In the blogs: The lore, the merrier

When notices arrive late; deferred FICA minefield; two decades a-wandering; and other highlights from our favorite tax bloggers.

The lore, the merrier

• Procedurally Taxing (https://procedurallytaxing.com): In US v Vaught, a federal district court declined to enforce a third-party summons due to the IRS failure to notify a taxpayer of its intent during the audit.
• Taxable Talk (http://www.taxabletalk.com/): Three ordinary tax notices arrived for the same client. What was unusual is that these notices were not postmarked the same: These were sent (most likely) at intervals of six weeks to a few days ago. How can clients timely respond to notices when the Post Office does not timely deliver mail?
• Federal Tax Crimes (http://federaltaxcrimes.blogspot.com/): A look at a new private newsletter devoted to DOJ Tax Division history, culture and “lore,” called “The Malone Report.”
• Taxbuzz (https://www.taxbuzz.com/blog): In case they’re planning either, what to remind them about the difference between tax avoidance and tax evasion.
• Solutions for CPA Firm Leaders (http://ritakeller.com/blog/): A Windows devotee’s Apple Store experience might teach your firm something about client service.
• Eide Bailly (https://www.eidebailly.com/taxblog): All the news on the agenda of Congress.
• Gordon Law (https://gordonlawltd.com/blog/): What to tell your startup clients about LLCs versus C corps when it comes to taxes.
• Current Federal Tax Developments (https://www.currentfederaltaxdevelopments.com/): The IRS has addressed a problem that taxpayers who deferred employer FICA under the CARES Act may run into soon — with a consequence “far more negative” than might fit an apparently minor error.

Disaster planning

• Tax Vox (https://www.taxpolicycenter.org/): After leading in the production of vaccines, why hasn’t the U.S. created a Marshall-like plan to help vaccinate the world?
• Tax Warriors (https://www.taxwarriors.com/): Among President Biden’s proposals is an increase in the long-term capital gain tax rate. For those looking to sell a family business, why planning for the potential higher rate is essential.
• Don’t Mess with Taxes (http://dontmesswithtaxes.typepad.com/): An entry still, unfortunately, fresh as the day it was minted: sources for disaster-preparedness.
• Tax Pro Center (https://proconnect.intuit.com/taxprocenter/): After a natural disaster, access to personal financial, insurance, medical and other records can help start the recovery. What clients can do to protect financial safety.
• Summing It Up (http://blog.freedmaxick.com/summing-it-up): Six recommendations to help small-business clients recover from the pandemic.
• The Tax Times (https://www.thetaxtimes.com): The Treasury Inspector General for Tax Administration recently claimed that efforts to address the compliance risk of underreporting of S corp officers’ compensation are increasing, but more is needed.
• HBK (https://hbkcpa.com/insights/): What large non-profits need to think about concerning their audit committees.
• Boyum & Barenscheer (https://myboyum.com/blog/): And does your non-profit client have an internal controls gap?
• National Association of Tax Professionals (https://blog.natptax.com/): This week’s “You Make the Call” looks at Fred and Jan, who are married and live in a community property state and plan to file separate returns. Jan earns $30,000 in wages from her employer. Fred is self-employed, earning $50,000 in net profit from his Schedule C business. How much income will each spouse report on their separate returns? Will each be subject to self-employment tax on their share of the Schedule C income?

Instant influence

• Parametric (https://www.parametricportfolio.com/blog): How taxes play an increasing role in customized fixed-income investing.
• TaxProf Blog (http://taxprof.typepad.com/taxprof_blog/): The most-cited tax faculty at the 68 most-cited law schools.
• CPA Growth Trends (https://www.cpagrowthtrends.com/): Takeaways from the recent AAM Summit on digital advertising trends include unifying content across platforms, the value of influencer marketing and using instant feedback via digital advertising.
• Surgent Income Tax School (http://www.theincometaxschool.com/blog/): The top six steps in starting a prep business.

Credit is due

• Taxjar (http://blog.taxjar.com/): A look at Florida’s 2021 sales tax amnesty program.
• Turbotax (https://blog.turbotax.intuit.com): Schooling them on education tax credits.
• National Taxpayer Advocate (https://www.taxpayeradvocate.irs.gov/taxnews-information/blogs-nta/): Part three of what they need to know about the Advance Child Tax Credit, including how “AdvCTC” tools work and a discussion of the struggles some are facing receiving their credit.
• The Wandering Tax Pro (http://wanderingtaxpro.blogspot.com/): Where this blog came from — and happy 20th anniversary!