A new holiday; VAT questions; give parents credit; and other highlights from our favorite tax bloggers.
Misconceptions
- Taxable Talk (
http://www.taxabletalk.com/ ): Most of us remember when the IRS was accused of deliberately targeting conservative tax-exempt nonprofits. It was a huge scandal at the time, and it led directly to the IRS’s budget being cut. One would assume the IRS had learned. One would be wrong. - Summing It Up (
http://blog.freedmaxick.com/summing-it-up ): The ins and outs of R&D, starting with how fewer than a third of eligible companies realize they qualify for the credit. - Current Federal Tax Developments (
https://www.currentfederaltaxdevelopments.com ): The IRS is warning exempt organizations that file the 990-EZ or 8868 on paper risk running into issues, either getting premature notices regarding a failure to file or long delays in getting an acknowledgment of the approval of their extension request. - Boyum & Barenscheer (
https://myboyum.com/blog/ ): Learn the difference between “profit,” “cash flow” and “success.”
Recent discussions
- Taxing Subjects (
https://www.drakesoftware.com/blog ): So, how did your 2021 season go? - Tax Foundation (
https://taxfoundation.org/blog ): Recent discussions of a global minimum tax may lead many to believe that there is just one proposal being discussed for the world. Untrue. President Biden has led a renewed effort on global negotiations over minimum taxation, but his proposals for U.S. companies differ significantly from proposals that had previously been discussed at the international level. - Palm Beach Accounting and Financial Services (
https://www.pbafs.com/blog ): The Biden administration’s proposed tax changes that could affect estate planning for the wealthy can teach clients (and firms) a lot about the Tax Code’s impact on inheritances. - Taxjar (
http://blog.taxjar.com/ ): A look at Florida’s newest (and third) sales tax holiday. - Mauled Again (
http://mauledagain.blogspot.com/ ): Pick A Lane Dept.: The promises, wrangling and retracting of a proposed tax break for parking garages. - Sovos (
https://sovos.com/blog/?region=united-states ): Answers to some of the more common VAT compliance concerns post-Brexit, including how postponed VAT accounting works. - The Tax Professional (
http://thetaxprofessional.blogspot.com/ ): Handy dandy buzz for all tax pros. - Allison Christians (
https://www.allisonchristians.com/blog ): The latest “Careers in Accounting” talks with Heather Evans of the Canadian Tax Foundation. - Solutions for CPA Firm Leaders (
http://ritakeller.com/blog/ ): They’re outta here: A look at the new “Great Resignation” and what it portends for the future of the profession’s labor pool. - The Wandering Tax Pro (
http://wanderingtaxpro.blogspot.com/ ): To clients: The somethings that tax pros can do nothing about. “Got it?”
Meet the parents
- TaxMama (
http://taxmama.com ): What to remind them about recent IRS conveniences regarding the Child Tax Credit, among subjects of other major taxpayers’ questions. - Don’t Mess with Taxes (
http://dontmesswithtaxes.typepad.com/ ): A look at tax breaks for single dads, including networks on where to find them. - Eide Bailly (
https://www.eidebailly.com/taxblog ): All the news that fits to print on the upcoming CTC — including advising clients not to take it.
