Content by Ken Berry

on 09/29/14
The school year is off and running—have your start-up clients launched as well? It may make a big difference in tax status. If your clients can get their businesses up-and-running before the...
on 08/28/14
Some of your clients may get away to business conventions from time to time. It gives them a chance to rub shoulders with colleagues, catch up on the latest developments, and fine-tune their skills....
on 08/21/14
Continuing its efforts to simplify accounting procedures, the FASB has issued a proposed Accounting Standards Update on customer fees paid in a cloud computing arrangement. The newly-proposed update...
on 08/21/14
As a general rule, a taxpayer can deduct the full amount of monetary contributions made to a qualified charitable organization, as long as certain substantiation requirements are met. These donations...
on 08/14/14
A surprising Tax Court case has shut down a tax planning technique that savvy retirement-savers have been using for years. Under the new case (Bobrow, TC Memo 2014-21), the once-a-year limit on IRA...
on 08/13/14
As the end of the year rapidly approaches, some of your well-heeled clients may be looking to get down into the slop. Specifically, they may want to invest in a PIG—short for Passive Income...
on 08/06/14
After a regional office of the National Labor Relations Board (NLRB) ruled earlier this year that college football players at Northwestern should be treated as employees (13-RC-121359, 3/26/14),...
on 08/04/14
Tax inversion is turning the country inside out. Although the rhetoric flying back and forth is complex, the basic premise is actually quite simple: Multi-national corporations that are reaping...
on 07/28/14
There doesn't seem to be any end to the fight over the federal estate tax, sometimes referred to as the "death tax." Now legislation proposed in Congress is resurrecting calls to...
on 07/18/14
Do you know all that gobbledygook typically included at the end of your emails to clients? The boilerplate language reflects the Circular 230 rules explaining how you're not offering any tax...
on 07/16/14
It's getting easier to cut a deal with the IRS.The IRS recently announced changes to its "offer-in-compromise" (OIC) program that should improve the chances of such an offer being...
on 07/10/14
Washington D.C., our nation's capital, is the healthiest city in the country, according to a new report from USA Today. But now it's going to cost politicos on the Hill and Gen-Xers...
on 07/07/14
A recent article about vacation home rentals elicited a response from a New York CPA regarding short-term rentals. As our loyal reader pointed out, there's a creative way that some vacation-home...
on 07/02/14
In the tax world, as in the real world, there is often a "right way" and a "wrong way" to do things. This is particularly true concerning rollovers from a qualified retirement...
on 06/27/14
In the tax world, part of a loaf is usually better than no loaf at all. For instance, if any of your clients don't qualify for the home sale exclusion because they don't meet the time...
on 06/25/14
Some of your clients may own a second home that they treat as a vacation getaway. If they can afford to use it personally all year-round, more power to them, but the tax benefits are few and far...
on 06/20/14
The refrain from the old song in "Porgy and Bess" is "Summertime and the livin' is easy." But it's not so easy during the summer months for working parents who have to...
on 06/11/14
Heeding a call to action by National Taxpayer Advocate (NTA) Nina E. Olson, the IRS has unveiled a new "Taxpayer Bill of Rights" that can serve as a blueprint for future dealings with the...
on 06/11/14
Are IRS revenue agents treating taxpayers fairly? For the most part the answer is "yes," but the Treasury Inspector General for Tax Administration (TIGTA) has identified a couple of...
on 06/06/14
The IRS should hold back more tax refunds owed to delinquent taxpayers. That's the message delivered to the nation's tax collection agency by the Treasury Inspector General for Tax...

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