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

Eyeing the IRS

  • H&R Block: Remember in the original Star Wars when Darth Vader enters Princess Leia’s cell with this black floating robot thing with a needle sticking out of it? “Taking the Fear Out of an IRS Audit” looks at the “rollercoaster of emotions,” the “thick letter from the IRS” and “freaking out.” Now, princess, we will discuss the location of your hidden rebel deduction…
  • Don’t Mess With Taxes: The House Judiciary Committee plans a warm summer for the IRS and Commissioner John Koskinen, including a pair of hearings to “examine what committee leaders say is misconduct by the head of the tax agency.”
  • Mauled Again: If your client’s boss makes your client buy something to perform the job, your client is probably naturally wondering if the price is deductible. Maybe it is and maybe it isn’t.
  • TurboTax: Eight handy facts about IRS installment payment plans.
  • Tax Musings of a Burbank CPA: Three? Five? Seven? Two hundred? How many years should your clients keep tax receipts?
  • Procedurally Taxing: Robocallers, debt collectors and the IRS: Guess which one is absolutely no longer initiating contact with taxpayers over the phone, even concerning field audits?

Image is everything 

  • Solutions for CPA Firm Leaders: How a look at the new brand of the Ohio Society of CPAs (“Advancing the State of Business”) can help if you’re rebranding your own practice.
  • Tax Analysts: “Trump is set to become the first major party nominee since 1976 to elevate his personal privacy over the public interest” in regard to not lifting the curtain on his returns until after November. We do suspect this will sway no voters toward or away from him, and wonder if we should hold the election tomorrow…
  • Due Diligence: In this week’s collection: “From Nursing Home King to Inmate”; “Come Clean or Go to Prison – Gov’t Targets Pharma Rep”; “Whistleblower Investigation – BiCNU – Emcure Pharmaceuticals”; “Trucking Co. Customer Reps Win Back Overtime”; and “Counterfeit Chemo Drugs Lead to Qui Tam Lawsuit.”
  • Bloomberg BNA: Findings of an execs’ survey of “real world lessons” regarding automation of repair regulation changes.

The eXempt files

  • A Taxing Matter: Recipe for a new bubbling conflict of Church and State (see “taxes”), via The Atlantic: A Catholic shrine in Attleboro, Mass., some 200 acres of surrounding land, and a blanket exemption dating from the Colonial Era.
  • Roth & Co.: “Happy exempt organization filing day.” How easily organizations might mess up their exemption status. Plus, can you even get 501 candles on a cake?
  • Tax Vox: Eye-raiser of the week: Taxable shareholders own only some 25 percent of corporate stock, down sharply in the last half-century. The other three-quarters now are held in such tax-exempt accounts as IRAs or defined benefit/contribution plans, or by foreigners, nonprofits or others.

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