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 (https://procedurallytaxing.com): 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 (https://www.currentfederaltaxdevelopments.com/): 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 (https://www.taxpayeradvocate.irs.gov/taxnews-information/blogs-nta/): Part two of a series of tips when trying to understand IRS transcripts, starting with “Cycle Dates” and “Transaction Dates.”
- The Wandering Tax Pro (http://wanderingtaxpro.blogspot.com/): 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 (http://blog.freedmaxick.com/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 (https://www.taxpolicycenter.org/): President Biden’s plan to raise taxes on the ultra-rich died in Congress, but the idea lives on in states.
- Mauled Again (http://mauledagain.blogspot.com/): The tax troubles just keep on comin’ for one former state senator, even after more than a decade.
- TaxProf Blog (http://taxprof.typepad.com/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 (http://federaltaxcrimes.blogspot.com/): 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 (https://itep.org/category/blog/): 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 (https://taxfoundation.org/blog): A new Congressional Budget Office report reveals that lower- and middle-income households are disproportionately shouldering the burden of the inflation wave.
Practically speaking
