Useful tips; pets and tax bills; becoming simply profitable; and other highlights from our favorite tax bloggers.
Strange but true
- The Tax Times (
https://www.thetaxtimes.com ): The latest IRS efforts to lasso wealthy tax cheats. - Institute on Taxation and Economic Policy (
https://itep.org/category/blog/ ): Here's a tip: Keep the taxation of tips as-is. - University of Illinois Tax School (
https://taxschool.illinois.edu/blog/ ) : A look at the reopening of the Employee Retention Credit Voluntary Disclosure Program. - National Taxpayer Advocate (
https://www.taxpayeradvocate.irs.gov/taxnews-information/blogs-nta/ ): The IRS has dispatched some 28,000 notices of claim disallowance regarding the ERC and promises more. Were business owners — including some of your clients — confused? How some notices were unclear or had no information on appeal rights. - Global Taxes (
https://www.globaltaxes.com/blog.php ): You can close but you cannot hide: Shuttered companies may still have to report beneficial ownership information. - TaxProf Blog (
http://taxprof.typepad.com/taxprof_blog/ ): After decades of uncertainty, the Supreme Court in Mayo v. United States resolved a conflict over the deference standard for tax regulations. That calm didn't last long. - Taxable Talk (
http://www.taxabletalk.com/ ): The story you will read here is true: How a big federal refund check just kept bouncing around and around and around.
Nothing but questions
- Tax Notes (
https://www.taxnotes.com/procedurally-taxing ): Are financial disability claims generally successful in Tax Court? - Turbotax (
https://blog.turbotax.intuit.com ): If your clients have a choice between a 403(b) and a Roth IRA, where should their dough go? - Don't Mess with Taxes (
http://dontmesswithtaxes.typepad.com/ ): At Last Some ROI Dept: Can pets reduce a tax bill? - The Rosenberg Associates (
https://rosenbergassoc.com/blog/ ): What questions should entry-level staff ask partners?
Fair play
- MeyersBrothersKalicka (
https://www.mbkcpa.com/insights ): Clients with two or more children probably already know how treating them "fairly" doesn't always mean treating them "equally." For estate planning, how a pot trust can help. - HBK (
https://hbkcpa.com/insights/ ): The tax proposals of Kamala Harris and, depending on what the November extravaganza produces, what clients should start doing for estate planning. - Palm Beach Accounting & Financial Services (
https://www.pbafs.com/blog ): Life insurance can help with many problems of passing on wealth — including inheritance taxes. - Gordon Law (
https://gordonlawltd.com/blog/ ): What to remind them about Form 926. - TaxConnex (
https://www.taxconnex.com/blog- ): The State of Washington inching toward its own retail delivery fee and increasing one levy to counter cuts in another are among recent developments in sales tax. - Withum (
https://www.withum.com/resources/ ): The latest California tax updates. - Taxbuzz (
https://www.taxbuzz.com/blog ): Key factors that typically determine the jurisdiction of a trust. - The National Association of Tax Professionals (
https://blog.natptax.com/ ): What to remind them about SDIRAs.
We can rebuild him
- Avalara (
https://www.avalara.com/blog/en/north-america.html ): Tech can make your procure-to-pay process better, stronger, faster. - Armanino (
https://www.armanino.com/articles/ ): How AI and RPA can unburden your tax team. - Boyum & Barenscheer (
https://www.myboyum.com/blog/ ): Submitted for your nonprofit clients' approval: Brad, the development director of an international environmental charity, was thrilled to learn from a fundraising staffer that one of the charity's past supporters was promising to make a new, six-figure donation. But there was a catch. - Canopy (
https://www.canopytax.com/blog ): How a simplified firm can be more efficient, productive and profitable.