The implications of delaying ACA repeal, getting media exposure during filing season, and other highlights from our favorite tax bloggers.

Reform school

  • Tax Vox ( A look at the tax reform implications of delaying ACA repeal – the latter itself a concept with “significant implications for a big 2017 tax bill.”
  • Tax Analysts ( And another thing: “Reform is in the eye of the beholder.” That’s followed by one of our favorite lines of the week, “The elements of any given effort at tax reform resemble a tub of Play-Doh, before the stuff becomes an actual thing. What ultimately emerges from the pliable, sweet-smelling goo depends on the vision and skill of the crafters.”

Here’s how

Trickling down

  • Procedurally Taxing ( Guest blogger Carl Smith analyzes the 7th Circuit’s recent opinion in Tilden v. Comm’r. The opinion discusses two issues: whether the time to file a petition in Tax Court in a deficiency case is jurisdictional, and the proper application of the timely mailing regulations.
  • Mauled Again ( This week’s entry opens with the Facebook meme: “Put $100 in the hands of a poor person, and that person will spend it because that person needs to do so. Put the $100 in the hands of a rich person, and the rich person doesn’t do anything, because that person doesn’t need to do anything.” In short, “Who Pays the Price for Trickle-Down Tax Policy Failures?
  • Rubin on Tax ( A look at a recent private letter ruling determining that a large grant at the time a new organization had begun operations qualified as an unusual grant.
  • Summing It Up ( How FASB’s recent ASU 2016-16 “adds transparency and simplifies reporting” to the prescribed method of accounting for income taxes on the sale of assets between affiliated companies.


Last call

  • Due Diligence ( In this week’s collection: “Ocwen’s Newest Lie?”; “ ‘Banks Pump Up?’ So Do Whistleblower Lawyers!”; “FCPA Foreign Bribery Active Investigations – Last Call for Whistleblowers”; “Kaiser Health News”; “First Loan Officers, Now PNC Asst. Managers Win FLSA Suit”; “When Whistleblowers Do Things Their Way”; and “Freedom Mortgage Found Guilty of Defrauding Homeowner.”
  • ClientWhys ( Tax pros are the target of the latest phishing scam in which crooks ask for help preparing a return or with a similar service. Do not visit the site, do not log in and do not provide legitimate details.
  • Federal Tax Crimes ( Nuggets from the IRS Whistleblower Program Fiscal Year 2016 Annual Report to Congress, including amounts collected – which, believe it or not, may be low compared with future years now in the pipeline.
Jeff Stimpson

Jeff Stimpson is a veteran freelance journalist who previously served as editor of The Practical Accountant.