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Tax Insights

Insights

IRS Wants You to Extend Statute of Limitations, But Should You?

If the IRS is conducting a tax audit, and the statute of limitations is about to run out, the agency will usually solicit an extension. It is likely in most taxpayers’ interest to extend the statute of limitations when requested, says Kaufman Rossin’s Michael Kramarz.

Navigating Various Tax Issues in Exempt Organization Licensing

Tax-exempt organizations that license their names, logos, and other intellectual property to raise money must be careful when marketing and promoting their vendor’s for-profit products or services, since this can raise significant tax risks, says Pillsbury’s Robert Logan.

Commentary

Bad Actors Are Fattening Their Wallets, Not Boosting Conservation

Recent guilty pleas and indictments over conservation easement tax schemes reflect a small portion of the manipulation of the conservation easement deduction. The tax benefit should continue, but the fraud and abuse of conservation easements has to stop, says Sen. Steve Daines (R-Mont.).

California’s Rebate Plan Is Economic Illiteracy: Jared Dillian

California Governor Gavin Newsom may be surprised to hear this, but his inflation rebate plan is not good economics. In a time when the inflation rate is cresting above 8%, handing out $17 billionto California residents has the potential to make inflation even worse. And it probably will.

Spotlight

Spotlight on Tax Strategy Software Leader Kristine Butterbaugh

Our Spotlight series highlights the careers and lives of tax professionals across the globe. This week’s focus is on Kristine Butterbaugh, a subject matter expert and strategy leader for the Tax and Regulatory line of business at the tax software company Sovos.

Feedback

Do You Have a Response to our Insights and Commentary?

At The Exchange, we welcome responses from our readers, and encourage diversity and civil discussion. We are especially interested in responses that add to the conversation, or introduce a different point of view. If you have a response to one of our published Insights, we’d love to hear from you. Here’s how to submit a response.

Career Moves