The High Court considers taxes; a new perspective on cyber attacks; how to answer the phone; and other highlights from our favorite tax bloggers.
Lots to look at
- Procedurally Taxing (
https://procedurallytaxing.com ): The Supreme Court has a full fall calendar of tax-case topics, including equitable tolling, calculating FBAR penalties, a private quiet title action and limitations on judicial relief regarding unstayed bankruptcy court sale orders. - Current Federal Tax Developments (
https://www.currentfederaltaxdevelopments.com/ ): A look at the recently updated IRS FAQs on pandemic assistance related to purchases of a home and payment of premium mortgage insurance. - National Taxpayer Advocate (
https://www.taxpayeradvocate.irs.gov/taxnews-information/blogs-nta/ ): Part two of a series of tips when trying to understand IRS transcripts, starting with "Cycle Dates" and "Transaction Dates." - The Wandering Tax Pro (
http://wanderingtaxpro.blogspot.com/ ): The history of income tax in America began barely 20 years after Plymouth Rock and has enjoyed a bevy of levies, repeals and tinkerings since. - Summing It Up (
http://blog.freedmaxick.com/summing-it-up ): How to help your biz clients protect against cyber attack, including coming at the threat from the hacker's point of view.
All's fair
- Tax Vox (
https://www.taxpolicycenter.org/ ): President Biden's plan to raise taxes on the ultra-rich died in Congress, but the idea lives on in states. - Mauled Again (
http://mauledagain.blogspot.com/ ): The tax troubles just keep on comin' for one former state senator, even after more than a decade. - TaxProf Blog (
http://taxprof.typepad.com/taxprof_blog/ ): Given that various deductions are disallowed if they are closely tied to criminal activity, tax law treats criminals differently from non-criminals. Should it? - Federal Tax Crimes (
http://federaltaxcrimes.blogspot.com/ ): A district court has sustained the IRS's $1.4 billion-plus jeopardy assessment in United States v. Brockman — what the agency maintains "represents the largest jeopardy assessment/levy case in the history of the United States." - Institute on Taxation and Economic Policy (
https://itep.org/category/blog/ ): If lawmakers believe it's worthwhile to extend corporate tax breaks, then it would be entirely unreasonable for them to not conclude the same about tax provisions that help low-income children. - Tax Foundation (
https://taxfoundation.org/blog ): A new Congressional Budget Office report reveals that lower- and middle-income households are disproportionately shouldering the burden of the inflation wave.
Practically speaking
- Surgent Income Tax School (
http://www.theincometaxschool.com/blog/ ): In these days crazy with text, social media and whatever teenage trillionaires dream up next for us to communicate, the phone remains key to your practice. Here's a refresher course on how to use it. - Boyum & Barenscheer (
https://www.myboyum.com/blog/ ): Forgetting to file a 990 happens — but if your nonprofit clients forget for three years running, they lose their tax-exempt status. But this doesn't have to be the final word. - Avalara (
https://www.avalara.com/blog/en/north-america.html ): The monthly roundup of sales tax changes around the country. - Sovos (
https://sovos.com/blog/?region=united-states ): What to ask a prospective service provider for beverage alcohol compliance and tax. - TaxConnex (
https://www.taxconnex.com/blog- ): Don't let your online retailer clients underestimate the impact of economic nexus. - Tax Pro Center (
https://proconnect.intuit.com/taxprocenter/ ): Most clients think they have a pretty successful company — until they go to sell it. That's when you and your Certified Exit Planner Advisor credential might come in handy. - Taxbuzz (
https://www.taxbuzz.com/blog ): So this week the U.K.'s prime minister has tabled the country's tax plan that recently crushed the pound.
