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Top tax cases practitioners should know

TweetShareSharePin0 Shares Pinning down whether an activity is a trade or business for tax purposes, whether a tax penalty should be waived for reasonable cause, or the eternal question of when income is recognized for tax purposes — these issues arise often, and CPAs can benefit from being familiar with the judicial doctrines governing them.

Pro Publica Tax Dump

TweetShareSharePin0 Shares 0 Flares Filament.io Made with Flare More Info“> 0 Flares × Our post today features an Op Ed that Les wrote reacting to the Pro Publica release of information.  Because Les is on vacation, I have the opportunity to introduce his post which he asked

What Are CNC Programming Services Do?

TweetShareSharePin0 SharesWhat Are CNC Programming Services Do? CNC stands for Computer numerical control. Just about every business that operates a manufacturing machine will usually have a cnc programming service operating it. The basic function of a cnc programming service has a cnc machine running it. The cnc machine is an automatic, precise, and consistent motion

When to Use a Certified Public Accountant

TweetShareSharePin0 SharesWhen to Use a Certified Public Accountant A Certified Public Accountant, or CPA, can help you make sure that your small business accounting or individual taxes are accurate and complete. Some businesses are small enough, such as home based businesses, that a Certified Public Accountant is not needed for most accounting tasks. However, there

Get a Jump Start on Your Taxes

TweetShareSharePin0 SharesGet a Jump Start on Your Taxes Preparing and filing your taxes is a less than exciting task. Much like visiting the dentist it something that must simply be done. There are ways to make it a little less painful. Get a Jump Start on Your Taxes As with many things, procrastinating on the

IRS posts ARPA credit FAQs

TweetShareSharePin0 Shares The IRS posted two sets of FAQs to its website on Friday, explaining changes to various credits made by the American Rescue Plan Act (ARPA), P.L. 117-2. New Child and Dependent Care Tax Credit FAQs discuss changes made by ARPA that increased the maximum amount of work-related expenses for qualifying care that may

Bouncing Documents at the Tax Court

TweetShareSharePin0 Shares I wrote about documents bouncing back from the Tax Court last month in connection with the Tax Court policing the timely filing of petitions.  The post caused commenter in chief Bob Kamman to pay careful attention to the orders coming out of the Tax Court and he noticed a particularly bad day for

Regs. on postponing tax deadlines due to federally declared disasters

TweetShareSharePin0 Shares In new final regulations (T.D. 9950), Treasury and the IRS have attempted to resolve ambiguities about when a federally declared disaster will lead to a mandatory 60-day postponement of certain time-sensitive tax-related deadlines. The final regulations adopt, with some changes, proposed regulations issued in January (REG-115057-20). The mandatory postponement provision, Sec. 7508A(d), was

Technology and Taxpayer Rights

TweetShareSharePin0 Shares This post includes information about the IRS’s plans to use AI to assist taxpayers. For more insight on the legal risks tax administrations face from using AI-enabled systems, including risks to taxpayer rights, there is a Zoom lecture hosted by Antwerp and VIA Universities, HMRC, the Prosperity Collaborative, and the Center for Taxpayer
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