[ad_1]
What to do subsequent month; White Home returns; taxing AI; and different highlights from our favourite tax bloggers.
Again to the grind
Identify video games
- Tax Basis (
https://taxfoundation.org/weblog ): What USC star quarterback Caleb Williams faces for state revenue taxes relying on which NFL membership drafts him. - Do not Mess with Taxes (
http://dontmesswithtaxes.typepad.com/ ): The 2023 tax yr returns of the Bidens and Harris/Emhoff are out. Highlights of the Bidens’ 29 pages and the 40-page submitting by Harris and Emhoff. - Institute on Taxation and Financial Coverage (
https://itep.org/class/weblog/ ): How Intuit could be utilizing feminism to distract from its personal troubles. (“There are confirmed methods to create a tax code that works for ladies and Intuit just isn’t the one we must always belief to explain them.”) - Virginia – U.S. Tax Discuss (
https://us-tax.org/about-this-us-tax-blog/ ): Raju J. Mukhi v. Commissioner of Inner Income has introduced into focus the precept of stare decisis and its implications for tax regulation: The Tax Court docket rejected the IRS evaluation of penalties underneath Sec. 6038(b), for failure to file Type 5471. - Marcum (
https://www.marcumllp.com/insights ): The employees of the Securities and Trade Fee’s Division of Funding Administration has issued a brand new directive regarding the reporting of overseas forex holdings by ETFs. (Seems some ETFs describe their holdings of overseas forex positions merely as “money” of their day by day portfolio holdings disclosure on their web sites.) - Cover (
https://www.canopytax.com/weblog ): High CRM programs for accounting companies this yr.
Questions, class?
- Avalara (
https://www.avalara.com/weblog/en/north-america.html ): Hawaii has among the highest median dwelling costs and rents within the nation and a persistent housing disaster. May tax incentives geared towards turning the state’s short-term leases into long-term housing improve housing inventory and reduce rents for Hawaiians? - Nationwide Affiliation of Tax Professionals (
https://weblog.natptax.com/ ): This week’s “You Make the Name” seems to be at Lina, who filed a 990 by Could 15, 2024, the due date for Alley Cats Rescue, a tax-exempt group submitting on a calendar yr foundation. Shortly after, the 990 was returned to her together with IRS Letter 2694C indicating there was info lacking from her submission. She instantly referred to as the IRS and came upon that when info is lacking from the shape or schedules omitted, the return is shipped again to the submitting group and thought of “not well timed filed.” When she reviewed her submission, she observed that she didn’t embody Schedule O (Type 990), “Supplemental Data to Type 990 or 990-EZ.” Was Lina required to file Schedule O with the 990? - Tax Vox (
https://www.taxpolicycenter.org/taxvox ): Is the world “zero-sum,” the place sources are restricted and one’s acquire is one other’s loss? Or are sources plentiful and all of us can profit from each other’s success? The reply says rather a lot about the way you see taxes (in addition to different coverage decisions). However new analysis suggests that the way in which folks take into consideration these questions and their hyperlinks to coverage preferences are extra difficult than they might first appear. - TaxProf Weblog (
http://taxprof.typepad.com/taxprof_blog/ ): Can AI be taxed separate from its controllers?
[ad_2]
