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.

Lots to look at

  • Procedurally Taxing ( 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 ( 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 ( Part two of a series of tips when trying to understand IRS transcripts, starting with “Cycle Dates” and “Transaction Dates.”
  • The Wandering Tax Pro ( 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 ( 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 ( President Biden’s plan to raise taxes on the ultra-rich died in Congress, but the idea lives on in states. 
  • Mauled Again ( The tax troubles just keep on comin’ for one former state senator, even after more than a decade.
  • 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 ( 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 ( 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 ( A new Congressional Budget Office report reveals that lower- and middle-income households are disproportionately shouldering the burden of the inflation wave.

Practically speaking

Products You May Like

Articles You May Like

Deere Hops to All-Time Highs
Trump had losses of $900M in two years, jury told
For retirement-system changes proposed in Congress via ‘Secure 2.0,’ December is do-or-die time
Black Friday car deals are hard to come by even as prices ease. Here’s what to expect
What CPAs need to know about the new SEC marketing rule

Leave a Reply

Your email address will not be published. Required fields are marked *