In the blogs: Dirty words and bonus questions

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

Dirty words

  • Roth & Co.: Among recent tax crimes in Iowa, former owners of a longtime Irish pub who underreported bar income and who may have had a visit from an IRS secret shopper when they sold the place.
  • Due Diligence: In this week’s collection: “Is Outsourcing a Dirty Word for Mortgage Underwriters?”; “Radiology Centers & Illegal Practices”; “Fla. Hospital Pays $12M in False Claims Act Whistleblower Case”; “Wells Fargo Hits a New Low”; “French Whistleblowers Dissatisfied? File in the U.S.!”; “Allied and Jim Hodge … What Next?”
  • Tax Analysts: First blog to use the word “Trumpian”!

Bonus question

  • BNA blogs: Significant changes to how the IRS audits and assesses tax on partners and partnerships takes effect after 2017. How the idea is faring in Arizona, so far the only state to adopt the federal government’s revised procedures and a possible blueprint for other states.
  • Turbotax: Are There No Deductions? Dept.: Holiday bonuses really add to the joy of one season and, when it comes to taxes, take away from the joy of another. How big a bite of fruitcake will these withholdings take?
  • The Wandering Tax Pro: Blogger Robert Flach adds to his growing list of tax reform suggestions with this proposed change to the rules for deducting business use of a personal automobile.

Lawyerly terms

  • IRS Tax Trouble: “If a sole proprietor is able to deduct an expense he incurred in the year he died for property that was not used up in the year he died, must his estate then report the amount as income in the following year for the amount of taxes saved by the deduction in the prior year? Estate of Backemeyer addresses this for the first time.
  • Federal Tax Crimes: The plight of tireless alleged tax evader Bodhan Senyszyn, who has “often and loudly proclaimed his innocence of the charge and who now is back in court. (“The Court found that his pleading was inartful – as often [is] the case for parties representing themselves – and recast the pleading in more lawyerly terms …”)
  • Rubin on Tax: “If a bankruptcy trustee seeks to gain access to assets that the debtor transferred prior to bankruptcy under fraudulent conveyance law, the trustee must act within the applicable state fraudulent conveyance law statute of limitations.” Granted – but a recent Bankruptcy Court case demonstrates a large loophole in this limitation.

Special considerations

Tax Girl: Green Party presidential nominee Jill Stein has raised millions of dollars from voters in an effort to force presidential election recounts in at least three contested states. What happens to the cash if there’s no recount?
Summing It Up: Disabilities are for life – the life of the child and the life of the parent. What to tell them about setting up a special needs trust.
Dinesen Tax Times: Getting a business off the ground ignites a lot of questions – and if clients come to you for the answers, one you can give them concerns the validity of scanned receipts for tax purposes.
The Income Tax School: Your essential tax office training checklist, from pricing and policy to e-filing and staplers.
Philadelphia Estate and Tax Attorney Blog: A look at the new IRS online tool to help taxpayers with balance inquiries.

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