Welcome to THINK OUTSIDE THE TAX BOX, the premier online publication for tax reduction information!
Here at TOTTB, we produce in-depth, easy to understand, exhaustively cited essays on the topic of tax reduction for our subscribers!
Every two weeks, we add more articles and more features, like our live webinar events, private Facebook group, downloadable “Client Alerts” and Infographics, as well as Around the Tax World, an aggregator of all the news fit to print currently happening in the tax world!
If you aren’t a subscriber yet, this is only a small part of the vast toolkit TOTTB can bring your practice. If you really want to dig in, SUBSCRIBE! (We offer a 30-day money back guarantee! You have nothing to lose!)
Around the Tax World- September 8, 2026
In The HeadlinesThe robotaxis are coming: Uber cuts 10% of its workforce worldwide to focus on new investments.
What's New In The Tax World?Will Hollywood get a tax break with the support of President Trump?
State-By-State-UpdatesLouisiana appeals to SpaceX with a $27.5 billion tax incentive package.
Tax Planning TipsThe IRS provides more clarity on how “no tax on overtime” actually works
READ MOREAround The Tax World- June 9, 2023
World NEWS - Alaska is making plans to tax online car sharing platform Turo…
U.S. NEWS - Cities in Tennessee, Texas, and Oklahoma rank as the most tax-friendly for high-income earners
STATE NEWS - New Jersey debates expanding property tax relief for seniors…
TAX PLANNING - Taxpayers who withdrew IRA funds during COVID-19 are running out of time to claim a tax refund.
Around The Tax World- May 25, 2023
World NEWS - The Supreme Court rules that the IRS does not need to give notice to third parties when requesting bank records…
U.S. NEWS - The IRS is developing a free electronic tax filing system that could replace commercial options
STATE NEWS - Texas legislators advance a bill that would change property tax limits…
TAX PLANNING - In 2023, the IRS flagged over 1 million tax returns as potentially fraudulent.
Around The Tax World- May 9, 2023
World NEWS - A group of U.S. Senators push the IRS to take action against AI-generated tax scams…
U.S. NEWS - New York and California tax revenue took a hit during COVID-19 as high-income earners moved to low-tax states
STATE NEWS - The Minnesota Senate passed a $4 billion tax bill…
TAX PLANNING - The deadline is approaching for the 1.5 million taxpayers with an unclaimed 2019 tax refund to file their return.
Around The Tax World- April 20, 2023
World NEWS - President Joe Biden proposes increased taxes on the wealthy to fund Medicare…
U.S. NEWS - The Biden administration released new rules limiting which electric vehicles are eligible for tax credits
STATE NEWS -Massachusetts advances a $1.1 billion tax package…
TAX PLANNING - Early filers may need to file an amended tax return if they reported certain 2022 state refunds as taxable income.
Around The Tax World- April 10, 2023
World NEWS - The IRS has extended this year’s tax deadline for state disaster areas…
U.S. NEWS - The IRS releases its list of 2023 “Dirty Dozen” tax scams
STATE NEWS - Chicago’s recently-elected mayor proposed $800 million in new taxes…
TAX PLANNING - Social Security benefits may be taxed due to the 2022 cost-of-living adjustment.
Around The Tax World- March 28, 2023
World NEWS - Tesla’s lowest-price vehicle may soon lose eligibility for the EV tax credit…
U.S. NEWS - The U.S. Treasury is set to publish updated guidance for the EV tax credit before the end of March
STATE NEWS - Texas advances a new $16.5 billion proposal that includes property tax cuts…
TAX PLANNING - Student loan borrowers may see fewer deductions in the 2023 tax season.
Around The Tax World- March 7, 2023
World NEWS - Tax experts step up to refute social media claims that income taxes are not legally required…
U.S. NEWS - The federal government is opting not to tax one-time state-level payments to residents
STATE NEWS -The Michigan Senate eliminates a plan to remit $180 checks to residents…
TAX PLANNING - Taxpayers looking to boost this year’s tax refund could benefit from claiming a dependent—if they are eligible.
Around The Tax World- February 21, 2023
World NEWS - Oakland-area small business owners rally in support of the suspended police chief…
U.S. NEWS - Amazon’s average cut of small business sales surpasses 50%
STATE NEWS - Iowa small business owners join the Small Business Voices to petition Congress…
TAX PLANNING - Intuit purchases $1 million in goods from local small businesses to be donated to nonprofits
NOT A Subscriber YET?
SUBSCRIBE TO GET ALL OF OUR
GREAT ARTICLES AND RESOURCES!
CURRENT EDITION
Will AMT Make a Comeback After OBBBA?
Following Betteridge’s Law of Headlines, the answer to the question posed in the headline is, “no.” Actually — because we’re talking about taxes here — we can say the answer is never so definitive, so let’s change it to “probably not.” But it’s more complicated than it may seem.
Why Citizenship, Residency, and Domicile Matter
If you spend any time in the world of cross-border taxes, you start to notice a pattern: the hardest problems usually begin with a deceptively simple question—who gets to tax you? And the answer is rarely as simple as “the country where I live.” That’s because tax systems don’t rely on just one concept to decide who belongs in their net. They use citizenship, residency, and domicile. These terms sound similar, and people often use them interchangeably in casual conversation, but in tax law they mean very different things. For globally mobile individuals, understanding the difference matters. You can be a U.S. citizen, a tax resident of another country, and still have your long-term home base tied to a different jurisdiction altogether. Each label can trigger different tax consequences, different filing obligations, and different planning opportunities.
Sophisticated EMR Software Meets Old-School Skimming: Lessons From The Aryanpure Case
The simplest way to reduce your taxable income from an S corporation is to take some of the gross receipts directly into your personal account without running them through the corporate books. Don’t mention this to your tax preparer and make sure they don’t find out. If you get caught by the IRS, though, hire an expert to explain why it is your preparer’s fault. This plan did not work all that well for a couple, both physicians, who were running two medical family medical clinics through an S Corporation called MedExpress. They ended up being liable for the fraud penalty which has the collateral effect of extending the statute of limitations indefinitely. At 75% the fraud penalty is as bad as it can get without losing your liberty.
