Within the blogs: Finish-of-year questions

Revenue equality; disclosing crypto; conferences are a waste of time; and different highlights from our favourite tax bloggers.

Finish-of-year questions

  • Virginia – U.S. Tax Discuss (https://us-tax.org/about-this-us-tax-blog/): Although the IRS e-filing plan for Mr. and Mrs. Fundamental Avenue Taxpayer would possibly  simplify tax season, can it work for individuals who file U.S. taxes from abroad?
  • Avalara (https://www.avalara.com/weblog/en/north-america.html): Reducing gross sales tax charges sounds nice on your e-commerce shoppers. However is it?
  • Tax Vox (https://www.taxpolicycenter.org/taxvox): So is earnings unequal or what?
  • Procedurally Taxing (https://www.taxnotes.com/procedurally-taxing): One other yr passed by, and the way did the Heart for Taxpayer Rights do?
  • TaxProf Weblog (http://taxprof.typepad.com/taxprof_blog/): The Biden administration has proposed elevating the tax fee on U.S. company earnings to 25, possibly 28%. The opposition argues that such a rise will chase enterprise offshore and hamper American firms. The issue: International nations depend on VATs and so can afford to keep up decrease company earnings tax charges. The U.S. doesn’t have a supplemental income like a VAT. The reply?
  • Nationwide Affiliation of Tax Professionals (https://weblog.natptax.com/): This week’s “You Make the Name” appears to be like at Jesse, 53, who’s been along with his present employer for 30 years. Jesse has $450,000 in his 401(okay), all contributions made with pre-tax {dollars}. Final July, Jesse took a distribution of $40,000 to pay for surgical procedure and medical bills for himself. Will he pay the ten% penalty for early distribution?

Busy busy

Coast to coast

  • Withum (https://www.withum.com/assets/): Latest state gross sales tax updates embody Iowa revoking a key tech exemption, Pennsylvania serving to nonprofits with registration and Texas having to jigger native taxes attributable to redistricting and annexation of communities.
  • Tax Basis (https://taxfoundation.org/weblog): Virginia’s bought itself a brand new plan, particularly in terms of gross sales and earnings tax.
  • TaxConnex (https://www.taxconnex.com/blog-): Finish of yr marks a high quality time to right the yr’s gross sales tax compliance goofs.

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