In blogs: Smart advice


infrastructure fantasies; problems with the US-Malta treaty; the future of contactless readiness; and other highlights from our favorite tax bloggers.

Fair warning

  • Taxable discussion ( This “35,300,000” post examines the recent semi-annual report from the National Taxpayer Advocate to Congress, which presents “the true state of filing income tax returns to the IRS. Just warning, this is not a pretty picture.
  • Vox Taxation ( No Plan’s Perfect Dept .: President Biden and a bipartisan group of senators have agreed on the framework of a plan to increase infrastructure spending by around $ 579 billion dollars. In addition to the spending already planned for roads, bridges, public transit, water and broadband, this would amount to $ 1 trillion. And they agreed to pay for it in large part with… pixie dust.
  • Tax time ( IRS Hires Thousands Of New Auditors As It Prepares For Potentially Massive Enforcement Push If Congress Approves $ 40 Billion To Expand Audits On The Rich .
  • Rubin on tax ( What to dream of: The Maltese pension scheme is a planning device that allows American taxpayers to use the tax treaty between the United States and Malta to obtain a deferral of tax and tax avoidance benefits a Roth IRA but without many limitations. Except the IRS has added the arrangement to its list of Dirty Dozen 2021 scams, at least when it comes to transfers of valued assets to the plan.
  • Tax foundation ( After weeks of deliberation, Arizona Gov. Doug Ducey enacted a fiscal 2022 budget that cuts state personal income tax rates and consolidates the tranches, a plan that will help restore Arizona’s reputation as a low-tax alternative to California. What the final invoice looked like.
  • EA John R. Dundon II ( Take Your Lumps Dept. : Is coal dead in Colorado? This is one of many issues arising from recent combined legislation that expanded tax credits for working families and small businesses, but hurt the coal industry.
  • Christians Allison ( The OECD says 130 countries have in principle agreed to build a world in which a number of large multinationals are subject to a minimum rate of income tax on a revenue base that will be roughly harmonized in some way. “As always, the devil will be in the details, and there will be a lot of devils.” Some quick illustrations of the key elements of consensus, “just to keep all the big pieces straight.”
  • National Taxpayer Advocate ( Part III of “Filing Season Bumps in the Road”.
  • Still roughed up ( Is it enough simply to warn taxpayers to be on the lookout for suspicious behavior and questionable marketing techniques by preparers? Of course not, as a recent case from Illinois demonstrates.

Smart tips

  • Tax matters ( A recent survey of over 3,800 tax professionals nationwide asked how they chose to offer contactless preparation – and if they would continue to do so after the pandemic.
  • Sikich ( While SEO and PPC can work well together, they are two very different digital marketing strategies. What is the difference? Look at each strategy separately and what could be best for your practice.
  • Canopy ( A recent webinar examines how to grow a business with accounting and client advisory services.
  • National Association of Tax Professionals ( This week, “You Make the Call” takes a look at an American company that hires employees from the Dominican Republic who wish to be paid in US dollars. Payments are made directly to those employees who perform Dominican Republic services for the US company. Is there a federal income tax withholding requirement for wages paid?
  • Procedural taxation ( First-time guest blogger Jennifer Burdick, an attorney for Community Legal Services in Philadelphia, who focuses on Social Security benefits, explains the notice and appeal rights that come with generally apply to public benefit programs and why they are crucial for clients to access benefits.
  • Professional Tax Center ( As the next generation of finance and tax professionals rise through the ranks and begin to create and manage their own practices and firms, why expect big changes – especially in the balance between compliance and advisory services offered.
  • School of Income Tax (http: //www.the Why diversify your business? The main reason: lower risk.
  • Wolters Kluwer ( The construction industry has been one of the hardest hit during COVID shutdowns. To help keep their doors open and retain many of their employees, general and independent contractors have taken out loans under the Paycheck Protection Program, but canceling loans seems difficult for construction companies. . This problem may become easier.
  • Turbotaxe ( Why might your affected customers want to opt out of the Child Tax Credit.

Sense of wonder

  • Bloomberg Tax ( Proving longtime Trump Organization CFO Allen Weisselberg intentionally evaded taxes on nearly $ 1.8 million in benefits unofficial will be essential for New York prosecutors to lay stick criminal charges, legal experts say.
  • Federal tax crimes ( Some preliminary comments on the indictment include phrases such as “fairly common pattern” and “one has to wonder”.
  • TaxPro Blog ( Ohio federal judge blocked the Biden administration from preventing Ohio from using money it got from a federal bill relief efforts to pay for tax cuts. The guilty? “Clarity.”
  • Avalara ( No more compromises: Missouri becomes the last state with a sales tax to adopt an economic link.

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