TaxConnections Picture - 2013 Top Tax Twitter AwardTaxConnections announced today the first half of 2013 Top Tax Twitter Awards. The awards go to the most prolific tax twitterers for the first half of the 2013 calendar year. “As Twitterers know, Twitter is a great way to actively engage an audience with what you are doing or thinking during the day. You can get a sense for the personalities of the Tax Twitterers by following them on their twitter handles. We provide the Tax Twitter Awards to identify the tax professionals who enjoy twittering with you”, states Kat Jennings, Founder and CEO of TaxConnections.

TaxConnections acknowledges the Top Fifty Twitter Communicators. All winners receive a TaxConnections 2013 Tax Twitter Badge and a one year complimentary membership listing in TaxConnections Worldwide Directory of Tax Professionals from http://www.taxconnections.com.

# Name Twitter Handle Followers
1 Jeff Haywood @jeffhaywoodCPA 120,619
2 Daniel Stoica @danielstoicatax 58,199
3 Jeffrey Rosan @a_tax_pro 52,184
4 Kelly Phillips Erb @taxgirl 23,368
5 Richard Murphy @RichardJMurphy 18,674
6 James McBrearty @taxhelpukcom 16,401
7 Diane Kennedy @DianeKennedyCPA 15,008
8 Rick Telberg @CPA_Trendlines 14,342
9 Francine McKenna @retheauditors 12,131
10 Wray Rives @RivesCPA 10,377
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TaxConnections.com, a tax professional media site, announces 2012 Top Tax Twitter Awards

TaxConnections.com CEO Kat Jennings and Social Media Analyst Tony Chau recently conducted research on the Top Tax Twitter 2012. The Top Ten Tax Twitter Awards go to: Jeff Haywood (1st); Daniel Stoica (2nd); Jeffrey Rosan (3rd); Kelly Phillips Erb (4th); James McBrearty (5th); Diane Kennedy (6th); Neil Harries (7th); Rick Telberg (8th); Francine McKenna (9th); and Wray Rives (10th).

TaxConnections.com also acknowledges the Top Fifty Twitter Communicators with honors earned this year.  All winners receive a Logo Award and one-year complimentary TaxConnections.com membership.

“The 2012 Tax Twitter Award Winners”

     Name Twitter Handle @ Followers
  1) Jeff Haywood jeffhaywoodcpa 73,711
  2) Daniel Stoica danielstoicatax 58,661
  3) Jeffrey Rosan a_tax_pro 50,595
  4) Kelly Phillips Erb taxgirl 19,776
  5) James McBrearty taxhelpukcom 16,134
  6) Diane Kennedy DianeKennedyCPA 15,105
  7) Neil Harries taxhelpforu 13,848
  8) Rick Telberg CPA_Trendlines 11,302
  9) Francine McKenna retheauditors 10,189
10) Wray Rives RivesCPA 9,648
11) Travis Raml RAMLCPA 7,954
12) Jeff Wagner Vacation Tax 7,342
13) Eric Cohen ECohenCPAs 7,010
14) Don James Growthguy2 6,757
15) Greg Barton taxes007 5,697
16) Benjamin Bankes feedthepig 5,547
17) Kay Bell taxtweet 5,358
18) John Pointon jpointon 4,826
19) Tom Hood tomhood 4,752
20) Danielle Lee Atomorrow 3,966
21) Chad Bordeaux CLT_CPA 3,920
22) John Brian Fast JBF_CPA 3,819
23) Jeff Beckley thetaxxman 3,332
24) Jody Padar JodyPadarCPA 3,272
25) Earla Riopel ERTaxbytes 2,743
26) Frank Woodman Jr. kstaxman 2,614
27) Naden Lean nadenlean 2,505
28) Eva Rosenberg TaxMama 2,411
29) Peter Pappas TaxLawCPA 2,232
30) Gabrielle Luoma GabrielleLuoma 2,187
31) Christina Hansen YourTaxEdge 2,075
32) Monica Lawver TheTaxCPA 2,056
33) Steve Trojan smtcpa 2,048
34) Joe TaxPayer JoeTaxPayerBlog 1,989
35) Geni Whitehouse evenanerd 1,958
36) William Miranda TaxMan45 1,913
37) Greg Kyte gregkyte 1,531
38) Lucia Galeano taxhelprightnow 1,463
39) Sharon Gubinsky GubinskyCPA 1,392
40) Dan Lucas CredoTaxPro 1,306
41) Albert Corey albertcorey 1,284
42) Howard Kaufman SaveMoreTaxes 1,239
43) Dianne Besunder DianneIRS 1,156
44) Jesse M. Herschbein HerschbeinCPA 1,137
45) Bruce McFarland bruce_taxguy 1,119
46) Mike Emeigh NCTaxPro 1,080
47) Joe Kristan joebwan 976
48) Bill Walston TheTaxWiz 898
49) Kevin Jacobs stepbystepbaok 834
50) Bryan Wakefield CorridorTax 740
TaxConnections.com 2012 Top Tax Twitter Awards – is something to Tweet about!
Robot Tax

