Highlights of some of our favorite tax-related blogs from the past week.
Plan, baby, plan
- Tax Girl: No doubt your clients will soon roll in with great ideas on how they can save taxes, such as stock harvesting or prepaying a mortgage. The real skinny on what to tell them.
- Taxes at About.com: “A First Look at ABLE Savings Accounts” examines the new provision in the recently enacted Tax Increase Prevention Act of 2014 to offer a tax-advantaged, safe way to accumulate savings for people who became blind or disabled before age 26. Also, onward with the qualified charitable distribution provision of the act.
- The Wandering Tax Pro: Another look at the QCD, boon for both those getting on in years and charities needing help.
- The Tax Times: What to think about in clients’ time remaining regarding the recently passed extenders bill.
Devils and details
- Roth & Co.: Prepaying state and local taxes is a venerable year-end tax planning move for your clients. Too bad the AMT can also render it a costly one, in some circumstances, over a given two years.
- Our Taxing Times: A state-specific look at itemized deductions for Kansas this year. Note the “major change” and increase on the haircut for most itemized deductions.
- Tax Litigation Survey: A look at big takeaways from Belk v. Commissioner, in which the Fourth Circuit Court held that a conservation easement containing a substitution provision (which allowed for substitution of the land subject to the easement) did not constitute a qualified real property interest and the taxpayers did not qualify for a charitable contribution deduction.
- Musings of a Burbank CPA: The Better Business Bureau of West Virginia now calls the recent IRS telephone con the biggest scam of the year. Just proves what can happen when you apply yourself.
- Don’t Mess With Taxes: Spammers, scammers and phishers know no bounds in this most wonderful time of the year. Lest you doubt, this comes direct from the Secretary of the Treasury. So you’re to believe.
- Due Diligence: Are there no prisons? In this week’s roundup: “Medicare Fraud Lands Doc in Prison”; “Accounting Malpractice and Tax Fraud Scheme Leads to Prison”; “Small Pennsylvania Hospital Settles Whistleblower Medicare Suit”; “Illinois Man Heads to Prison for Tax Evasion”; “There is a New Sheriff in Town, Actually Several”; “False Claims Act Time for Reform?”; “Draw Near Sinners and Tax Collectors”; “Annuity Flipping”; and “Ex-Billionaire In Jail for Contempt.”
On the horizon
- Bond Beebe’s It’s Taxing: Our next contestant on Your April Headache: The ACA’s Shared Responsibility Provision. Come on down!
- Solutions for CPA Firm Leaders: Start your 2015 with “Inspiring Quotes for CPA Leaders.” Tack them up on your walls. Memorize them. Keep them handy in the coming season
Miles to go
- Backtaxeshelp: The latest IRS increases to standard mileage rates for 2015.
- Taxable Talk: The above, by the numbers. Plus, final reminder to submit nominations for the Tax Offender of the Year and a look at last years’ winners. Looks like Congress continues to beat Voldemort.
- John R. Dundon II blog: 2014 depreciation limits on luxury autos.
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access