Welcome to TaxBlawg, a resource from Chamberlain Hrdlicka for news and analysis of current legal issues facing tax practitioners. Although blawg.com identifies nearly 1,400 active “blawgs,” including 20+ blawgs related to taxation and estate planning, the needs of tax professionals have received surprisingly little attention.
The Wall Street Journal's Tax Blog gives “tips and advice for filers,” and Paul Caron’s legendary TaxProf Blog is an excellent clearinghouse for academic and policy-oriented news. Yet, tax practitioners still lack a dedicated resource to call their own. For those intrepid souls, we offer TaxBlawg, a forum of tax talk for tax pros.
Chamberlain Hrdlicka Blawgs
There is an old saying: “Those who can, do, and those who can’t, teach.” Of course, there are also people who can’t “do” or “teach,” and what happens to all those folks? It is obvious that some of them have chosen to go into political commentary, whether on their own podcast or National media. Others, it seems, have found a very pleasant home in the Office of the Treasury Inspector General Tax Administration, aka “TIGTA.” What prompts my comments are several assertions in the May 31, 2019 Report entitled “Few Accuracy-Related Penalties Are Proposed in Large ...
All taxpayers, whether individuals or not, may deduct as business expenses the costs relating to tax matters that are ordinary and necessary in the conduct of their trade or business under Section 162 of the Internal Revenue Code. However, certain non-business expenses are also deductible under Section 212, "Expenses for production of income." Notwithstanding the somewhat limiting title of Section 212, subsection (3) currently permits a deduction for non-business expenses that can have nothing to do with the production of income, namely expenses paid or incurred "in connection ...