The rich and the audits; after Beryl; just ask; and other highlights from our favorite tax bloggers.
All the news that fits
- TaxProf Blog (
http://taxprof.typepad.com/taxprof_blog/ ): Turns out auditing wealthy federal taxpayers isn't efficient. - Boyum & Barenscheer (
https://www.myboyum.com/blog/ ): QuickBooks Desktop is being phased out. What you need to know. - National Taxpayer Advocate (
https://www.taxpayeradvocate.irs.gov/taxnews-information/blogs-nta/ ): The National Taxpayer Advocate office has released its latest report to Congress. First the good news and then the not-so-good. - Don't Mess with Taxes (
http://dontmesswithtaxes.typepad.com/ ): Resources that Texans can use to help with Beryl's aftermath. - Gordon Law (
https://gordonlawltd.com/blog/ ): A look at recent federal (and long-awaited) regs for digital asset brokers to report users' taxable transactions on the 1099-DA. (In case you forgot, taxable sales and exchanges of digital assets that take place on or after next Jan. 1 will be reported to the IRS.) - Tax Foundation (
https://taxfoundation.org/blog ): Hungary has taken over the European Union presidency from Belgium, part of the organization's normal rotation of the office. What's the effect on European tax policy? - Virginia – U.S. Tax Talk (
https://us-tax.org/about-this-us-tax-blog/ ): A reminder that the taxpayer's on the hook for your negligence, mistakes or crooked behavior.
Ship of states
- Tax Vox (
https://www.taxpolicycenter.org/taxvox ): State revenue forecasting has always been complex, but the pandemic introduced unprecedented challenges. A new report uses forecasts, collections and a survey of state forecasters to examine how state revenue fared during the pandemic — and to draw lessons for the future. - Marcum (
https://www.marcumllp.com/insights ): New York's latest fiscal budget contains many credits and incentives. Here's a look at some. - Taxjar (
https://www.taxjar.com/resources/blog ): A new craze is sweeping sales tax — the retail delivery fee (the last word may or may not be accurate) — and Minnesota has jumped on board. - Avalara (
https://www.avalara.com/blog/en/north-america.html ): North Carolina has eliminated its transaction threshold for sales tax nexus. - HBK (
https://hbkcpa.com/insights/ ): New Jersey has axed its annual sales tax holiday after this year and will phase out the sales and use tax exemption on zero-emission vehicles.
Just ask
- Vertex (
https://www.vertexinc.com/resources/resource-library/filter/field_asset_type/blog?page=0 ): A new guide is billed as "the tax preparer's playbook" to expanding into international services. - Palm Beach Accounting and Financial Services (
https://www.pbafs.com/blog ): I Can't Find Anything in This House Dept.: What to remind them about tracking down old 401(k)s. - Parametric (
https://www.parametricportfolio.com/blog ): Many investors hold a concentrated stock position of typically 10% to 20% of their portfolio value. The tax implications? - Canopy (
https://www.getcanopy.com/blog ): Seriously, ask Darren Root anything.
