for K-2s and K-3s. If you’re unclear how to implement the provisions for your clients, though, here’s a sample notification letter.
  • Sovos ( All European countries charge VAT, a consumption tax added during each production stage, on goods and services. Although VAT is near-universal, rates do differ within the EU. Here are some details.

Doesn’t hurt to ask

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