Highlights of some of our favorite tax-related blogs from the past week.
Don’t Mess With Taxes: Trump’s first undeserved tax break, said the candidate, was a mistake. So apparently was the second one.
The Wandering Tax Pro: “The surprising success of dangerous buffoon Donald Trump, a reality TV cartoon clown, in the presidential campaign is a result of a genuine feeling of disgust with current “traditional” politicians by the public – a completely understandable response to the inaction, incompetence, and inability to work together for the good of the country by the idiots in Congress that has been going on for the past few decades.” Funny how every new decade and big-time face often makes us nostalgic for the ones before it.
Tax Analysts: How the government’s anti-inversion regulations, under which the IRS can crack down on abusive earning stripping, can just ruin a fat merger’s day.
Due Diligence: In this week’s collection: “Better Pay for Home Care Workers”; “Feds Bust Phony Tennessee Minority Owned Biz”; “Oracle to Sue Whistleblower”; and “DOJ Intervenes in $50 Million Medicare Fraud Whistleblower Suit.”
Mauled Again: Tax fraud off TV – in this case, a plaintiff who bought a car from the defendant who claimed to be an independent car wholesaler. “The plaintiff did not get title to the car. Title had been transferred from a third party to an auction house, and from the auction house to one of the defendant’s companies. The defendant explained that his attempt to transfer title to the plaintiff hit a snag.” More after these important messages.
John R. Dundon II EA: Turns out you don’t have to always cross an ocean to find a tax haven; international money quietly flows into the U.S. even as “the line is blurred at best between ‘investing’ in the U.S. and ‘sheltering’ assets from foreign taxation.”
Shaking it up
Tax Vox: Saline it ain’t so: “Is a Salt Tax in Our Future?” looks at the FDA’s proposed voluntary targets for reducing sodium as jurisdictions nationwide and around the world mull sugar taxes.
H&R Block: What to remind clients about who exactly is covered by the Nanny Tax – and how reducing the stress of childcare can create a different kind of stress with the taxman.
Solutions for CPA Firm Leaders: What’s in it for the mentor, the mentee and, maybe most important, your firm.
IRS Problem Solver Blog: Flowers? Wine? Your standard brimming shoebox? “What to Bring With You When You Meet With a Tax Attorney.”
Roth & Co.: When You’re Having Fun Dept.: Second quarter payments loom. Reminders for your clients that even if the penalty is lower than for filing late, it’s still smart to pay on time.
Philadelphia Estate and Tax Attorney Blog: What to tell them about letters from the IRS, starting, of course, with “Don’t panic.”
TurboTax: Summer jobs can put money in teens’ pockets and tax obligations on their record. A guide for those who mow, paint or burger-flip themselves into their first tax bracket.
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