Property-tax map; zero due meaning; partners' pay differences; and other highlights from our favorite tax bloggers.
Conflicting ideas
- Procedurally Taxing (
https://www.taxnotes.com/procedurally-taxing ): Favorite headline of the week: "Tax Court Sinks Depreciation Deduction for Yacht." - Tax Vox (
https://www.taxpolicycenter.org/taxvox ): "Congressional commissions generally serve one of two purposes. They either 1) provide political cover for lawmakers who want to achieve a goal but are afraid to act without an external push. Or 2) they are exactly the opposite — an excuse for politicians to duck crucial policy decisions." Recently, we've seen one of each. - Marcum (
https://www.marcumllp.com/insights ): In the blogger's experience (and we concur), "The potential for conflict exists anytime you put two or more people together." Conflict in the workplace isn't the problem. Letting it fester is. - Sikich (
https://www.sikich.com/insights/ ): Matt Doherty, managing director of workforce risk management at Sikich, shares his expertise in creating workplace violence prevention programs.
Over there
- Virginia – US Tax Talk (
https://us-tax.org/about-this-us-tax-blog/ ): As a follow-up to a previous post on TikTok and bad tax advice, a look at some readers' questions about how the U.S. income tax rules work for taxation of trusts and beneficiaries. - Global Taxes (
https://www.globaltaxes.com/blog.php ): Brazil is taking another crack at taxing resident citizens on income from overseas financial investments. - Tax Foundation (
https://taxfoundation.org/blog ): The European Commission released "Business in Europe: Framework for Income Taxation" and two associated proposals on transfer pricing and a Head of Office tax system. Is this a one-stop shop or just one more stop? - Sovos (
https://sovos.com/blog/ ): Come 2025, the European Commission's VAT in the Digital Age (ViDA) proposals aim to modernize VAT across the EU. One pillar of ViDA is the "single VAT registration," which would reduce compliance costs for businesses.
No money down
- Mauled Again (
https://mauledagain.blogspot.com ): Alabama should work on the wording of its income thresholds for the state seniors' homestead tax exemption. - Don't Mess with Taxes (
http://dontmesswithtaxes.typepad.com/ ): A look at a recent analysis of who pays how much and where in property taxes. - TaxConnex (
https://www.taxconnex.com/blog- ): Don't Mean Nothin' Dept.: Your ecommerce clients need to know about states' "zero-due" returns. - The Tax Times (
https://www.thetaxtimes.com ): A look at the new IRS group focused on pass-through organizations, part of the agency's broader plan for turning up the enforcement heat on the wealthy. - Boyum & Barenscheer (
https://www.myboyum.com/blog/ ): M&A is all the rage in a variety of industries, probably including many that your clients work in. Make sure everybody knows where taxes fit in. - Turbotax (
https://blog.turbotax.intuit.com : What you can teach your student clients about tax planning — and tax breaks — for education. - Summing It Up (
http://blog.freedmaxick.com/summing-it-up ): Embezzlement red flags for nonprofit clients. - National Association of Tax Professionals (
https://blog.natptax.com/ ): A complete-as-can-be tax guide to residence and rental homes.
Minding the gap
- Surgent Income Tax School (
https://www.theincometaxschool.com/blog/ ): Diversifying services is rapidly evolving from a "should" to a "must." Here are services you can think about adding. - Tax Pro Center (
https://proconnect.intuit.com/taxprocenter/ ): Your to-dos and compliance deadlines for October. - Taxing Subjects (
https://www.drakesoftware.com/blog ): A handy desk reference guide for the next, and all, busy seasons. - The Rosenberg Associates (
https://rosenbergassoc.com/blog/ ): Why do some firms have such a gap between the highest- and lowest-paid partner? And why would some firms want to narrow that gap?
