In the blogs: Two out of three ain’t bad
April 23, 2019, 9:24 p.m. EDT
Another one in the books; bias in the TCJA; talking basis; and other highlights from our favorite tax bloggers.
Two out of three ain’t bad
- Mauled Again (http://mauledagain.blogspot.com/): What to remind them about keeping track of charitable contributions for tax purposes via a somewhat hard lesson learned by Beto O’Rourke.
- IRS Mind (https://www.irsmind.com/): When does payment deferral or “currently not collectible” end with the IRS?
- Income Tax School (http://www.theincometaxschool.com/blog/): A look at the recent IRS expansion of penalty relief to taxpayers whose 2018 federal income tax withholding and estimated tax payments fell short.
- Intuit Proconnect (https://proconnect.intuit.com/taxprocenter/): The self-employed seem to be at the bottom of our tax food chain year after year. How to advise them.
- Taxbuzz (https://www.taxbuzz.com/blog): Two out of three Americans were supposed to get a tax cut. Was one of your clients among them?
- Summing It Up (http://blog.freedmaxick.com/summing-it-up): How to get started with IT asset management.
- Rubin on Tax (http://rubinontax.floridatax.com/): Applicable federal rates for May.
- Boyum Barenscheer (https://myboyum.com/blog/): How good internal controls can prevent occupational fraud from cutting into your business client’s profits — and generating negative publicity.
- Turbotax (https://blog.turbotax.intuit.com/): What to tell them, in the wake of the season gone by, about what records to keep?
- Tax Girl (https://www.forbes.com/sites/kellyphillipserb): And if they didn’t file?
- Don’t Mess With Taxes (http://dontmesswithtaxes.typepad.com/): Needs All the Help It Can Get All Year Dep’t.: Tax ways to keep the spirit — and money-saving positive work — of Earth Day alive and thriving throughout the year.
What’s the use?
- Tax Foundation (https://taxfoundation.org/blog): In 2017, OECD countries raised a third of their tax revenue through consumption taxes such as the value-added tax, making consumption taxes on average the most important revenue source. Social insurance taxes and individual income taxes were the second and third most important sources of tax revenue in the OECD, at approximately 25 percent each. A look at the other facts and figures of how developed countries raise tax revenue through a mix of individual income taxes, corporate income taxes, social insurance taxes, taxes on goods and services and property taxes (“the extent to which an individual country relies on any of these taxes can differ substantially”).
- Avalara (https://www.avalara.com/us/en/blog): Even though it’s been around since 1999 and has 24 member states, many businesses have a lot of questions about the Streamlined Sales and Use Tax Agreement. If your client faces collecting sales tax in multiple states, it could be worth your while to learn about the SST.
- Procedurally Taxing (http://procedurallytaxing.com/): Guest blogger Matthew Hutchens, experienced as a low-income tax clinic attorney with Indiana Legal Services and now lecturer of accountancy at the University of Illinois, discusses a recent Sixth Circuit opinion analyzing the timeframe for filing a wrongful levy action in a dispute over whether a past levy attached to recent payments owed to the taxpayer by their alleged alter ego.
The season that was
- Ignite (https://exchange.kscpa.org/ignite): As Time Goes On Dep’t.: What to give — and expect — from Gen Z talent.
- Solutions for CPA Firm Leaders (http://ritakeller.com/blog/): Busy season is history and now it’s time to participate in the Rosenberg MAP Survey.
- The Wandering Tax Pro (http://wanderingtaxpro.blogspot.com/): In the season that was, issues continued with New Jersey taxpayers who no longer receive 1099-Gs for unemployment income and withholding in the mail. On the plus side, the 1098-T to college students is finally no longer the equivalent of tits on a bull (the blogger’s phrase, not ours), among other issues.
- Liberty Tax (http://www.libertytax.com/tax-lounge): Light-hearted look at how one’s Spidey Sense can tingle over cutting a tax bill.
- Wolters Kluwer (http://news.cchgroup.com/): “Improving Audit Reviews: Slowing Down To Speed Up.”