In blogs: News


This regulatory issue; ARP cannot impose tax cuts; email protection; and other highlights from our favorite tax bloggers.

The news

  • The wandering tax pro ( “What the tax preparation industry really needs” is a long but detailed and intelligent analysis of tax preparation regulatory proposals from the perspective of decades of hard work in the field. Take the time to go through this one carefully, and the blogger appreciates the comments.
  • Vox Taxation ( When the Tax Code aims to provide benefits to children, expect complexity. “Who’s the kid anyway?” The definition of ways and means makes it more difficult to know the IRS.
  • TaxPro Blog ( If you’re looking for a change, “Loyola-New Orleans is looking to hire an entry-level or full-time tax professor.”
  • Avalara ( Favorite Opening of the Week: “Peanut Butter on Pickles…” Similar ingenuities have started to catch on in the business world as companies combine disparate services into bundle packages. While the various options may sound good to the consumer – well, not the pickles – how will the odd new combos be taxed?
  • Still roughed up ( Another favorite opening this week: The things tax preparers do to get in trouble are as varied as there are tax preparers who get into trouble. Although often the same “technique” to help clients evade tax or defraud clients is used over and over. Here’s a look at one that was new to the blogger.
  • Tax foundation ( Kentucky and Tennessee just won a big legal victory when a federal court ruled that the US bailout’s restrictions on state fiscal autonomy were unconstitutional and blocked the application of those provisions against both States. The judge ruled that the ARP’s provision, which limited the power of states to reduce taxes if they accepted their share of the $ 195.3 billion in tax recovery funds provided for in the bill, was unduly coercive .
  • Wolters Kluwer ( The IRS has streamlined filing compliance procedures for Code Sec. 965 Transition tax.
  • National Taxpayer Advocate ( The last of another depot season that won’t die.

Give them credit

  • In summary ( Healthcare customers should be aware that the federal Department of Health and Human Services has announced the availability of additional funding of $ 25.5 billion for healthcare providers. The package includes $ 17 billion in additional supplier relief funds for a phase 4 tranche, as well as $ 8.5 billion in ARP funding.
  • Professional Tax Center ( What remind them of the recent extension of the tax credit for employment opportunities.
  • Taxjar ( What finance professionals really think about e-commerce – and their own understanding and confidence in it.
  • CPA growth trends ( Roll’em: tips for integrating video into your marketing strategy: where to find equipment, where to find ideas and how to get a return on your investment.
  • Federal tax crimes ( To your brand Dept. : a recent article on the “interesting phenomenon” of wealthy Germans fearing higher taxes, seeking to move and hide assets and related taxable income.
  • Turbotaxe ( What to remind them about property taxes.

Thorns in the side

  • Tax warriors ( No matter how good your company’s email filtering system is, bad emails get there. How do you distinguish a legitimate email from an email that is not? How can you be sure that the person sending you this PDF is who they say they are and that they are not trying to smuggle malware into your system? Weeding can actually be simple.
  • Canopy ( Tracking hours, reviewing timesheets, personalized monthly invoicing, accounts receivable, writing or missing time, collections, inconsistent cash flow, swapping time for money, extinguishing customer fires: thorns in the foothold of the accounting industry for decades. Is a membership-based subscription business model the answer?
  • Parametric ( Two words can set off more alarm bells with investors than any other: taxes and tracking error. Investors in separately managed accounts regularly hear these hot words from their advisers. Helping clients manage their taxes while understanding the role that tracking error plays in potentially reducing their tax burden is essential.
  • Procedural taxation ( The decision of the district court of IRS, et al v. Starling overturns a bankruptcy court ruling – regarding the tax discharge following an SFR assessment – which followed the authority created in the 8th Circuit long ago. Although the district court’s finding realigns the result to that of most courts that have dealt with the issue, “a significant division of authority continues to exist, calling for legislative or judicial resolution.”

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