AT Think

In the blogs: Lots to look at

The High Court considers taxes; a new perspective on cyber attacks; how to answer the phone; and other highlights from our favorite tax bloggers.

Processing Content

Lots to look at

  • Procedurally Taxing (https://procedurallytaxing.com): The Supreme Court has a full fall calendar of tax-case topics, including equitable tolling, calculating FBAR penalties, a private quiet title action and limitations on judicial relief regarding unstayed bankruptcy court sale orders.
  • Current Federal Tax Developments (https://www.currentfederaltaxdevelopments.com/): A look at the recently updated IRS FAQs on pandemic assistance related to purchases of a home and payment of premium mortgage insurance.
  • National Taxpayer Advocate (https://www.taxpayeradvocate.irs.gov/taxnews-information/blogs-nta/): Part two of a series of tips when trying to understand IRS transcripts, starting with "Cycle Dates" and "Transaction Dates."
  • The Wandering Tax Pro (http://wanderingtaxpro.blogspot.com/): The history of income tax in America began barely 20 years after Plymouth Rock and has enjoyed a bevy of levies, repeals and tinkerings since.
  • Summing It Up (http://blog.freedmaxick.com/summing-it-up): How to help your biz clients protect against cyber attack, including coming at the threat from the hacker's point of view.

All's fair

  • Tax Vox (https://www.taxpolicycenter.org/): President Biden's plan to raise taxes on the ultra-rich died in Congress, but the idea lives on in states. 
  • Mauled Again (http://mauledagain.blogspot.com/): The tax troubles just keep on comin' for one former state senator, even after more than a decade.
  • TaxProf Blog (http://taxprof.typepad.com/taxprof_blog/): Given that various deductions are disallowed if they are closely tied to criminal activity, tax law treats criminals differently from non-criminals. Should it?
  • Federal Tax Crimes (http://federaltaxcrimes.blogspot.com/): A district court has sustained the IRS's $1.4 billion-plus jeopardy assessment in United States v. Brockman — what the agency maintains "represents the largest jeopardy assessment/levy case in the history of the United States."
  • Institute on Taxation and Economic Policy (https://itep.org/category/blog/): If lawmakers believe it's worthwhile to extend corporate tax breaks, then it would be entirely unreasonable for them to not conclude the same about tax provisions that help low-income children.
  • Tax Foundation (https://taxfoundation.org/blog): A new Congressional Budget Office report reveals that lower- and middle-income households are disproportionately shouldering the burden of the inflation wave.

Practically speaking


For reprint and licensing requests for this article, click here.
Tax tools IRS Tax preparation Cyber attacks Non-profits Sales tax Income taxes U.K.
MORE FROM ACCOUNTING TODAY

UHY has added RBT CPAs LLP, expanding the Michigan-based Top 50 Firm's presence to New York's Hudson Valley and bolstering its wealth management practice.

2h ago
4 Min Read
UHY office in Melville, New York

Plus, new partners at Weaver and Gross Mendelson; a host of scholarships in Illinois; and other firm and personnel news from across the profession.

July 3
1 Min Read
Amy Kistka of Deloitte

Plus, CCH Axcess adds complex document ingestion and interpretation; TaxStatus launches Planning Observations to automate discovery; and other accounting tech news and updates.

July 3
1 Min Read
Xero Denver

Red flag returns; dubious dental surgeries; high percentage of refunds; and other highlights of recent tax cases.

July 2
5 Min Read
jail2-fotolia.jpg

As the July 4 launch date nears when clients can start contributing to Trump accounts, advisors discussed pros and cons of this method to save for children.

July 2
5 Min Read

The Internal Revenue Service's Taxpayer Assistance Centers staff provided incorrect advice about the tax laws in nearly half the visits by inspectors.

July 2
3 Min Read
An IRS office building in the East Harlem neighborhood of New York