Highlights of some of our favorite tax-related blogs from the past week.
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Thank you for your Service
- Taxable Talk: How the National Organization for Marriage has sued the IRS over the leak of 990 Schedule B and NOM’s list of donors. Reportedly, “someone at the IRS leaked that Schedule B to [NOM’s] political opponent, the Human Rights Campaign.” Icky, and hardly on the heels of a sterling period for the service.
- The Wandering Tax Pro: A look at IRS inflation-adjusted numbers for deductions, credits, phase-outs and rates for tax year 2014.
- Taxes at About.com: IRS revised contribution amounts to retirement savings plans for the year 2014.
- Tax Maven: “Check the Box Elections -- The Gift That Keeps on Giving” looks back at the pre-8832 days when “we agonized over how to insure entities would be classified for tax purposes as intended” and limited partnership agreements and LLC operating agreements were “painstakingly drafted.” No more.
Taxes are tough all over
- Tax Vox: Best opening of the week: “Ireland is playing the world like a Celtic harp, and perhaps the world deserves it.” Sure and begorrah, a look at how the U.S. and European nations complained for some time about Ireland’s “impish behavior” in international tax, specifically its tax “system to help facilitate tax avoidance by massive multinational enterprises such as Apple, Google, and Cisco.” Impish is one word.
- Mauled Again: A look at the recent decision by the Supreme Court of Virginia addressing imposition of tolls by a private entity empowered to do so by a state transportation agency to which the legislature delegated toll-setting powers. Such analysis, the blogger contends, will help when similar questions arise in other states.
Scam I am
- Fromm on Taxes: A look at a recent dial-a-theft from phony IRS agents targeting immigrants and others. Note: “These scams are better scripted than some Hollywood movies.” Some?
- Liberty Tax blog: Another look at the scam alert: “Victims are scammed by being informed, over the phone, that they owe the IRS tax money and it must be paid promptly through a wire-transfer or with a pre-loaded debt card.” Funny where obviously intelligent people decide to direct their talents.
- Due Diligence: In this week’s round up: “Nikolai Battoo and Tracy Sunderlage -- ‘Sons of Madoff’?”; “Businessman Gets Nine Years for Tax Evasion”; “Myths and Realities of Unreported Offshore Accounts, FBAR Post.”
By the bootstrappers
- Block Talk: Ins and outs of starting a new business on your own (“ … intimidating and rewarding at the same time … ”). Tips on solid business plans and proper guidance for your solo-wannabe clients.
That time o’ year
- Tax Break: The TurboTax Blog: Five easy tricks to help you celebrate Halloween -- and presumably all the other endless, now looming holidays -- without going broke. without breaking the bank. Plus, “Holiday Donations and Tax Savings” done right.
- Tax Girl: We Didn’t Know There Were Any Dept.: “11 Uses For Leftover Halloween Candy (And the Resulting Tax Consequences), plus “10 Smart Tips For Charitable Giving” (No. 1: Get a receipt.