Werner: Private Foundations Under the Microscope | Quick Tax Tip

Progressive tax changes could reshape the charitable giving landscape.

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Quick Tax Tip
With Art Werner
CPE Today

Private foundations may soon find themselves writing bigger checks to the IRS. In the latest Quick Tax Tip podcast, tax expert Art Werner explains a key provision of the OBBBA that increases the tax rate on net investment income for certain private foundations under section 4940(a).

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Catch more Art Werner, Wednesday, Sept. 3, for Tax Rumors, Episode 3, with CPA Steve Yoss, and hosted by CPA Trendlines’ Rick Telberg.

“It’s a progressive tax now for the larger foundations,” Werner says, noting that while many foundations are set up for truly noble purposes—think the Red Cross or the Boy Scouts—the government is tightening the rules to ensure fairness and accountability.

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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.

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“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.”

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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 →