June 2018 Tax Channel
Jun. 18, 2018
Top Tax Social Media:
New Scam Targets International Taxpayers. Taxing Subjects Blog.
https://bit.ly/2xoTz3G
Digital Marketing & Your Tax Practice. Canopy Tax Blog.
https://bit.ly/2AkjzxA
Debunking 4 Myths About Voluntary Disclosure Agreements. Avalara Blog.
https://bit.ly/2sovioD
Lesson From the Tax Court: A Tax Truism. Bryan Camp, via TaxProf Blog.
https://bit.ly/2H3EZxV
The Complicated Taxation of Retirement Accounts. Tax Foundation.
https://bit.ly/2sqbEIO
Top Tax News:
6 Groups of Taxpayers Most Affected by Tax Reform. Taxpayers who heavily invest in fixed-assets have almost full write-off of depreciable assets they are purchasing. Before reform, these taxpayers had to depreciate the cost over five or 10 years.
www.cpapracticeadvisor.com/12413224
Taxpayers and Businesses Get More Time to Challenge IRS Levies. The tax reform law extended the time limit for filing an administrative claim and for bringing a suit for wrongful levy from nine months to two years.
www.cpapracticeadvisor.com/12414303
Supreme Court Clears Way for Legal Sports Gambling. This ruling is expected to bring a windfall in tax revenue to the states that set up legitimate gambling operations for their residents. Fantasy sports providers such as FanDuel and Draft Kings are also in line to reap rewards.
www.cpapracticeadvisor.com/12412760
The IRS Has a 5-Year Plan to Help Taxpayers. The strategic plan, developed with input from external partners as well as IRS employees, focuses on six goals that will help improve customer service.
www.cpapracticeadvisor.com/12414344
The 3 Most Important Things to Know About Tax Reform. It’s common knowledge that the TCJA has nearly doubled the standard deduction, however, the offset to this is that the personal exemptions enjoyed by taxpayers have now been set to zero
www.cpapracticeadvisor.com/12413892