OBBBA and playing; a billing lesson from bookkeeping; BOI 2.0; and different highlights from our favourite tax bloggers.
Ob-La-Di OBBBAe
Challenges new and previous
Why to like enforcement
- Nationwide Taxpayer Advocate (
https://www.taxpayeradvocate.irs.gov/taxnews-information/blogs-nta/ ): How the Taxpayer Help and Service Act contains the Taxpayer Advocate’s advice to make clear TAS’s potential to entry sure forms of IRS info, and what which means for TAS’s independence. - Tax Vox (
https://www.taxpolicycenter.org/taxvox ): Appears counter-intuitive, we admit, however reducing IRS enforcement is definitely a disservice to taxpayers and opens the floodgates to unintentional errors. - Virginia – U.S. Tax Discuss: (
https://us-tax.org/about-this-us-tax-blog/ ): In Soroban Capital Companions LP v. Commissioner, a Tax Court docket determination upended assumptions concerning the self-employment tax exemption for restricted companions in hedge funds, and by analogy to enterprise capital and personal fairness partnerships each within the U.S. and overseas. - Do not Mess with Taxes (
http://dontmesswithtaxes.typepad.com/ ): Victims of main pure disasters typically are eligible for a wide range of federal submitting reduction, which the IRS ultimately greenlights. Ainvoice that might pace up that course of awaits President Trump’s signature.
Lease free
