Who Can Collect Taxes ?; clever marketing with a famous picture; Anti-deferral legislation; and other highlights from our favorite tax bloggers.
And we’re gone
- TaxProf Blog (http://taxprof.typepad.com/taxprof_blog/): From a recent New York Times article on what to advise on potentially rising taxes.
- Abused Again (http://mauledagain.blogspot.com/): When the tax headlines begin their four year march to bury us all, watch out for accuracy and remind clients that technically they are not presidents, raise the taxes.
- Solutions for CPA Company Leaders (http://ritakeller.com/blog/): The latest Bernie Envelope meme was indeed handy for reminding customers they no longer need to bring paper forms into a company’s office.
- Tax Warriors (www.taxwarriors.com/blog): The first part of a multi-blog series on the individual provisions of the Consolidated Appropriations Act begins with a refund / discount, the application for the deduction of the cost of personal protective equipment educators and higher education Deductions and Exclusions.
- Federal Tax Crimes (http://federaltaxcrimes.blogspot.com/): Christensen was a ping-pong of appeals and denials in the US against Christensen. He had been convicted of nine tax counts but acquitted of five tax breaks.
Around the corners
- Don’t mess with taxes (http://dontmesswithtaxes.typepad.com/): what should I tell them why they should file early? COVID is popping up one way or another for most reasons.
- Taxable Talk (http://www.taxabletalk.com/): Big AUR chaos comes from legions of fake unemployment insurance claims.
- Taxbuzz (https://www.taxbuzz.com/blog): All those warnings we’ve all been reading for months about the impending collision between due taxes and unemployment benefits that people have had to live on in full for a long, long time? That collision is suddenly much closer. What can I tell them?
- H&R Block (https://www.hrblock.com/tax-center/): One of the six most common tax problems for gig workers is the unexpected transformation into a small business owner.
- Rubin on Tax (http://rubinontax.floridatax.com/): Is there any tax legislation against deferral in sight? What is tax legislation against deferral?
- Taxjar (http://blog.taxjar.com/): Due dates for sales tax in February.
- Procedural Taxation (https://procedurallytaxing.com): The American Bar Association’s Tax Department meets (virtually) on topics such as administrative practice, individual and family taxation, legal process and practice, tax collection, bankruptcy and workouts committee, and teaching tax committees . Click the blog for the full program.
- Sikich (https://www.sikich.com/insights/): A look at the most recent final IRS regulations that include guidelines on federal excise tax on executive compensation in excess of $ 1 million from an applicable tax-exempt organization according to Sec. 4960. In the final regulations, minor adjustments were made to the proposed regulations, most of the proposed changes being retained. Also what we have learned from the proposed and final regulations.
Superior structures
- Eide Bailly (https://www.eidebailly.com/taxblog): In recent years, customers have wondered if the partnership form is still the company’s preferred choice for tax purposes even after the C is reduced to The Corporate Rate The end of 2017 encouraged some to turn away from the partnership form. Is it still the superior structure for most companies?
- In summary (http://blog.freedmaxick.com/summing-it-up): A look at the recent relief for certain Opportunity Zone conditions starting with the investment and improvement deadlines.
- Tax Girl (http://blogs.forbes.com/kellyphillipserb): What to say about the latest Earned Income Tax Credit.
- Recent Federal Tax Developments (https://www.currentfederaltaxdevelopments.com): A look at the recent IRS finding that the special Q4 941 application process for Loyalty Funds apparently only applies to borrowers whose PPP request is for forgiveness was denied.
- National Association of Tax Professionals (https://blog.natptax.com/): This week’s “You Make the Call” introduces Martin and Laura, a couple who wanted to sell their house in 2018. You met all the requirements to be able to claim the full exclusion for a profit from the sale of the home. But Martin died on March 16, 2018 before they could sell the house. Laura never married again, continued to live in the apartment and decided to finally sell it. She sold the house on January 14, 2020 and moved into her son’s house. Laura continued to meet all ownership and usage requirements through the sale date. What is the maximum sec. 121 Win the exclusion that Laura was entitled to when she sold her home in January 2020?