Trump’s tax coverage man; states copy the feds; what’s in a reputation; and different highlights from our favourite tax bloggers.
And we’re off
- Present Federal Tax Developments (
https://www.currentfederaltaxdevelopments.com/ ): Out with the excellent news and within the dangerous: Matthew Hutcheson, convicted of wire fraud in 2013 and sentenced to 17 years, had his remaining sentence commuted by President Biden as a part of his end-of-term pardons. Three days into this 12 months, although, the Tax Courtroom tagged Hutcheson for taxes on what he’d embezzled that led to these convictions. - TaxProf Weblog (
http://taxprof.typepad.com/taxprof_blog/ ): A have a look at Ken Kies, named by Trump to be Treasury assistant secretary for tax coverage. - Do not Mess with Taxes (
http://dontmesswithtaxes.typepad.com/ ): Time’s operating out for 2025’s first batch of taxpayers who obtained submitting extensions attributable to disasters in 2024. - Mauled Once more (
http://mauledagain.blogspot.com/ ): A brand new 12 months, an outdated downside and a recent, completely different stage: A have a look at a current IRS warning about tax lies on social media. - TaxConnex (
https://www.taxconnex.com/blog- ): Each new 12 months brings a ton of developments in all styles of tax (with the subsequent couple of years being Folks’s Exhibit A). Gross sales tax, pushed by burgeoning ecommerce, once more has greater than its share of developments on faucet. - U of I Tax Faculty (
https://taxschool.illinois.edu/weblog/ ): A glance again at this weblog’s high entries of 2024 embody such matters as staff versus contractors, 1099-Ks and the ever-popular helpful possession info reporting. - John R. Dundon II EA (
http://johnrdundon.com/weblog/ ): Why the blogger recommends voluntary BOI submitting regardless of the backwards and forwards on the topic in courts.
Nice minds
- Taxbuzz (
https://www.taxbuzz.com/weblog ): “Rob Gronkowski and Elon Musk Agree: It is Time to Simplify the U.S. Tax Code.” - Tax Vox (
https://www.taxpolicycenter.org/taxvox ): States may be labs for tax strikes, however the reverse may also occur: The federal Baby Tax Credit score has impressed Minnesota to launch its personal credit score. - The Buzz About Taxes (
http://thebuzzabouttaxes.com/ ): Within the landmark Bruyea v. United States choice, the U.S. Courtroom of Federal Claims has dominated in favor of a twin Canadian-U.S. citizen, permitting a treaty-based overseas tax credit score to be utilized towards the NIIT. - Institute on Taxation and Financial Coverage (
https://itep.org/class/weblog/ ): How undocumented immigrants do pay a hefty share of taxes. - Gordon Legislation (
https://gordonlawltd.com/weblog/ ): May Puerto Rico develop into the subsequent large crypto tax haven?
Element-oriented