Tax News & Views Moo Tax Content Roundup

Bitcoin Advocates Push for Changes to Latest Crypto Bill Draft - Katie Lobosco, Tax Notes ($):

The latest draft of a digital assets bill released by a bipartisan duo of House taxwriters has bitcoin advocates feeling left out of two major provisions.

First, the bill wouldn’t establish a de minimis tax exclusion for bitcoin transactions under a certain threshold. Second, it excludes bitcoin miners from the proposed tax deferral option for individuals who receive rewards through staking.

“Rather than promoting parity, this draft picks winners and losers,” the Bitcoin Policy Institute posted to X. But the think tank added that both of its concerns could be easily addressed.

Three New Tax Disclosure Regimes Still Leave Gaps in Information - Michael Rapoport, Bloomberg Tax ($):

New corporate tax disclosures will provide investors with some answers to the persistent puzzle of where companies book their profits and pay their taxes—but some pieces of the puzzle are still going to be missing.

The US, the EU, and Australia all have or are putting into place new requirements for companies to disclose more details about their tax payments, to help investors spot potential shifting of profits to lower-tax jurisdictions.

But each of the three regimes has different standards for what companies have to disclose, tax-transparency groups note—different information, different countries for which disclosure has to be made, and different rules for when companies can avoid disclosure.

New Rules on Tips Deduction

The IRS today finalized its list of occupations eligible to receive the tips deduction--but remember that, starting in 2026, some of these may be restricted as a specialized service trade or business. The agency also clarified an issue that's been on the mind of many restaurant owners and waitstaff: if a tip is automatically included on a large party bill, it's considered involuntary unless there's an option to remove it. Only income from voluntary tips can receive the deduction.

Meanwhile, IRS CEO Frank Bisignano promises vigilance in enforcing the tips and overtime deduction as claims overwhelm expectations.

See Eide Bailly's Question and Answer Page on the tips and OT tax benefits.

Tariff Turmoil

Trump Administration Returns to Court for Yet Another Tariff Lawsuit - Tony Romm, The New York Times:

Mr. Trump announced the wide-ranging tariffs in late February, hours after the Supreme Court struck down the original, country-by-country rates that had served as the bedrock of his global trade war. To apply the new duties, he turned to a little-known provision of a roughly half-century-old federal law, which no president before him had ever actually used.

The result has been a familiar legal drama that may once again shape, if not curtail, Mr. Trump’s tariff powers. The president and his aides have insisted that their actions are legal, as they double down on a strategy that increasingly appears to be raising prices for U.S. consumers and businesses. But state leaders and small businesses have claimed Mr. Trump overstepped, arguing in two lawsuits that the president wrongly bypassed Congress.

White House advisers send mixed messages on Trump's latest tariff threat - Ari Hawkins, Politico:

“This is clearly within the president’s tariff power, that if we’re in a state of conflict, then the IEEPA policy is exactly designed for that,” Hassett said on Fox Business with Maria Bartiromo, using the acronym for the International Emergency Economic Powers Act. “Countries really should be careful. If you’re helping our adversary, then President Trump will take note and he’ll take action.”

But U.S. Trade Representative Jamieson Greer threw cold water on that idea hours later, telling POLITICO at a stop in Michigan that the law could be used to “prohibit” certain trade — say with an embargo — but “not so much for tariffs.”

See Eide Bailly's coverage of the Supreme Court decision on tariffs and guidance on the process for obtaining tariff refunds.

IRS In Court

Government Says Law Wasn't Broken When IRS Shared Data With ICE - Trevor Sikes, Tax Notes ($):

The IRS’s sharing of taxpayer information with U.S. Immigration and Customs Enforcement didn’t violate statutory taxpayer privacy safeguards, according to the government in a newly filed response.

“The district court erred on multiple fronts in concluding that IRS’s alleged policy violates 26 U.S.C. section 6103(i)(2),” the government argued in an April 9 reply brief in Center for Taxpayer Rights v. IRS, pushing back against the granting of an injunction that blocks further sharing of taxpayer data between the two agencies.

IRS Easement Appraiser Tripped Up by Artificial Intelligence - Kristen A. Parillo, Tax Notes ($):

The IRS recently withdrew its appraisal expert’s rebuttal reports during a conservation easement trial after opposing counsel asserted that the reports contained errors generated by artificial intelligence.

The government made the move in Riddle Aggregates LLC v. Commissioner shortly after the petitioner’s attorney questioned the expert in court about numerous errors that appeared to be AI hallucinations. (The transcript of the trial session is available here.)

Blogs and Bits--Tax Deadline Edition

Keep safe on social media at tax time - National Taxpayer Advocate Blog. "Social media, forums and community groups may be a great way to connect with others and even comment publicly about something, but they’re not great places to share your personal tax information."

How to get more time to file your tax return…and pay what you owe - Kay Bell, Don't Mess With Taxes. "Whatever the reason for pushing aside your taxes, or not even starting them, the Internal Revenue Service can help. Really."

Funding cut $80 billion to $10 billion. Workforce down 30%. - Adam Parr, Tax Coda: "The 2026 filing season looks stable at first glance. However, these numbers only show early processing, not how the system handles pressure. The real challenges appear later, when errors and backlogs build up."

What day is it?

It's National Farm Animal Day! Cluck, oink, and moo-ve on those taxes before the 15th!

Tax News & Views Moo Tax Content Roundup

Make a habit of sustained success.

Alex Parker