Back to school; a possible bitcoin bubble; good uses for reverse audits; and other highlights from our favorite tax bloggers.

Setting dates

  • The Wandering Tax Pro (http://wanderingtaxpro.blogspot.com/): Lesson one for parents of new college students: The U.S. Tax Code provides several benefits to help pay for a college education but you better save that documentation.
  • Tax Girl (http://blogs.forbes.com/kellyphillipserb): The start of a new school year and an apparently growing economy make for a busy time for the housing rental market. Here’s what to remind your tenant-clients about possible tax benefits for renters.
  • TaxMama (http://taxmama.com): TaxMama reminds all in the gig economy about estimated tax payments being due, and some tips for maintaining both a livelihood and some dignity.
  • TurboTax (http://Blog.turbotax.intuit.com): What to tell them when they miss the deadline for paying estimated tax.
  • Solutions for CPA Firm Leaders (http://ritakeller.com/blog/): How to combat those late-summer, laid-back lazy days.
  • Rubin on Tax (http://rubinontax.floridatax.com): Applicable Federal rates for September.
  • John R. Dundon II EA (http://johnrdundon.com/): Fiscal 2018 per diem rates, the standard of which is up two bucks.

Of buds and bits

Cases in point

  • Due Diligence (http://www.mahanyertl.com/mahanyertl/): In this week’s collection: “SEC Charges FEBC (Federal Employee Benefits Counselors) for Targeting Federal Employees in Variable Annuity Scheme”; “ICBC Prosecution: Intersection of Customs Duty Evasion and Money Laundering”; “Medicare Fraud Investigation – Always Best Care of Michiana.”
  • Procedurally Taxing (http://www.procedurallytaxing.com/): Trimmer v. Commissioner provides good news for taxpayers who fail to roll over their IRAs on a timely basis -- and perhaps good news for taxpayers in other circumstances who have a good equitable argument.
  • Houston Tax Attorney (http://www.irstaxtrouble.com/category/tax-blog/): Passive activity loss rules can prevent real estate investors from being able to deduct their real estate losses — but rules and how they have been interpreted “draw some known but arbitrary lines in the sand” as addressed in the recent Hickam v. Commissioner.
Jeff Stimpson

Jeff Stimpson

Jeff Stimpson is a veteran freelance journalist who previously served as editor of The Practical Accountant.