Website Reviews

By Dennis Schmidt, Ph.D., CPA, and Will Yancey, Ph.D., CPA

Editors: Dennis Schmidt, Ph.D., CPA; Will Yancey, Ph.D., CPA
Center on Budget and Policy Priorities (www.cbpp.org) is an organization that works at the federal and state levels on fiscal policy and public programs affecting low- and moderate-income families and individuals. The center conducts research and analysis on proposed budget and tax policies, develops policy options to reduce poverty, and examines the impact of proposed policies on the economy and on federal and state budgets. It publishes research reports on a host of topics, including federal and state tax policies. More than 6,000 nonprofit organizations and government agencies participate in the center’s National Tax Credit Outreach Campaign, which focuses on increasing awareness of the earned income tax credit and child tax credit.

Institute for Professionals in Taxation (IPT) (www.ipt.org) is a professional organization of state and local tax professionals who work for business taxpayers and consulting firms. IPT has sections on property tax, sales and use tax, and state income tax. It holds conferences, luncheons, and training classes in various cities across the country. Designation as a certified member of the institute (CMI) requires completion of specific courses, professional experience, and passing a national exam. The IPT website describes the full range and schedule of its programs.

MSN Money: Tax Center (articles.moneycentral.msn.com/taxes/home.aspx) provides a variety of free tax-related resources. The site contains tax planning articles, tax videos, a message board, summaries of tax law changes, a tax calendar, and links to federal tax forms and publications. It also includes interactive tools to estimate taxes, find deductions, and calculate pay withholding.

National Society of Tax Professionals (www.nstp.org) is a professional organization that promotes high standards of competency, ethics, and practice for tax practitioners. The organization’s goals include establishing an identity for preparers, planners, and consultants in the tax industry and increasing the acceptance and prestige of tax professionals. The society sponsors a variety of educational seminars and workshops, as well as regional conferences that are held right before the IRS Nationwide Tax Forums.

Tax History Project (www.taxhistory.org) is a collection of tax history notes, articles, and images from Tax Analysts, a nonprofit publisher of tax news based in northern Virginia. The project’s purpose is to provide scholars, policy makers, students, the media, and citizens with information about the history of American taxation. In addition to scholarly commentaries and historical readings, the site includes a multimedia tax history museum, copies of the income tax returns of U.S. presidents, audio clips, cartoons from the history of U.S. taxation, and a free newsletter.

Taxes & Growth (www.taxesandgrowth.ncpa.org) provides online commentary from the National Center for Policy Analysis (www.ncpa.org ). The NCPA is a conservative political think tank with offices in Dallas and Washington, DC. The site’s articles cover economic concerns about federal spending and the effects of entitlement programs on long-term economic growth. Many opinion articles are from free-market conservatives, including Pete du Pont and Bob McTeer. This site includes links to similar commentaries on other websites, various individual income tax calculators, and related topics. 

Newsletter Articles

AWARD

James M. Greenwell Wins 2014 Best Article Award

The winner of The Tax Adviser’s 2014 Best Article Award is James M. Greenwell, CPA, MST, a senior tax specialist–partnerships with Phillips 66 in Bartlesville, Okla., for his article, “Partnership Capital Account Revaluations: An In-Depth Look at Sec. 704(c) Allocations.”

 

FEATURE

How Legal Marijuana Businesses Are Treated Federally

This article examines the tax problems that these businesses face and warns that professionals may provide services to them at their peril.