This may worth something:
IRS National Taxpayer Advocate: Mandatory 60-Day Postponement Due to Federal Declared Disasters
Mandatory 60-day postponement due to federal declared disasters under tax code Section 7508A, the IRS's National Taxpayer Advocate's blog addressed February 18. The NTA has heard from practitioners about how and when the mandatory 60-day extension under tax code Section 7508A(d) works. The IRS issued proposed regulations and comments are due by March 15, the NTA noted.
Tax changes are brewing for online alcohol marketplaces | Accounting Today
To make the most of new opportunities in 2021 and beyond, alcohol sellers and marketplaces will need a thorough understanding of the intersection of alcohol regulations, tax obligations and marketplace facilitator laws.
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Like their physical counterparts, online marketplaces provide a platform that connects consumers with sellers. Marketplace facilitators range from the large and diverse like Amazon — where all types of sellers sell all types of goods — to niche marketplaces like RekYou.
Facebook's move to block news publishers in Australia will provoke calls for more regulation.
Facebook's decision to flip a switch Wednesday night — causing Australia's news industry to go dark on the social network — was a remarkable flexing of power by one of the world's mightiest companies.
The social media giant said it was backed into a corner by a new law there, which requires Internet companies to pay news publishers for their content and for those rates to be set by a government arbitrator. Instead of complying, Facebook has blocked all news content on its site in Australia.
Other things to check out:
Digital Services Taxes and Nexus for Foreign Tax Credit Purposes | Alston & Bird - JDSupra
Our International Tax Group reviews Treasury’s proposed regulations that would add a jurisdictional nexus requirement to the analysis used to determine whether a foreign tax is an income tax for foreign tax credit purposes.
The Internal Revenue Code has long provided U.S. taxpayers a dollar-for-dollar credit against U.S. income tax for any income, war profits, and excess profits taxes paid or accrued during the taxable year to any foreign country or possession of the United States (or taxes paid in lieu of such taxes generally imposed by such foreign country or U.S. possession). The foreign tax credit (FTC), while subject to certain limitations, generally works to prevent double taxation of U.S.
Amazon, Facebook, Google back lawsuit against Maryland's new online ad tax - The Washington Post
Top lobbying groups backed by Amazon, Facebook, Google and other technology giants sued Maryland on Thursday, seeking to scuttle a new state tax on their massive online-advertising revenue — and stop other local governments from following its lead.
The lawsuit is backed by a broad coalition of businesses nationwide through a series of trade groups, including the U.S. Chamber of Commerce and the Internet Association, a Washington-based organization that counts Silicon Valley's most prominent companies among its members.
Should San Diego establish some type of vacancy tax? - The San Diego Union-Tribune
The idea is money from the tax could be used to fund construction for subsidized housing and encourage landowners to build new housing or sell to someone who will.
Oakland has a similar tax, and Los Angeles voters are scheduled to consider what city officials there call "an empty homes tax" in 2022. It isn't decided exactly how San Diego's version of a vacancy tax would work.
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NO : Few U.S. cities have implemented a vacancy tax so there is no clear record that such a tax can significantly improve the local housing situation. Defining and identifying the rental units and properties that are subject to the tax and setting the criteria for exemptions will be challenging. Expanding housing subsidies may be desirable, but vacancy tax proponents will need to explain why placing the funding burden on a subset of landlords is fair.
House Democrats Float Bill to Close Carried Interest Tax Loophole | ThinkAdvisor
The proposed class action against Gill, who adopted the YouTube nickname "Roaring Kitty," was filed Tuesday in federal court in Massachusetts.
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Find out why many advisors still aren’t outsourcing model management -- and why you should consider starting.
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