Tax & Accounting News

The Weekly (Tax)Buzz - September 1, 2021

The Weekly (Tax)Buzz - September 1, 2021

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: Tax lessons from the estate of Michael Jackson, how taxes work for the earnings of college athletes, the latest on IRS regulation of tax preparers, and more.

Forbes: Remember that Supreme Court case about college athletes making money off their name, image, and “likeness”? Here’s how the taxation piece works.

Accounting Today: Regulation of tax preparers by the Internal Revenue Service is once again gaining steam.

CNBC: The House vote on the $3.5 trillion budget proposal raises the prospect of higher taxes on the rich.

Fast Company: A second round of stimulus checks have gone out in California, and this calculator can show you how much you might get.

The Wall Street Journal: US consumer spending and household income both grew in the month of July.

CBS News: An unemployment cliff is inching closer, with 7.5 million Americans set to lose their aid by Labor Day.

Yahoo! Finance: Pending home sales fell for a second straight month, as high prices started to cool off the summer market. 

CNBC: Americans are switching up who they turn to for financial advice, and the new go-to may surprise you.

Tampa Bay Times: A University of South Florida accounting manager plead guilty to embezzling $12.8 million from a nonprofit company affiliated with the school.

Bloomberg: Goldman Sachs is predicting 750,000 evictions in the United States as the moratorium comes to an end.

Forbes: There are a variety of tax lessons we can learn from the case of Michael Jackson. Here’s a breakdown.

Bonus content: 

  • (NEW) Registration has begun for the next ClientWhys 16-Hour Virtual Tax Update & Review Conference! Choose your own dates between November 2021 and January 2022 for the 8 breakdown sessions. The agenda will include everything you need to know for the 2021 tax season. Time is running out and registration only costs $249, so don’t delay! Register here.
  • The Big Book of Taxes 365, our 1250+ page online tax research library, has been updated with all the latest information on the American Rescue Plan. Annual access costs only $95! Purchase yours here.
  • 19 Free White Paper Downloads – With the constant changes in legislation and rules governing our industry, it can be hard to keep up. That’s why the tax experts at TaxCPE / ClientWhys put together 19 free white papers on the most important tax issues during COVID-19.

Don’t miss our latest TaxBuzz posts: 

  • Tax Avoidance vs. Tax Evasion - What's the Difference?
  • And the real winner of the Olympics was... the IRS?
  • Senate Considers Repeal of the SALT Deduction Cap

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

share this post
Search for matches...
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.

Recommended Professionals

In the face of economic uncertainty, TaxBuzz is the industry's most up-to-date tax information.

Join 60,000 who get our weekly newsletter. No spam.

Need help selecting a firm?

Use our specialized search engine and get matched to the best accounting and tax firm for your needs.

Related Posts

Latest Posts