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

Send in the crowns

  • Don’t Mess With Taxes: Blimey! Dept.: Those who think the IRS is the biggest tax-collecting threat on the planet should pop across the pond and chat with the British man who received the following from Her Majesty’s Revenue and Customs: “We think the amount you owe HMRC is £14,301,369,864,489.03.”
  • Liberty Tax: Best ways your clients can use that shiny new ACA plan.
  • Summing It Up: How the R&D credit may apply to a great number of your clients – and they may not even realize it.
  • TurboTax: How to make that scrambling Neverland of work – self-employment – at least a little easier regarding taxes for clients.
  • Bloomberg BNA: Sometimes “over there” can just mean over the hill: “Why More and More States are Considering Combined Reporting.”

Potholes

  • TaxMama: Mama helps a heap of people with questions about expired refunds, specifically after not filing for several years.
  • Mauled Again: Talk about breakdowns: Seems no state wants to hit the highway first regarding a mileage-based road fee, on which rests nothing short of “the future of highway, bridge, and tunnel maintenance, repair and expansion.” The shrinking violet phenom is only “one element of 21st century American political and cultural dysfunction.”
  • Due Diligence: In this week’s collection: “More Blood on the Hands of Big Pharma?”; “Whistleblowers Claim Hospital Orders Too Many Surgeries”; “Whistleblower Receives $4.5 Million Award”; “Tenet Healthcare – the Most Despicable Name in Healthcare”; and “New Medicare Fraud Investigation – Reziuddin Siddique.”
  • John R. Dundon II EA: Even the happiest couples fight. A look at when to approach the IRS Office of Appeals, along with Fast Track Settlement and other programs.

Q.-and-A.

  • Tax Musings of a Burbank CPA: When the quick answer is “maybe”: Selling a residence means your client may or may not or then again may have to pay income tax on the gain.
  • Rubin on Tax: Was a partnership that was a partner in a Cayman Islands partnership under any obligation to prepare an inaccurate return to avoid failure to file? Ask the partners.
  • Federal Tax Crimes: A look at United States v. McBride, involving the “relatively common scenario” of a U.S. taxpayer who adopted a “sincerely held belief” that he does not owe tax in mask his tax evasion. How that went, with a nod to Cheek v. United States.
  • Solutions for CPA Firm Leaders: How the young’uns in your firm actually do value review notes.

What we deserve

  • Tax Analysts: Take 2 on Trump’s tax plan (“With … rivals now dispatched, Trump can shift gears and think about how much his plan costs …”).
  • Tax Vox: Hillary Clinton recently released her 2015 individual income tax return (and wasn’t shy about challenging a beleaguered opponent to do likewise). This blogger’s initial verdict: “The Clintons are rich, pay a lot of taxes, and are more generous than average for people in their bracket. They file returns that seem designed for intense scrutiny, which is to say, kind of boring.”
  • A Taxing Matter: A look at how unveiling returns can be a “measure of character” of a candidate, and how “taxpayers deserve to know.”

New to us

  • IRS Tax Trouble: Houston Empowered Tax LLC offers a collection of tips, tricks and subjects. This week: “IRS Collections for U.S. Military Personnel,” including how judicial and administrative proceedings are temporarily suspended for those in the military. Welcome aboard.

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