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Lesson From The Tax Court: Non-Receipt of 1099 Does Not Get You Out of Penalties

(TaxProf Blog) - Today, in Lionel E. Larochelle and Molly B. Larochelle v. Commissioner, T.C. Summ. Op. 2022-12 (July 12) (Judge Leyden), we learn why non-receipt of a Form 1099 does not constitute reasonable cause to escape the §6662(a) penalty for making a substantial understatement of tax.


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Solo 401(k) Plans: Looking Out for Number One 
(CPA Practice Advisor) - A solo 401(k) plan works pretty much like a traditional 401(k). For starters, you can elect to defer part of your salary to your account within generous annual limits.

7 Frustrating Windows 11 Annoyances, and How to Fix Them 
(PC World) - Windows 11 is rife with little annoyances, from the taskbar and Start menu location to the lack of Ribbon menus. Here's how to fix them.

Student Ambassador Passionate about Opportunities Accounting Brings 
(Ohio CPA Voice) - Nontraditional accounting student Eboné Johnson has always made helping others a priority in her career.

Democrats Passed a Major Climate, Health and Tax Bill. Here's What's in It 
(NPR) - This portion of the bill takes on transportation and electricity generation, and it includes $60 billion for growing renewable energy infrastructure in manufacturing like solar panels and wind turbines. It also includes several tax credits for individuals on things like electric vehicles and making homes more energy efficient.

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