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

Timing is everything

  • Tax Vox: The Tax Policy Center’s new series Tax Line, “which digs into the data behind the day’s most pressing tax policy issues,” looks at how health-care subsidies disproportionately benefit high-income households.
  • Federal Tax Crimes: A look at the Third Circuit's recently unpublished opinion in United States v. Celluci, “a reminder of some hiccups in the normal application of the Guidelines for tax sentencing.”
  • Bloomberg BNA: A look at how beginning after Dec. 15, 2018, for public companies, and after Dec. 15, 2019, for private entities new guidance will require all firms with operating leases of greater than 12-month terms to report these leases on their balance sheet.
  • IRS Tax Trouble: Passive activity loss and material participation rules when it comes to how some losses may not be netted against gains in the current tax year.
  • Mauled Again: Question for your evening commute, most pressingly in New Jersey: “What happens when there’s no money in the [transportation] fund and a bridge collapses?”
  • Procedurally Taxing: How Weiss v. Commissioner holds that the time period for making a collection due process request runs from the date the IRS mails the notice and not from the date on the notice – “not a surprising result [but] the Weiss case raises the issue in a surprising context.”
  • BNA blogs: Tricks and tips for applying new nonprofit rules from FASB, especially regarding detailed analysis of expenses by natural classification.

Sneakin’

  • Don’t Mess With Taxes: Nike finds itself “in an unwanted tax spotlight” as it tries to go the distance on a nearly $223 million tax deficiency notice from the IRS. “Uncle Sam’s tax collector says the company owes the money after the agency rejected the way the sporting wear giant distributed foreign tax credits among its overseas subsidiaries.”
  • The Tax Times: A look at a Law360 report that a Minnesota federal judge has denied the IRS request to enforce a summons against a local criminal defense lawyer accused of hiding tax-related information. The defense: a Fifth Amendment objection citing the right against self-incrimination.
  • IRS Problem Solver Blog: What is the difference between tax avoidance and tax evasion?
  • Taxjar: States that have enacted click-thru nexus provisions.

The big chairs

  • Roth & Co.: We’ve definitely got more than many countries in this world – a plentitude that’s certainly obvious when it comes to our third-highest general top marginal corporate income tax rate (38.92%), topped only by the United Arab Emirates and Puerto Rico.
  • Solutions for CPA Firm Leaders: RBIs, ERAs, HRs and now CPAs: One of the profession’s own makes it into the 2016 Topps’ baseball card set.
  • Taxing Subjects: For all you employers out there (and the preparers who love them), a brush-up on ACA terminology, specifically how to tell “affordable” from “minimum” coverage.
  • Taxable Talk: Like So Many Obligations in Life Dept.: “Paying employment taxes is only optional until you get caught.” A look at two cases.

Coming changes

  • Dinesen Tax Times: The definition of an “eligible educator” as it relates (and boy does it relate) to the $250 Educator Expense Deduction.
  • H&R Block: What to remind them about the AOC and other education credits.
  • TurboTax: The tax consequences of dipping early into a 401(k).
  • The Income Tax School: If golf and postcard sunsets aren’t all a client wants out of looming retirement, why not try a hand at – wait for it – tax prep?

By the half-dozen

  • ClientWhys: Six ways to protect your computer network, starting with understanding the threat.
  • Tax Girl: Six reasons “not to engage with scammers, no matter what your Facebook friends tell you,” notably in the wake of what the blogger sees as “an uptick in taxpayers offering advice about the best ways to deal with the scammers.” Unclear what to do if your Facebook friends are scammers.

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