Aggregate social media; federal tax perspective; the cannabis trade; and other highlights from our favorite tax bloggers.
Chapter and Metaverse
- Tax conversation (http://www.taxabletalk.com/): A real cyberattack, from the canals.
- National Taxpayer Advocate (https://www.taxpayeradvocate.irs.gov/taxnews-information/blogs-nta/): Now is the time for the IRS to expand online offerings and convenience for taxpayers. Maybe the steps of testimony that have already been done can be a gateway?
- Avalara (https://www.avalara.com/blog/en/north-america.html): Within four years, nearly one-third of global organizations will sell products in the virtual world. What are the tax consequences?
- CPA Development Trends (https://www.cpagrowthtrends.com/): What businesses should look for in social media management software.
- Solutions for CPA company leaders (http://ritakeller.com/blog/): Two new tech entries include whether companies think they will eventually go completely online.
- Taxation https://www.taxpolicycenter.org/): While President Biden and congressional Democrats are once again pushing to reach a compromise on social spending, climate change and the tax bill, an important question is what will they do with the child’s tax credit. The Tax Policy Center analyzed five options that show how lawmakers could partially restore the 2021 expanded version of the credit.
- Parametric (https://www.parametricportfolio.com/blog): Another look at the “long road ahead” for Biden’s tax proposals – especially what could be another important midterm election year.
- AICPA Insights (https://www.aicpa.org/blog): As this niche explodes, a selection of the best canna-specific business practices and an overall look at critical legislation.
- tax jar (https://www.taxjar.com/resources/blog): Which states still impose a tax on the sale of COVID test kits (and why)?
- sikich (https://www.sikich.com/insights/): A practical guide to help customers benefit consistently from employee credit retention.
- TaxMama (http://taxmama.com): Some of the most difficult time compliance issues include home offices, Series I bonds and restrictions.
- Institute of Taxation and Economic Policy (https://itep.org/category/blog/): The integration of new state tax actions includes a major Connecticut budget agreement to temporarily increase the state’s revenue tax credit and create a new one year CTC, and the Arizona Supreme Court’s rejection of a veto ballot referendum that could have allowed voters to determine the fate of a new income tax.
- tax foundation (https://taxfoundation.org/blog): Yes, the saga of Proposition 208, Arizona’s income surtax, seems to have finally reached its conclusion. The remaining uncertainty is when the state will move to a flat personal income tax.
- Current Federal Tax Developments (https://www.currentfederaltaxdevelopments.com/): Sa Valentine v. Commissioner, the Tax Court agreed with the IRS that a disabled veteran may only be excluded from the income designated disability compensation he or she receives from the Veterans Administration, while the payments he or she receives are set aside as part of his or her expenses. military retirement fees taxed.
- Don’t Bother Taxes (http://dontmesswithtaxes.typepad.com/): If U.S. residents move internationally for work, they will still have to file and pay taxes on their income abroad. But Uncle Sam gives tax breaks to Americans living and working abroad. Here is an overview.
manna from heaven
- Boyum and Barenscheer (https://www.myboyum.com/blog/): Something to remind them about donations and deductibility.
- Gordon’s Law (https://gordonlawltd.com/blog/): Something to remind them of their various options for removing taxes.
- taxbuzz (https://www.taxbuzz.com/blog): How comforting they are when faced with a tax lien notice from the IRS.
- tax fighters (https://www.taxwarriors.com/blog): A look at recent letters from the IRS asking for a little more information about the actions of investors in the Qualified Opportunity Zone.
- John R. Dundon II EA (http://www.johnrdundon.com/): An overview of the new regulations proposed by the IRS to curb the methods used to increase the increased base removal amount for land and gift taxes if they fall below the level after the end of 2025.
- tax period (https://www.thetaxtimes.com): A prosecutor has asked a federal judge to order Paul Manafort, the head of Donald Trump’s 2016 presidential campaign, to pay nearly $ 3 million to the U.S. government for failing to disclose the secret income of foreign more than two dozen shell bodies and foreign accounts. (Personally, we hope this case gives us an opportunity to change our favorite title of the past decade: “Manifortitude.”)
- Wolters Kluwer (https://www.wolterskluwer.com/en/solutions/tax-accounting-us/industry-news): What to remind them about crowdfunding and taxes, with the most honest subtitle of the week: “Form 1099-K can be confusing”.