The unchanged tax code; AI hype; M&A promise; and other highlights from our favorite tax bloggers.
Grabbing attention
- The Tax Times (
https://www.thetaxtimes.com ): What the June SEC v. Jarkesy decision by SCOTUS could mean for fraud enforcement, IRS penalties and the review powers of the Tax Court. - CLA (
https://www.claconnect.com/en/resources?pageNum=0 ): A look at the Harris campaign’s recently announced real estate-related measures. - Tax Vox (
https://www.taxpolicycenter.org/taxvox ): Harris has vowed to make permanent temporary expansions to the Child Tax Credit and the Earned Income Tax Credit. Grabbing the most attention was the proposal for a larger CTC for families with newborns. - Tax Notes (
https://www.taxnotes.com/procedurally-taxing ): The underlying case of Greenwald v. United States involves a single parent who claimed her two minor children as dependents and qualifying children for the EITC and the Additional Child Tax Credit. On her 2020 tax return, Crystal had about $11,000 of income and claimed an overpayment of just over $8,000, which was almost all related to the EITC and ACTC. That the disallowed refundable credits generated a refund suit and a discovery dispute involving the taxpayer and a nonparty makes this case worthy of attention. - Tax Foundation (
https://taxfoundation.org/blog ): World War II shaped many aspects of the modern world, including the U.S. Tax Code. How dramatic changes to our system that military mobilization required didn’t subside when the fighting finished.
Different Places
Great improvements
Credit: Source link
