When notices arrive late deferred FICA minefield two a long time a-wandering and other highlights from our preferred tax bloggers.
The lore, the merrier
- Procedurally Taxing (https://procedurallytaxing.com): In US v Vaught, a federal district court declined to implement a third-social gathering summons because of to the IRS failure to notify a taxpayer of its intent in the course of the audit.
- Taxable Chat (http://www.taxabletalk.com/): A few standard tax notices arrived for the same consumer. What was abnormal is that these notices had been not postmarked the similar: These ended up sent (most possible) at intervals of 6 weeks to a few days back. How can clients well timed answer to notices when the Write-up Office does not well timed supply mail?
- Federal Tax Crimes (http://federaltaxcrimes.blogspot.com/): A seem at a new private newsletter devoted to DOJ Tax Division history, tradition and “lore,” identified as “The Malone Report.”
- Taxbuzz (https://www.taxbuzz.com/blog site): In situation they are planning either, what to remind them about the distinction involving tax avoidance and tax evasion.
- Methods for CPA Agency Leaders (http://ritakeller.com/blog site/): A Home windows devotee’s Apple Retailer encounter may well instruct your agency a little something about client provider.
- Eide Bailly (https://www.eidebailly.com/taxblog): All the information on the agenda of Congress.
- Gordon Regulation (https://gordonlawltd.com/weblog/): What to tell your startup consumers about LLCs versus C corps when it will come to taxes.
- Present-day Federal Tax Developments (https://www.currentfederaltaxdevelopments.com/): The IRS has tackled a problem that taxpayers who deferred employer FICA underneath the CARES Act may perhaps run into quickly — with a consequence “far much more negative” than could possibly match an seemingly slight mistake.
- Tax Vox (https://www.taxpolicycenter.org/): After leading in the generation of vaccines, why has not the U.S. produced a Marshall-like plan to assist vaccinate the globe?
- Tax Warriors (https://www.taxwarriors.com/): Amongst President Biden’s proposals is an boost in the lengthy-expression funds achieve tax rate. For those seeking to offer a family members small business, why planning for the likely better price is crucial.
- Do not Mess with Taxes (http://dontmesswithtaxes.typepad.com/): An entry continue to, regretably, contemporary as the working day it was minted: sources for disaster-preparedness.
- Tax Pro Middle (https://proconnect.intuit.com/taxprocenter/): After a normal catastrophe, obtain to own monetary, insurance coverage, health care and other information can support begin the recovery. What purchasers can do to safeguard money safety.
- Summing It Up (http://web site.freedmaxick.com/summing-it-up): Six recommendations to aid little-enterprise clientele get better from the pandemic.
- The Tax Occasions (https://www.thetaxtimes.com): The Treasury Inspector Normal for Tax Administration not too long ago claimed that attempts to handle the compliance hazard of underreporting of S corp officers’ payment are expanding, but far more is desired.
- HBK (https://hbkcpa.com/insights/): What big non-earnings need to have to think about regarding their audit committees.
- Boyum & Barenscheer (https://myboyum.com/blog site/): And does your non-revenue shopper have an interior controls hole?
- Countrywide Affiliation of Tax Industry experts (https://web site.natptax.com/): This week’s “You Make the Call” seems to be at Fred and Jan, who are married and live in a group house state and plan to file individual returns. Jan earns $30,000 in wages from her employer. Fred is self-used, earning $50,000 in internet earnings from his Program C enterprise. How a great deal cash flow will every single partner report on their separate returns? Will just about every be matter to self-employment tax on their share of the Agenda C cash flow?
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