Tax Advisors- you would never know what was hidden in these regulations unless you conduct extensive research which we did for you! We will give you our twenty-five hours of research with links to the Code of Federal Regulations to our members.
Based on a preliminary review, these proposals could be very far reaching and effect a wide range of your clients. These proposals deserve your immediate attention and review!
You should study this very important information to make comments or request a public hearing on areas that may impact you and your clients. If you want to comment or request a public hearing you must do so before May 14, 2018.
Our members blogs are read by visitors from 210 countries and territories around the world. We are amazed as we watch our members gain better visibility for their tax expertise and more authority in the marketplace. TaxConnections Bloggers have a unique style that resonates with our readers. We love the way our Tax Bloggers make the stories relatable to our readers. When you are marketing for new clients the secret is to make it less technical and more relatable. This week I want to give you all examples of our Tax Bloggers who had some of the most read blog posts over the past year: Michael DeBlis, John Dundon, Barry Fowler, Jeffrey Kahn, Manasa Nadig, Peter Scalise, John Stancil, Hugo van Zyl and so many more.
If you are interested in enjoying a wider distribution of your tax blogs and reputation to our hundreds of thousands of readers, please join us today!
If you have ever thought of writing a book or an eBook on a tax topic, please let us know. We are now accepting submissions from the tax community to promote their tax books/eBooks at www.taxconnections.com. It takes a great deal of effort to write a book/eBook on a tax topic and more effort to promote it to an interested audience. TaxConnections promotes our members books and publications to our built in interested readers of tax knowledge and expertise.
We promote our members publications exclusively, so if you are a current or budding author please join TaxConnections as a member today at https://www.taxconnections.com/membership/tax-professionals. The first ten tax professionals to register for an annual membership will have the option of being a quoted tax expert in a series of articles we Read More
Your 501(c)(3) organization or church is in the midst of a large building campaign. Someone approaches you about making a large gift to the campaign. You don’t know the person, but he says that his grandparents were long-time members and supporters of your organization and he would like to honor them with a donation in their names. Sound too good to be true? Well, rein in your enthusiasm. That may just be the case. Before accepting any large gift, particularly one from someone you don’t know, you should exercise some due diligence.
Fraudulent Transfer may Result in a Clawback
A gift that is given to an organization or to individuals may be required to be returned if it can be shown that the transfer to your organization could be termed a fraudulent transfer Read More
The IRS has released its long-awaited Directory of Federal Tax Return Preparers, available at http://irs.treasury.gov/rpo/rpo.jsf. However, you should understand what this directory is, and is not.
But first, let’s talk about accessing the directory. By clicking on the link above, you will be taken to a page where you can enter the zip code for the area you wish to search and choose a distance from that zip code to search. You may optionally enter the last name of a preparer that you are searching for. Alternatively, you can omit the zip code and get a list of all preparers with the same last name. You may also choose which credential you wish to search for – CPA, Enrolled Agent, Attorney, or other. Read More
Bitcoin is a virtual currency also known as a cryptocurrency. It got that name because it uses cryptography to secure transactions. The good news is you don’t have to understand everything about it in order to use it. The bad news is you need to know how to receive and spend any bitcoin that you receive as a church, other organization, or individually. For purposes of this article, we will not go into the details of Bitcoin. The primary feature of it is that it is a decentralized “currency,” not controlled by any one central authority. It can’t tinker with monetary policy and cause a meltdown, nor can it be appropriated by a central authority – it is independent of any government.
In order to use Bitcoin, you must set up an account. There are miniscule fees involved and it is instant. If you want to spend it, you can spend it in Bitcoins or it can be redeemed. Read More
Join me Thursday, January 22, 2015 for the webinar “Learn How Tax Professionals Are Connecting With Taxpayers In A Tax Media Network”.
If you are hanging out on other professional media sites and not attracting any clients, it is because you are not hanging out at the right place! TaxConnections has developed technology that builds relationships between tax professionals and taxpayers with the focus on converting these relationships to new customers.
Give me thirty minutes of your time and I will teach you how to position your tax reputation in front of millions searching for tax expertise right now. There is a better way to build your client base and it is faster, smarter and inexpensive. It costs less than one dollar a day Read More
♦ The government is really asking a lot of us this month – first we’re supposed to count how many people live in our home, then we’re supposed to count how much money we owe them. I actually got confused and accidentally sent a check to the census and a member of my household to the IRS. Sorry, grandma. (Jimmy Kimmel)
♦ What’s a shy and retiring accountant?
One that’s half-a-million shy and that’s why he’s retiring.
♦ A tax accountant is having a hard time sleeping and goes to see his doctor. “Doctor, I just can’t get to sleep at night.”
“Have you tried counting sheep?” Read More
As the Founder and CEO of www.taxconnections.com, I want to welcome About.com Freelance Writer/Editor William Perez. William Perez is interested in interviewing members of TaxConnections on a wide variety of subject matters on tax. William joined TaxConnections and is eager to speak with and interview our members for media articles on tax topics. We encourage all of our members to reach out to William and send him a message at https://www.taxconnections.com/profile/William-Perez/12261048 with interesting stories on a wide range of subject matters.
We are fortunate in the TaxConnections community as we have tax experts from all over the world joining an interactive experience only available through membership in TaxConnections Worldwide Directory of Tax Professionals. Our members are leading the Read More
On September 30, 2014, the IRS issued final regulations in T.D. 9696, allowing employees to deduct expenses paid or incurred for local lodging as business expenses.
The general rule is that local lodging expenses for an individual are nondeductible personal expenses. The new regulations provide that local lodging expenses that meet certain criteria are deductible as ordinary and necessary business expenses under IRC 162.
The regulations state that local lodging expenses that meet either a facts and circumstances test or satisfy safe harbor requirements are deductible by an individual if incurred directly. Read More
Posted in sections, this is my Doctoral Thesis on taxpayers rights when audited by the tax authorities in South Africa – equally applicable to many English-based law systems in Africa and abroad (eg. India). This will be of particular use to any tax practitioners doing work in Africa and in other English-based legal systems around the world.
Analysis of Challenging The Commissioner’s Discretionary Powers In Auditing Taxpayers under The Constitution of The Republic of South Africa
CHAPTER 7 – CONCLUSION
7.5 REVIEW IN TERMS OF SS 6, 7 and 8 OF PAJA OR THE PRINCIPLE OF LEGALITY Read More