Skip to main content

June 2018 Tax Channel

Top Tax Social Media:

New Scam Targets International Taxpayers. Taxing Subjects Blog.

Digital Marketing & Your Tax Practice. Canopy Tax Blog.

Debunking 4 Myths About Voluntary Disclosure Agreements. Avalara Blog.

Lesson From the Tax Court: A Tax Truism. Bryan Camp, via TaxProf Blog.

The Complicated Taxation of Retirement Accounts. Tax Foundation.


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.

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.

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.

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.

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


See inside June 2018

2018 Review of Travel & Expense Management Systems

Employee travel and expense is ripe for abuse; accidental or intentional. Even when a business sets travel and expense policy, once an employee is on the road, it can be very easy to randomly make purchases without considering that same policy.


The Ideal Hire? Sometimes it’s Not an Accountant

As I’ve written about previously, many firms are expanding into technology consulting, either by buying an existing technology consulting firm or building it from scratch. So it’s no surprise that one of the major skillsets for non-accountant hires is ...