In Blogging: Chapter and Metaverse

aggregate social media; federal tax outlook; Cannabis trading and other features from our favorite tax bloggers.

Chapter and Metaverse

  • taxable conversationhttp://www.taxabletalk.com/): a real cyber attack from the trenches.
  • National Taxpayer Advocate (https://www.taxpayeradvocate.irs.gov/taxnews-information/blogs-nta/): Now is the time for the IRS to expand online offerings and provide convenience to taxpayers. Maybe the authentication steps already taken are a gateway?
  • Avalara (https://www.avalara.com/blog/en/north-america.html): Within four years, nearly a third of global organizations will sell products in the virtual world. What will the tax consequences be?
  • CPA Growth Trends (https://www.cpagrowthtrends.com/): What companies should look for in social media management software.
  • Solutions for CPA Corporate Leaders (http://ritakeller.com/blog/): includes two recent tech entries for when companies think they will eventually go fully online.
  • tax collection https://www.taxpolicycenter.org/): As President Biden and congressional Democrats make another push for compromise on social spending, climate change and the tax bill, the main question is whether they will do with the children’s tax credit. The Tax Policy Center analyzed five options that show how lawmakers can partially restore the 2021 extended version of the credit.
  • border (https://www.parametricportfolio.com/blog): Another look at the “Long Way Forward” of Biden’s tax proposals — particularly given what could be another pivotal year for the midterm elections.
  • AICPA Insights (https://www.aicpa.org/blog): With this place exploding, a selection of best practices for the cannabis business and an overview of important legislation.

tough questions

  • tax jar (https://www.taxjar.com/resources/blog): Which countries still tax sales of COVID test kits (and why)?
  • squish (https://www.sikich.com/insights/): A practical guide to help clients always benefit from employee retention credit.
  • TaxMama (http://taxmama.com): Some of the thorniest compliance issues of the season included home office, Series I bonds and withholding withholding.
  • Institute of Taxation and Economic Policy (https://itep.org/category/blog/): The summary of recent state tax actions includes a major budget agreement in Connecticut to temporarily increase the state’s earned income tax credit and create a new one-year CTC, and the Arizona Supreme Court’s refusal to veto the ballot paper. It allowed voters to decide the fate of the new income tax.
  • tax basis (https://taxfoundation.org/blog): Yes, it looks like the saga of Proposition 208, Arizona’s Supplementary Income Tax, has finally come to an end. The only remaining uncertainty is when the state will transition to a flat personal income tax.
  • Current Federal Tax Developments (https://www.currentfederaltaxdevelopments.com/): at Valentine v. authorized, The tax court agreed with the IRS that a disabled veteran could only exclude disability payments for income that she received from the Veterans Administration, while payments she received separately as part of military retirement payments were taxable.
  • Don’t mess with taxes (http://dontmesswithtaxes.typepad.com/): When US residents move internationally for work, they still need to file and pay taxes on their income abroad. But Uncle Sam does grant tax breaks to Americans who live and work abroad. Here is an overview.

manna from heaven

  • Boyum and Barinshire (https://www.myboyum.com/blog/): something to remind them of donations and deduction.
  • Gordon’s Law (https://gordonlawltd.com/blog/): something to remind them of their different options for getting rid of taxes.
  • taxbuzz (https://www.taxbuzz.com/blog): How to calm them down when faced with a notice of a tax lien from the IRS.
  • Tax Warriors (https://www.taxwarriors.com/blog): A look at recent letters from the IRS just asking for more information about investor actions in the eligible opportunity area.
  • John R. Dundon II EA (http://www.johnrdundon.com/): An overview of new regulations proposed by the IRS to prevent methods that could be used to extend the increased base exclusion amount for estate and gift taxes if it falls to a lower level after the end of 2025.
  • tax time (https://www.thetaxtimes.com): The attorney general has asked a federal judge to order Paul Manafort, Donald Trump’s 2016 presidential campaign manager, to pay nearly $3 million to the U.S. government for failing to disclose foreign income hidden in more than two dozen fake bodies and foreign accounts. (Personally, we can hope that this case will give us the opportunity to repeat our favorite title of the past decade: “Manifortitude.”)
  • Walters Kluwer (https://www.wolterskluwer.com/en/solutions/tax-accounting-us/industry-news): What to remind them about crowdfunding and taxes, with the week’s most honest subheading: “Form 1099-K can be confusing.”

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