Evaporation of banks; slow filers; crypto and normal taxes; and other highlights from our favorite tax bloggers.
Going slow
- Armanino (
https://www.armanino.com/ ): What did we learn from the Silicon Valley Bank collapse? - Don't Mess with Taxes (
http://dontmesswithtaxes.typepad.com/ ): This year's slowpoke filers, with breakouts by city. Go Atlanta! - Wolters Kluwer (
https://www.wolterskluwer.com/en/solutions/tax-accounting-us/industry-news ): Deadlines loom to elect pass-through entity status for tax years 2022 and 2023. - Taxjar (
https://www.taxjar.com/resources/blog ): April sales tax due dates. - Gordon Law (
https://gordonlawltd.com/blog/ ): Report those losses and file on time … Amazing how crypto compliance resembles good ol' tax compliance. - The Tax Times (
https://www.thetaxtimes.com ): When will they learn that payroll tax crime doesn't pay? Never, it seems. A look at a recent case. - Tax Vox (
https://www.taxpolicycenter.org/ ): States saw robust tax revenue growth in fiscal 2021 and 2022, largely caused by federal and state policy actions. But forecasts now look weaker — even as many states consider tax cuts. - VonLehman CPA & Advisory (
https://vlcpa.com/articles/ ): Tax provisions in President Biden's most recent budget. - Virginia – US Tax Talk (
https://us-tax.org/about-this-us-tax-blog/ ): The blogger's recent presentation on cross-border tax topics for the Financial Planning Association, from the POV of those wanting to enter — and exit — the U.S. of A.
Why?
- National Taxpayer Advocate (
https://www.taxpayeradvocate.irs.gov/taxnews-information/blogs-nta/ ): Banks do it. We all do it. Why can't the IRS do it? - Avalara (
https://www.avalara.com/blog/en/north-america.html ): Bolt From the Blue Dept.: There are good reasons for states to encourage the sale and use of electric and hybrid vehicles. But what about the potential drop in fuel tax revenue? - University of Illinois Tax School (
https://taxschool.illinois.edu/blog/) : What is IRS representation? And how do you get it? And a question we like: "What can the IRS take with them when they leave?"
Rocks and shoals
- Surgent Income Tax School (
http://www.theincometaxschool.com/blog/ ): What to remind them about the importance of bookkeeping — goofs which have produced billions in IRS penalties in recent years. - TaxConnex (
https://www.taxconnex.com/blog- ): Manufacturers, wholesalers and distributors might believe they have minimal obligations due to sales tax-exempt transactions. Wrong. - Tax Pro Center (
https://proconnect.intuit.com/taxprocenter/ ): The rocks and shoals of estimated tax. - Marcum (
https://www.marcumllp.com/insights ): Those subject to reporting by the Bureau of Economic Analysis must file the annual BE-12 survey for benchmarking.
Favs
- Procedurally Taxing (
https://procedurallytaxing.com ): Fave headline of the week: "Court Invokes Aesop's Fables in Denying Government's Request for Injunctive Relief." - Institute on Taxation and Economic Policy (
https://itep.org/category/blog/ ): Fave opening of the week: "It's March and state lawmakers are showing why the Madness isn't only reserved for the basketball court." - Tax Foundation (
https://taxfoundation.org/blog ): This one's not bad: "New Mexico was the ostensible setting of the 1966 film 'The Good, the Bad and the Ugly.' This week, the New Mexico legislature is considering an omnibus tax bill that could make good use of the same title."
New to us
- Vertex (
https://www.vertexinc.com/resources/resource-library/filter/field_asset_type/blog?page=0 ): This provider of indirect tax software and solutions offers frequently updated entries on the red-hot area of sales tax. Recent topics include how sales tax influences political policy, nexus trends and how reductions in income tax affect sales tax rates and rules. Welcome!