NFT guide; levels of the IRA; new blog in town; and other highlights from our favorite tax bloggers.
Glistening once again
- Current Federal Tax Developments (https://www.currentfederaltaxdevelopments.com/): The IRS reminds taxpayers (thoughtful) that the second payment of deferred employer Social Security and self-employment taxes is due no later than Dec. 31 — including amounts deferred due to past pandemic relief.
- University of Illinois Tax School (https://taxschool.illinois.edu/blog/): 709 Swans-a-Swimming: What to remind them this time of year about basic gift rules.
- Boyum & Barenscheer (https://www.myboyum.com/blog/): Can you help clients get a last-minute QBI deduction?
- TaxProf Blog (http://taxprof.typepad.com/taxprof_blog/): A chronological listing of all “Lessons From The Tax Court” in 2022, with links to the lesson, the primary case discussed and its author, as well as listings of the Tax Code sections mentioned or discussed.
- Mauled Again (http://mauledagain.blogspot.com/) When a social media influencer finagles a free hotel stay in exchange for favorable reviews (an ethical marsh right there) and then delivers fewer reviews than promised, what are the tax implications?
- Gordon Law (https://gordonlawltd.com/blog/): Fav opening of the week, about NFTs: “Some only see a digital picture of an ape in human clothing…” A guide to tax implications of this real new player on the virtual scene.
- Taxbuzz (https://www.taxbuzz.com/blog): Mazars Group has suspended all work for cryptocurrency clients, including such players as Binance and Crypto.com.
- Procedurally Taxing (https://procedurallytaxing.com): “Not dead yet” is what the latest IRS filing in Green Valley v Commissioner indicates, as the agency is not throwing in the towel on defending the validity of its listing notices despite its loss in the case.
- Global Taxes (https://www.globaltaxes.com/blog.php): As the U.S. tax-collection gap continues to grow, a freshly funded IRS joins politicos in blaming, in no small part, offshore assets and international tax cheats.
- Taxjar (http://blog.taxjar.com/): Services are a grey area of sales tax — and like in most grey areas, sales taxes are increasing. What’s up with services in Connecticut?
- Wolters Kluwer (https://www.wolterskluwer.com/en/solutions/tax-accounting-us/industry-news): When 15 equals 18: Don’t forget to remind them that next Tax Day is pushed a few extra days by a weekend and by Emancipation Day.
A matter of levels
- TaxMama (http://taxmama.com): From the days when the second Bush was in the White House and “Finding Nemo” was in the theaters, a post proving that bankruptcy is timeless.
- HBK (https://hbkcpa.com/insights/): How construction clients can shore up the value of their companies before they sell.
- John R. Dundon II EA (http://www.johnrdundon.com/): At a high level, the Inflation Reduction Act provides opportunities for investment in clean energy via the reduction of carbon emissions by, among other things, expanding tax benefits for renewable energy. What about at a lower level?
- Federal Tax Crimes (http://federaltaxcrimes.blogspot.com/): A look at a recent excellent article on open pleas versus negotiated plea agreements.
And coming soon
New to us
- Marcum (https://www.marcumllp.com/insights): This national powerhouse offers Insights by service, industry and many other categories, comprising tax know-how and biz advice (e.g., “The Road Ahead: Dental Practice Strategies for 2023” and “Does Executive Transition Have to Be a Drama or Disaster?”). Good, varied reading. Welcome!