In the blogs: Murky depths


Rettig speaks; FASB on Cryptography; publish; and other highlights from our favorite tax bloggers.

troubled depths

  • Procedural taxation ( Guest blogger and tax attorney Karen Lapekas examines why Commissioner Rettig called on practitioners in the wake of media coverage of new Internal Revenue Service funding.
  • Federal tax crimes ( A look at the amicus memoir for Bittnera case on the Supreme Court docket this fall that could be huge for American expats.
  • taxbuzz ( Guess what happens when a senator’s kids write off the price of a private plane.
  • Wolters Kluwer ( Tentative rulings from the recent FASB meeting covered crypto assets; credit cards, HELOCs and other revolving arrangements with active borrowing privileges; accounts receivable; and assets not carried at fair value.
  • Gordon’s Law ( God knows, mergers and acquisitions can be complicated – but the water gets much murkier when taxes are involved. How tax considerations depend on how a transaction is structured.
  • Henri+Horne ( The window tax ranges from 1696 to, if you think about it, modern energy credits.
  • Palm Beach Accounting and Financial Services ( Five lessons from big lottery winners.
  • Mutilated again ( Funny how often an injunction against a misbehaving tax preparer is about as effective as regular bullets against a vampire.

good questions

  • In summary ( Cyberattacks are a big deal in M&A and corporate valuation. This insight into its seriousness also includes what you should be asking yourself about your own transaction before a potential acquirer gets involved.
  • HBK ( An upcoming webinar will look at cybersecurity insurance, including how to prepare your practice for new coverage or policy renewal.
  • Avalara ( Good questions when getting started with client advisory services include what kind of clients work best.
  • Solutions for CPA firm leaders ( Many young CPAs have decided to start their own business and set up a firm. Many have done it successfully. Others, not so much. Find the right infrastructure from the start.
  • National Association of Tax Professionals ( This week’s “You Make the Call” looks at 64-year-old Sherri, who is nearing retirement age but wants to keep working. Her employer sponsors a high-deductible health plan with an HSA. Although eligible for Social Security and Medicare at age 65, she has heard that HSA contributions may be prohibited or limited if she enrolls in Medicare or retires. If Sherri continues to work after she turns 65, can she still participate in employer-sponsored health insurance and an HSA?

These are the breaks

  • tax jar ( November sales tax due dates.
  • sikich ( Rising interest rates are producing a bumper crop of pessimism in the agricultural sector.
  • Don’t Mess With Taxes ( Remind them that the IRS is still trying to distribute tax benefits to 9 million families who have not yet claimed them, breaks in the form of COVID-19 Economic Impact Payments available as RRC, CTC and EITC.
  • AICPA Insights ( Sometimes public work doesn’t show up high enough on the CPA radar, but these insights from government officials detail why a career in government should be considered.

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