SALT and the bill; digital taxes worldwide; retaining clients; and other highlights from our favorite tax bloggers.
Beautiful noise
Eliminating complexity
- TaxProf Blog (
http://taxprof.typepad.com/taxprof_blog/ ): Large multinationals are finding gold in the global digital economy. Tax jurisdictions have lost billions in tax revenue due to outdated laws that generally assume a brick-and-mortar economy and residence-based taxation. Governments have tried to update tax laws to meet the realities of the digital era but with only partial success. - Berkowitz Pollack Brant (
https://www.bpbcpa.com/articles-press-releases/ ): The IRS has announced withdrawal of final regs — issued just three months prior — that would have imposed new reporting requirements on partnerships engaged in certain related-party, basis-shifting transactions. How the IRS aims to eliminate “complex” and “costly” compliance burdens on partnerships. - Taxnotes (
https://www.taxnotes.com/procedurally-taxing ): After Boechler PC v. Commissioner, the blogger contends, “we are finally getting some equitable tolling rulings out of the Tax Court.” One of the first: Aiello v. Commissioner, the opinion of which held that a collection due process petition erroneously mailed to the IRS Office of Appeals on the last day of the 30-day period to file could not be made timely in the Tax Court. - Don’t Mess with Taxes (
http://dontmesswithtaxes.typepad.com/ ): Was this the last Energy Star sales tax holiday for appliances in Texas (and a few other states)?
Time to plan
