Werner: Why eBay Sales May Be Reportable | Quick Tax Tip

New 1099-K reporting rules mean your eBay, Etsy, or other online sales could land on the IRS’s radar—even if you’re just cleaning out your garage.

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Quick Tax Tip
With Art Werner
CPE Today

If you’ve been selling old collectibles, furniture, or other personal items on eBay, you might think of it as a quick way to make cash, not something that belongs on your tax return. But according to tax guru Art Werner, new reporting thresholds for 1099-K forms are changing that, and the IRS could already have your sales data in hand.

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“In the past, the threshold for receiving a 1099-K from a payment processor or credit card company was $20,000,” Werner explains in the latest episode of Quick Tax Tip. “If you didn’t hit that threshold, you wouldn’t get the form, and frankly, no one was looking.”

That’s no longer the case.

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Werner: No Overtime Tax from 25-28? | Quick Tax Tip

New tax proposal offers four years of relief for qualified workers, starting retroactively in 2025.

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Quick Tax Tip
With Art Werner
CPE Today

During his campaign rallies, Donald Trump made repeated promises to eliminate taxes on overtime pay, and that promise has now been incorporated into legislative language. According to tax expert Art Werner, the proposed tax break is indeed included in the new tax bill, and it’s one of the few provisions that start early and end early.

Click here for more Art Werner

“This is one of the parts of the bill that actually sunsets,” said Werner in a recent episode of Quick Tax Tip. “It goes from 2025 to 2028, unlike the rest of the bill, which largely begins in 2026.”

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Werner: What the “Big Beautiful Bill” Really Means for SALT Deductions | Quick Tax Tip

SALT changes may not be as sweet as clients think.

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Quick Tax Tip
With Art Werner
CPE Today

Tax guru Art Werner doesn’t pull punches—and when it comes to the state and local tax (SALT) deduction limits in the proposed “Big Beautiful Bill,” he’s sounding the alarm for tax pros across the country.

“This was the one area under the Tax Cuts and Jobs Act that had the most screaming going on,” Werner says, referencing the uproar he witnessed during live lectures in high-tax states like New York and California. “They were really angry.”

Click here for more Art Werner

While early rumors suggested the SALT cap might rise dramatically—perhaps even to $40,000—the current proposal sets the limit at $30,000 for married filing jointly and $15,000 for married filing separately, tripling the current $10,000 cap. That might sound like a win… until you read the fine print.

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Werner: The Hidden Tax Hike for Accountants in Trump’s “Big Beautiful Bill” | Quick Tax Tip

“Every bill hides a tax increase.”


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Quick Tax Tip
With Art Werner
CPE Today

Trump’s new “Big Beautiful Bill” might look like a win for taxpayers…but not so fast. For accountants, lawyers, consultants, and other professional service providers, it could bring a stealthy tax hike.

Click here for more Art Werner

In this episode of Quick Tax Tip, expert Art Werner unpacks how this proposed legislation may change the way accountants—and other professionals—get taxed. The bottom line? If you’re part of a pass-through entity, your tax benefits may be about to shrink.

Werner opens the discussion with a familiar refrain in tax: It depends. READ MORE →

Art Werner: Use This Window Wisely | Quick Tax Tip

…Before year-end chaos returns…


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Quick Tax Tip
With Art Werner
CPE Today

Busy season is behind us. Year-end reporting deadlines haven’t hit yet. That makes right now the sweet spot for strategic client outreach—and tax professionals shouldn’t waste a second of it.

Click here for more Art Werner

In the latest episode of the Quick Tax Tip podcast, listeners get an urgent wake-up call: This is the moment to reconnect with clients, reevaluate their entity structures, and prepare them for the potential ripple effects of new legislation.

“This might be the best question any tax pro could ask right now,” Werner says in response to a question about how to prioritize client conversations after busy season. “You’ve got breathing room—use it.”

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What to Watch in the One Big Beautiful Bill | Quick Tax Tip

Compromise, party discipline, and presidential influence could make this bill one of the most impactful yet.

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Quick Tax Tip
With Art Werner
CPE Today

When major tax reform is introduced, it’s easy to assume the process is straightforward: the House writes a bill, the Senate reviews it, and Congress either passes or blocks it.

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But the truth is much messier—and much more interesting.

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Art Werner: Tax-Savvy Fringe Benefits | Quick Tax Tip

“Pseudo compensation” can reduce taxable income and optimize client outcomes.

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Quick Tax Tip
With Art Werner
CPE Today

In this episode of Quick Tax Tip, tax planning authority Art Werner makes a compelling case for rethinking how accountants approach compensation—shifting the focus from traditional deductions to strategic use of fringe benefits.

