Wednesday, November 30 2022


The High Court reviews taxes; a new perspective on cyberattacks; how to answer the phone; and other highlights from our favorite tax bloggers.

Lots to watch

  • Procedural taxation ( The Supreme Court has a full fall schedule of tax case topics, including fair toll, FBAR penalty calculation, private title action, and limitations on court action regarding court sale orders. unsuspended bankruptcy.
  • Current Federal Tax Developments ( An overview of the recently updated IRS FAQ on pandemic assistance related to buying a home and paying for premium mortgage insurance.
  • National Taxpayer Advocate ( Part two of a series of tips for trying to understand IRS transcripts, starting with “Cycle Dates” and “Transaction Dates”.
  • The wandering tax pro ( America’s income tax story began just 20 years after Plymouth Rock and has seen a slew of levies, repeals, and tweaks since.
  • In summary ( How to help your business customers protect themselves against cyberattacks, including addressing the threat from the hacker’s perspective.

everything is fair

  • Taxation ( President Biden’s plan to raise taxes on the ultra-rich died in Congress, but the idea lives on in the states.
  • Mutilated again ( Tax problems keep coming for a former state senator, even after more than a decade.
  • TaxProf Blog ( Because various deductions are disallowed if they are closely related to criminal activity, tax law treats criminals differently than non-criminals. Should he?
  • Federal tax crimes ( A district court upheld the IRS’ risk assessment of more than $1.4 billion in United States vs. Brockman — which the agency maintains “represents the largest case of peril assessment/sampling in U.S. history.”
  • Institute on Taxation and Economic Policy ( If lawmakers think it is worth extending tax breaks to corporations, then it would be utterly unreasonable for them not to conclude the same about tax provisions that help low-income children.
  • Tax foundation ( A new report from the Congressional Budget Office finds that low- and middle-income households are disproportionately bearing the brunt of the wave of inflation.

Practically speaking

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