Tax & Accounting News

The Weekly (Tax)Buzz - October 23, 2019

The Weekly (Tax)Buzz - October 23, 2019

If you feel like the news is tough to keep up with these days, you aren't alone. Every week, we publish a curated list of some of the top articles in tax and finance. Tune in every Wednesday to read the latest thought leadership pieces from our favorite bloggers, US tax proposals, tax crime stories, and much more.

The (Tax)Buzz this week: Year-end tax saving tips, the newest State Business Tax Climate Index, how taxes work (or don't) for the gig economy, and more.

USA Today: Meet the millionaires and billionaires advocating for a wealth tax on rich Americans like themselves. Twenty people signed a letter this summer asking to be taxed more, including financier George Soros, Facebook co-founder Chris Hughes, and heiress Abigail Disney.

Tax Foundation: The rise of the gig economy has led to increased discussions on “whether existing tax rules can accommodate this activity, and whether gig workers are well-equipped to comply with their tax obligations.”

MarketWatch: Part 2 of the series. With the end of 2019 fast approaching, it's time to make some tax-savvy moves. Here are three foolproof year-end strategies for individual taxpayers.

Forbes: Whether you live in California or not, you've probably heard about the state's aggressive tax agency and rules. But can those rules apply to you even if you don't live in California?

AccountingToday: International Charity Fraud Awareness Week runs through October 25th, and aims to help charities and other nonprofit organizations avoid fraud and stop financial crime.

CNBC: Twelve states and the District of Columbia have an estate tax — and it pays. A new study just found that states see “an average tax bump of $165 million after the death of a billionaire on the Forbes 400 list.”

Tax Foundation: The State Business Tax Climate Index for 2020 has been released, and is designed to show “how well states structure their tax systems.” Where does your state fall on the list?

USA Today: Why are so many residents leaving San Francisco? It's simple — expenses are too high for nearly everyone.

Bloomberg: What can taxpayers do to reconstruct destroyed financial records after a natural disaster? This IRS tax tip explains the options.

Don't miss our latest TaxBuzz posts: 

  • What is the Statute of Limitations on Unpaid Taxes?
  • Employee Stock Options Can Be Taxing
  • Life Events and Taxes: A Complicated Combination

Who said accountants don't have a sense of humor? Not us! Our team just launched a t-shirt store with 11 awesome designs to choose from. Check it out here.

Did we miss a great article this week? Let us know in the comments below!

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Lauren Detweiler

Lauren Detweiler

I am equal parts marketer, traveler, and writer, and I've been doing all three for as long as I can remember. I have spent most of my time since graduating university traveling and working remotely in Africa and Europe. My passion lies in conveying the right messaging to the right people, and being a part of the CountingWorks and TaxBuzz team means I get to do that not only for our company, but for clients across the country as well.

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