A Taxing Dilemma:Robot Taxes and the Challenges Of Effective Taxation of AI, Automation And Robotics In The Fourth Industrial Revolution
Written By Robert J. Kovacev

Introduction

Michele Wucker coined the phrase “gray rhino” to describe a “highly probable, high impact threat” that leaders “ought to see coming but nevertheless fail to recognize and react to in time.”2 The impact of the rise of artificial intelligence (“AI”), robotics, and automation on the tax system falls squarely within the definition of a gray rhino. Technological change promises major dislocations in the economy, including potentially massive displacement of human workers. At the same time, government revenues dependent on the taxation of human employment will diminish at the very time displaced workers will increasingly demand social services. It is undeniable that drastic changes will have to be made, but until recently there has been little appetite among policymakers for addressing the situation.

One potential solution to this dilemma has emerged in the public discourse over the past few years: the ‘robot tax.’3 This proposal is driven by the idea that if robots (and AI and automation) are displacing human workers, and thereby reducing tax revenues from labor-based taxes, then the robots themselves should be taxed. In theory, this kills two birds with one stone: the robot taxes make up the shortfall caused by reductions in income and payroll taxes, and the revenues raised are used to support and retrain the displaced workers. To supporters of a robot tax, “a taxation of robots, or the use of robots, represents a powerful and interesting alternative solution to a potential crucial issue: the decline, or at least the complete change, of labor market and the distributional implications on persons of the growing use of automation.”4
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In the Emmy award-winning “Regular Show” episode Eggscelent (see video below), Mordecai had to eat a 12-egg omelet in under an hour to win a funny-looking trucker hat for his good friend Rigby. Lawyers often face their own eggscelent challenge, but the stakes are quite a bit higher. My colleague Larry A. Campagna, who is a partner at a Houston law firm which represents people accused of financial crimes, introduced the concept of the “eggshell audit” in a series of articles first published in the summer of 2012. His tips for dealing with these situations are every bit as insightful today as they were two and a half years ago.

As a preliminary matter, an eggshell audit is an event at which the client and representative are aware of red flags that may draw the attention of government Read More

TaxConnections Member and Blogger Michael DeBlis posts about criminal tax casesTO FILE OR NOT TO FILE AN AMENDED RETURN TO CORRECT AN ORIGINAL RETURN THAT HAS CRIMINAL TAX DIMENSIONS – THAT IS THE QUESTION

Your client has filed a fraudulent return underreporting his tax liability. He now has misgivings. He comes to you and expresses great concern. What should you do?  This is a continuation of Part 1 that was posted October, 2, 2013.

EGGSHELL AUDITS: KEEPING THE SHELL OF THE EGG FROM CRACKING WHEN THERE ARE CRIMINAL TAX ISSUES

In an “eggshell audit,” you must walk on eggshells to represent your client effectively in the civil examination without exposing the fraud, all the while honoring your duties to the tax system not to mislead the revenue agent. Although it is theoretically too late for disclosure once the civil examination has begun, the practitioner might still be able to obtain a reasonable level of assurance from the revenue agent that he will not refer the matter to CI, so that disclosure of the fraud will not result in a referral for criminal investigation.

There are many instances in which disclosure to the agent may be the best option. For example, if the taxpayer has failed to pay income from foreign bank accounts, the IRS may be willing to allow the taxpayer to disclose the problem, pay a reduced penalty, and move on without a criminal referral. In other cases, you may be convinced Read More

♦  Another celebrity with tax problems:  “William Shakespeare was a ‘ruthless businessman’ and tax dodger, researchers have claimed. Although he wrote plays that championed the rights of the poor and the needy, archived documents show the playwright was actually a wealthy landowner repeatedly dragged before the courts and fined for illegally stockpiling food and threatened with jail for evading taxes.” Daily Mail, 3-31-13

♦  What I do resent are stupid tax forms that are badly written and impossible to understand. I hope the IRS agent looking at my tax return understands I’m just kidding. Andy Rooney, Commentator on CBS 60 Minutes

♦  All Israel was “dismayed and terrified” [at Goliath’s challenge] and, not surprisingly, there were no volunteers until the young harpist and poet, David, stepped forward. Now why would he be that foolish? Because Saul promised that the man who slays Goliath will receive riches, the king’s daughter, and exemption from all taxes! “Riches” is a relative term that could mean anything, and we all know that most women were virtually chattel, a dime a dozen, in the Bible, so it had to be the tax exemption that drove David to risk his life! –Conrad Rosenberg

♦  Most of us treat the Internal Revenue Service as if it were an ancient and powerful god. We pay tribute through payroll deduction. We perform the annual ritual of the tax forms. We bring forth sacrifices and homage on its chosen day of April 15. We dread provoking its wrath. Jim Gallagher ST. LOUIS POST-DISPATCH 2-14-10 Read More