Stimulus Checks, Unpassed Tax Provisions And Other Fun In 2021

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My trademark as a tax blogger is “I find it interesting”. Not surprisingly, a tiny bit of that stuff isn’t interesting to a very large number of people. As much as I appreciate the discerning elite of my readers, I sometimes like to reflect on what seems most interesting. Here’s what my readers found most interesting in 2021.

incentive check

Enthusiasm over incentive checks infected the blogosphere and seemed to be a surefire way to get traffic. I was tempted to make a post about how my barber who knows a congressman thinks the next stimulus check will be a prime number. I still followed my principles and wrote about them only when I felt I had something worthwhile and was rewarded with reader interest.

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Stimulus Check and Filing Your 2020 Tax Return—Hurry or Wait?, I’ve explored the unique situation we’ve found ourselves in that can affect your overall result whether you file your 1040 sooner or later Did. There is a $1,100 per child tax exemption bonus for related and potentially relevant divorced and unmarried parents in 2022. Many people who expect a refund will file as soon as possible, but they want to take a breather this year, especially if they share a child with a partner they are not currently married to.

al capone syndrome

My post on a strange reaction to what happened on January 6, 2021 — Congressional Democrats want it to be clear that rebellion is not a tax-exempt activity — proved popular. I felt bad about January 6th and spent mornings and afternoons looking at different types of news feeds. The notion that the IRS needs to caution exempt organizations that they shouldn’t overthrow the government if they want to maintain their exempt status actually seemed a bit silly. It struck me as an example of the “Al Capone” syndrome, which has people who have committed all kinds of other crimes to tax offenses.

endless tax season

There’s a joke going on among the people #taxtwitter That the 2020 tax season is never over. I retired from active direct customer service practice at the end of 2018 and I am extremely grateful because I see what is happening to tax professionals. There’s a new Twitter feed that refers to the endless tax season as Marchternity.

Even though my coverage of the 2021 tax season has garnered some interest with a cooling breeze from hell to tax season — the IRS doesn’t want an amended return immediately and the income tax due date moves to May 17 and estimated tax payments — sweat the small Do not give material

IRS breakdown

Many physicians and regulars become upset about the IRS’s inability to provide proper service. I share this concern. I am also concerned about their failure to bring people into compliance. As I discussed in IRS Collections Appear to Be Broken, it’s actually become a viable strategy to not pay the tax that is due on you with the hope of having to wait ten years for the statute of limitations. In addition to attracting a good number of people, the post also made a good impression on my son, who reviewed the output for the year I published it. Your Tax Matters Partner, She wrote:

Does the IRS Offer Tax Credits to Private Collectors? Companies whose numbers my phone will tell me are scam callers? It should come as no surprise that of the $30 billion in tax debt the IRS assigned to collectors, they only received $500 million in return.

I also did a story about how hard it can be for regular people to comply – IRS Automatic Notice Alienate Taxpayers – A New Scandal Looming?

Once and Maybe Future Tax Bill

A long time ago I made it a rule not to study tax provisions seriously until they were done out of fear that I would remember things that are not in the final law. Once again I broke my rule because certain provisions in the different versions of Build Back Better piqued my interest. And the interest of my readers was piqued. since i still rremember the offer Whoever didn’t make it into the final tax reform act of 1986, I’m sure some of this will stick with me. I’ve listed my favorite BBB proposals as part of Time to Change Your Estate Plan – Again, S Corp to Partnership Conversion Under Build Back Better and Build Back Better part of Trust-owned life insurance can be disaster.

doctor dino

I had what Young Earth creationist Kent Hovind declared to be a Businesshala-worthy story in 2015 after his codefendant Paul Hansen was sentenced in a 2015 trial that lit up the alt-right blogosphere. However, he keeps coming back, and readers will find him interesting. In 2021, there was a wrap-up of his half-billion lawsuit against the federal government and his arrest on domestic violence charges in Kent Hovind’s half-billion dollar trial died with a whisper and the Kent Hovind half-billion dollar trial ended. done. Domestic assault allegation. I gave him a cameo as a one-time trustee from his Pensacola days entered into a plea agreement—the judge in the tax protector case prompted the IRS to investigate the promoter.

Fraud

There was also little interest in my coverage of questionable tax schemes – monetized installment sales – the IRS finally says it doesn’t work and that CPAs should stay away from syndicated protection easements. Remember Reilly’s second law of tax planning , Sometimes it’s better to just pay taxes,

One ever fully covered story

I’ll end my talk with a commentary on a story that I hopefully won’t be able to cover. This is indirectly related to my Hovind coverage. One of Hovind’s most-watched debates was the one he had with Aaron Ra on The Non-Sequitur Show.

I ended up doing some coverage on the controversy surrounding the ownership of the nonsequitur show. I expected that some really interesting things were going to happen in the case of how the Uniform Partnership Act would apply to an unwritten partnership agreement. I kept waiting because it became an exercise of sorts for Kyle Curtis to gather materials to do a book What not to do when your partner sues you, It all ended up being about how he was served and whether he was in contempt. The case ended in part because Steve McRae is now running a revived nonsequitur show, but the details of the settlement remain confidential. You can get a lot of commentary on the controversy at the nonsequitur show: Fools & Bools, a reboot of sorts of the show after a hiatus of more than two years.

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