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

Pass it on

  • Liberty Tax: How recent TurboTax troubles (Accounting Today) spotlight the advantages of help in prep.
  • Burbank CPA Tax Musings: A look at IRS tips for declaring tips.
  • Tax Maven: To err is human, to be audited terrifying. Requirements for a rescission and a history of the concept.
  • John R. Dundon II blog: Good to Know Dept.: “LLC Income Is Indeed Subject to Self-Employment Tax” looks at a change to a ruling that stood for nearly two decades.
  • Taxes at About.com: What your clients might well believe about their W-2s, including what to do if (when) it doesn’t come in the mail on time.

Car talk

  • Roth & Co.: The new IRS vehicle depreciation limits and updates on last year’s limits for Extension of Bonus depreciation.
  • Tax Girl: New England Patriots quarterback Tom Brady slips out of the taxman blitz regarding that Super Bowl MVP Chevy Colorado. The automaker is delivering the prize vehicle directly to hero cornerback Malcolm Butler. Price of fame.

Special days

  • The Wandering Tax Pro: Our mother used to say (and she was quoted by many) that the older you get, the faster the years seem to go past. Time again for “The 12 Days of Tax Season” (“ … On the first day of tax season my client gave to me, a Closing Statement for the purchase of a home … ”). Deduct the halls.
  • Don’t Mess With Taxes: “Despite the pejorative presidential tags given to recent legislation,” a look at how names get tagged to laws: Roth IRA, Pease Rule. What about Washington’s Birthday?

Hard work

  • ClientWhys: You bust your butt on an engagement and the client swears to spread the good word. Tips to make sure they do, especially online – where your rep can spoil from one rotten comment.
  • Solutions for CPA Firm Leaders: Are wellness programs, “all the rage a few years back,” still healthy? How to keep in shape while shackled to your desk.
  • Taxable Talk: Happy diamond birthday! The first entry 10 years ago included the phrase “bozo tax offenders” and the concept only improved with age.

Crime time

  • Due Diligence: In this week’s roundup: “Big Whistleblower Win on ‘Public Disclosure’ Bar”; “Is Bank Secrecy Dead?”; “$1 Billion S&P Settlement Highlights FIRREA Powers”; “Bearer Shares Probe Puts UBS Crosshairs-Again!”; “Ocwen – Turn Yourself In And Beg For Mercy”; “Filthy Pharma – Whistleblowers and cGMP”; “Where is the Justice?”; “Ranbaxy Labs and Adulterated Drugs”; and “Trial Begins in Gruesome Medicare Fraud Case” (hint: potentially unneeded surgeries).
  • Taxing Subjects: Got a client who breaks even about every season yet the IRS now claims they want a six-figure refund returned? A 90-year-old client now on the hook for buying a dozen Xboxes 3,000 miles away? Tips on protection against tax-related ID theft.
  • The Tax Times: Speaking of scams on the service’s Dirty Dozen list, hiding money or assets in unreported offshore accounts remains on the annual roundup.

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