Highlights of some of our favorite tax-related blogs from the past week.

ABCs (and a TY) of the ACA

  • Taxing Subjects: Obamacare basics, including fee exemptions for not having coverage.
  • John R. Dundon II EA: An EA’s four quotes regarding the ACA as we near the definitely-not holiday season. Samples give you the flavor: “ … for sure the only thing we can rely on, barely … ”, “N-I-G-H-T-M-A-R-E!” and a four-letter word with “ty” stuck on the end.

We Hold These Untruths…

  • Mauled Again: Those who don’t know history are destined to write about it. A look at the misconceptions, ignorance and just plain garbage about the last century of U.S. taxes that now swirls through social media.
  • H&R Block blog: For some your jaw will drop, for others it’s a trip down memory lane. “5 Small-Business Tax Myths,” including deducting for deodorant, and a client sticking a business decal on a car and trying to write off the oil changes.
  • TaxProf Blog: TIGTA reports that IRS oversight of its staffers’ outside employment falls far short of preventing potential conflicts of interest. Of note: “IRS records indicate that in calendar year 2011, nearly 3,000 of the more than 6,000 active, full-time IRS employees who held jobs or participated in business activities outside the IRS did not obtain documented approval, as required by Department of the Treasury regulations and IRS policies.”
  • Taxable Talk: Any blog that begins the week’s entry with “Sometimes you can’t make this stuff up” sure deserves a look, and here’s the story of imarriedanidiot.com, founders of which tried to pull a big scam on the IRS. Eventually, the real idiots weren’t determined to be in the wedding party.
  • Don’t Mess With Taxes: Congressional questioners looked high, they looked low. A glance at the recent possible break in the hunt for Lois Lerner’s lost IRS e-mails, with their fleece as white as snow.
  • Rubin on Tax: We’ve Run Out of Puns for the Word “Scam” Dept.: How recently the blogger himself received two messages on his answering machine “purporting to be from the IRS, advising me that I owe taxes and if I don’t call them back I may be arrested.” The beat goes on.

 TEFRA-rah!

  • Tax Litigation Survey: All TEFRA all the time: A look at JT USA v. Commissioner, in which the Ninth Circuit overruled the U.S. Tax Court and held that a partner who had both a direct and indirect partnership interest could not make different elections concerning participation in the partnership tax proceeding.
  • Procedurally Taxing: Guest blogger Andy Grewal brings his “keen eye for TEFRA issues” to bear on Petaluma FX Partners v. Commissioner, pending in the D.C. Circuit.

It runs like water

  • Tax Break: The TurboTax blog: No Thanksgiving dinner is complete without banter about shopping, but when the cranberry sauce becomes but a memory, “Are Black Friday and Cyber Monday Deals Really Worth It?”
  • Musings of a Burbank CPA: How retirees can boost spending power – chiefly by packing up for new digs. A look at a recent Money Magazine article on the subject.
  • Tax Vox: On the docket: a California tax increase ignites yet another budget battle and tuition hike; how the re-election of Florida Republican Governor Rick Scott portends another $1 billion in tax cuts over the next two years; and the governing board of Washington State’s Central Puget Sound Regional Transit Authority votes to seek a combination of tax hikes to help fund expansions of a light rail system and support bus and commuter-train services.
  • Roth & Co.: Roll’em: a “battle report from a skirmish in the state tax policy wars” writes large one state’s film tax incentives and they don’t always promise the bottom lines that dreams are made of.

Tips for clients

  • Taxes at About.com: Nuts and bolts of the foreign earned income exclusion.
  • Tax Maven: Potentially one of you and your clients’ best friends in year-end planning time: the Roth IRA conversion.
  • Tax Policy: Build it and they will come: a look at the five basic legal forms of business structures found in the U.S. -- C corps, S corps, sole proprietorships, partnerships and LLCs.
  • Bond Beebe’s It’s Taxing: A look at recent IRS guidance on the IRA one-rollover-per-year rule and why it recently changed.

Gathering ye rosebuds

  • Thegleimblog: Welcome to new in-the-trenches blogger and EA exam candidate Dennis F., a CPA taking the EA exam “to gain taxation knowledge which will help him during tax season.” Welcome, Dennis, and now reap the relaxed rewards of a fine blog, for April looms.

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