Commissioner roulette; tax crimes and green cards; the trap of major projects; and other highlights from our favorite tax bloggers.
Nothing but trouble
- Don't Mess with Taxes (
http://dontmesswithtaxes.typepad.com/ ): That revolving door spun with unprecedented speed this season at the IRS. Would that were the only sign of disorder. - Tax Vox (
https://www.taxpolicycenter.org/taxvox ): What's the future of tax administration? Or, more plainly, "How did the IRS end up in this much trouble?" - Global Taxes (
https://www.globaltaxes.com/blog.php ): How much will the slashed workforce hamstring the IRS for questions of international tax? - Eide Bailly (
https://www.eidebailly.com/taxblog ): Nothing unites people like a common enemy — which, for Republicans, means higher taxes. So it's "a bit of a surprise" to see many indications that the White House and President Trump are considering letting the top individual income tax rate rise next year even as they try to arrest other Tax Cuts and Jobs Act expirations.
Hamster wheels
- Mauled Again (
https://mauledagain.blogspot.com/ ): A detailed formula examines user fees versus taxes and how much individuals and businesses really pay of the latter. - Taxjar (
https:/www.taxjar.com/resources/blog ): Some of this year's top income and sales tax changes in the U.S. - Vertex (
https://www.vertexinc.com/resources/resource-library/filter/field_asset_type/blog?page=0 ): The e-invoicing landscape, with shifting deadlines and regulatory changes, can leave your clients feeling like they're on a hamster wheel. A quick look at recent developments. - Current Federal Tax Developments (
https://www.currentfederaltaxdevelopments.com/ ): The Tax Court Memorandum decision in Mark P. Himmel and Deborah W. Himmel v. Commissioner of Internal Revenue provides insights for navigating hobby-loss rules and penalties for failure to timely file. - The Tax Times (
https://www.thetaxtimes.com ): Can pleading guilty to tax crimes cost a visa or green card? - Taxpayer Advocate Service (
https://www.taxpayeradvocate.irs.gov/taxnews-information/blogs-nta/ ): Discussion of the draft Taxpayer Assistance and Service Act continues with Sec. 112, which would fix two recurring problems for disaster victims.
Exciting yet tricky
- TaxProCenter (
https://accountants.intuit.com/taxprocenter/ ): Intuit wants to know how the season went. A practitioners' survey. - Sikich (
https://www.sikich.com/insights/ ): How financial clients can start preparing for this August's sunset of the Federal Financial Institutions Examination Council's Cybersecurity Assessment Tool. - Avalara (
https://www.avalara.com/blog/en/north-america.html ): When is sales tax based on a shipping address? - TaxConnex (
https://www.taxconnex.com/blog- ): If a prospective M&A deal turns up sales tax exposure, what can be done? - Withum (
https://www.withum.com/resources/ ): A roundup of recent videos that examine the "exciting world" of alternative investments, including tax implications. - Yeo & Yeo (
https://www.yeoandyeo.com/resources ): What to remind them about generation-skipping tax when passing assets to grandchildren. - Virginia – U.S. Tax Talk (
https://us-tax.org/about-this-us-tax-blog/ ): Property owned as joint tenants with right of survivorship is tricky even for the tax-savvy, let alone when both spouses in a couple aren't U.S. citizens. What to advise. - Berkowitz Pollack Brant (
https://www.bpbcpa.com/articles-press-releases/ ): What to remind them about estimated taxes — including what happens if those taxes aren't paid. - Dean Dorton (
https://deandorton.com/insights/ ): WIP is a key budgeting and forecasting tool for your contractor clients. What are the most common mistakes those clients make with them? - The Rosenberg Associates (
https://rosenbergassoc.com/blog/ ): Extra is not always more: Big projects can be exhilarating traps. How problems get started and strategies to avoid being sucked in (starting with what those two words mean).
