AT Think

In the blogs: The jig is up

Next phases for the IRS; trust and bullies; tariffs' effects; and other highlights from our favorite tax bloggers.

The jig is up

  • National Association of Tax Professionals (https://blog.natptax.com/): A look at Phase "Cutting-Edge Technology" Four of the IRS strategic plan. One of the first steps will be a (no doubt badly needed) 1099 portal and, further out, a "holistic" look at each taxpayer.
  • University of Illinois Tax School (https://taxschool.illinois.edu/blog/): What to tell them about IRS Direct File, its pilot program and what they intend to do about customer service. See "badly needed" above.
  • The Tax Times (https://www.thetaxtimes.com) The stuff that tax cheats' dreams are not made of: The IRS turns up the heat on Malta Pension Plans.
  • Virginia – US Tax Talk (https://us-tax.org/about-this-us-tax-blog/): In other words, and in one of our fav headlines of the week: "The Jig Is Really Up."

Just trust us

Investing in people

  • Current Federal Tax Developments (https://www.currentfederaltaxdevelopments.com/): The tax treatment of legal settlements can be confusing for those who receive them, especially employment-related claims. One such issue was the subject of Montes v. Commissioner, which examined whether payments from an employment suit could be excluded from income.
  • Marcum (https://www.marcumllp.com/insights): A look at changing provisions of New York's Metropolitan Commuter Transportation Mobility Tax, which is directed at select employers and self-employed professionals operating within the metropolitan commuter transportation district. One big change, though hardly restricted to this tax: a surge in the rate.
  • Tax Foundation (https://taxfoundation.org/blog): The Trump administration imposed several rounds of tariffs, amounting to an $80 billion tax increase on $380 billion worth of imports; the Biden administration has largely retained most of them. What has been the effect on the U.S. economy?
  • Institute on Taxation and Economic Policy (https://itep.org/category/blog/): Nearly a third of states took steps to change their tax systems this year by "investing in people" through refundable tax credits — and, in a few notable cases by raising revenue, from those most able to pay. But another third of states lost ground.
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