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“What are we really trying to accomplish?” Werner asks. “We’re trying to create what I call pseudo compensation—benefits that meet a client’s needs and reduce, or even eliminate, taxes.”

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Art Werner: Wealth Transfer Strategies in Uncertainty | Quick Tax Tip

High-net-worth clients are urged to act before the estate tax exemption expires in 2025.

 

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Quick Tax Tip
With Art Werner
CPE Today

A key provision of the Tax Cuts and Jobs Act (TCJA) is approaching its expiration date—and Art Werner, J.D., M.S. Tax, is sounding the alarm for advisors and their wealthy clients.

In the latest episode of the Quick Tax Tip podcast, Werner explains that the temporarily doubled estate and gift tax exemption, enacted under the TCJA, is set to sunset on December 31, 2025. “This creates a lot of uncertainty,” says Werner. “We’re hearing all kinds of things from Congress—maybe an extension, maybe making it permanent, or even letting it die completely. Some are even calling for the estate tax to be repealed. Others want a much higher, even confiscatory, rate.”

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With so much political volatility, Werner urges tax professionals to proactively plan for the possibility that the exemption could be drastically reduced—or eliminated altogether.

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Art Werner: The Hidden Perk Most Miss | Quick Tax Tip

The retirement planning hack can be a secret weapon for tax-free growth.

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Quick Tax Tip
With Art Werner
CPE Today

When most people hear “HSA,” they think of medical expenses and high-deductible health plans. But in the latest episode of Quick Tax Tip, tax educator and attorney Art Werner urges tax professionals—and their clients—to look deeper.

Click here for more Art Werner

In his signature style, Werner reframes the Health Savings Account (HSA) as one of the most underrated retirement planning tools available today.

“I don’t look at the HSA as a way to pay for medical bills,” says Werner. “I look at it as a disguised retirement plan.”

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Art Werner: Crypto Caution | Quick Tax Tip

Treat cryptocurrencies like the next dot-com bubble.

 

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Quick Tax Tip
With Art Werner
CPE Today

As cryptocurrencies continue to infiltrate everyday investment portfolios and client conversations, seasoned tax educator and CPA Art Werner offers a stark warning to practitioners: “Crypto concerns me—and I think it should concern accountants.”

Click here for more Art Werner

In a recent episode of Quick Tax Tips with Art Werner, the well-respected tax advisor and educator peels back the hype to expose the risks tax professionals and their clients face when navigating the unpredictable world of digital currency. With over 20,000 cryptocurrencies in existence globally and little regulation governing many of them, Werner believes the speculative nature of crypto investments resembles past financial manias—with potentially devastating consequences.

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Art Werner: What Business Owners Need Most | Quick Tax Tip

Small businesses face a storm of tax pressures, but trusted advisors can offer calm amid the chaos.

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Quick Tax Tip
With Art Werner
CPE Today

In the latest episode of Quick Tax Tip, Art Werner delivers an insightful update for small and midsized business (SMB) owners — many of whom are feeling overwhelmed by a growing list of tax and regulatory pressures.

Click here for more Art Werner

“I think that a number of small businesses are a little scared,” Werner says, pointing to the combination of federal, state, and local tax compliance as a mounting source of stress. “They’re trying to coordinate this all… but more importantly, they look at all this as being just ancillary to why they’re in business.”

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Art Werner: Economic Optimism? | Quick Tax Tip

Despite uncertainties, accountants have an opportunity to lead clients with confidence, expertise, and a forward-looking strategy.

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Quick Tax Tip
With Art Werner
CPE Today

In the latest episode of Quick Tax Tip, seasoned tax expert Art Werner brings a refreshing perspective: optimism.

Click here for more Art Werner

Even amid constant regulatory changes, economic fluctuations, and the looming possibility of new tax legislation, Werner argues that tax professionals have never been better positioned to help clients navigate complexity—and thrive.
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Art Werner: Shift Gears Post-Tax Season | Quick Tax Tip

Start with proactive planning instead of reactive reporting.

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Quick Tax Tip
With Art Werner
CPE Today

As tax season winds down and the dust settles, many CPAs are eager for a breather. But in the latest Quick Tax Tip with Art Werner podcast, the seasoned tax educator offers a powerful—and timely—reminder: now is not the time to coast. Instead, it’s the perfect opportunity to pivot from tax historian to tax strategist.

Click here for more Art Werner

Drawing on decades of experience and his trademark candor, Werner explains how the very tax returns just filed can be the launchpad for a more impactful advisory relationship with clients. “What I would look at,” he begins, “is the tax return you just prepared—and use that as a script.” READ MORE →