Content by Ken Berry

on 03/27/15
When it comes to claiming charitable deductions on a 2014 federal income tax return, good recordkeeping is essential. The IRS imposes strict rules concerning write-offs for both monetary...
on 03/24/15
Tick … tick … tick. The time for filing 2014 tax returns is running out. Although you may be scrambling to complete tax returns for clients, or they still may be collecting all the...
on 03/16/15
Is an outside auditor likely to be swayed by feelings of either fondness or dislike for client personnel? It is generally believed that an auditor attuned to those feelings won’t let them...
on 03/16/15
In the wake of the IRS releasing its annual “Dirty Dozen” list of tax scams, Timothy P. Camus, deputy inspector general for investigations at the Treasury Inspector General for Tax...
on 03/11/15
In a new press release, the IRS reminds taxpayers that the window for collecting refunds for 2011 is closing fast (IR-2015-44, 3/11/15). The deadline for filing a federal income tax return for the...
on 03/05/15
Taxpayers aren’t the only ones who receive letters from the IRS. As a professional tax return preparer, you may also find IRS missives in your mailbox, although they usually aren’t quite...
on 03/04/15
There’s a long laundry list of tax deductions that small business owners may claim on this year’s return, ranging from depreciation for heavy equipment to routine office supplies. But don...
on 02/27/15
Most of your individual tax clients are probably well-aware of the personal deductions they can claim on Form 1040, including write-offs for mortgage interest, state and local income taxes and...
on 02/20/15
The IRS has your number—more accurately, your Preparer Tax Identification Number (PTIN). Pretty much everyone who offers tax preparation services for compensation must obtain a PTIN from the...
on 02/12/15
To help identify the key challenges and concerns relating to corporate audits today, accounting giant KPMG surveyed about 1,500 audit committee members in 35 different countries. This annual survey...
on 02/10/15
Last week, we covered the first week of IRS press releases on the annual “Dirty Dozen tax scams” encountered by taxpayers. Here’s a summary of the second round, which concluded on...
on 02/06/15
Each year the IRS publishes a detailed list of the “Dirty Dozen tax scams” plaguing taxpayers. For 2015, it decided to go one step further, issuing an individual press release covering a...
on 02/03/15
Technology has taken the accounting profession to places likely never envisioned a half century ago, but it has yet to eliminate a fundamental problem: human error. The impact can be enormous. For...
on 01/30/15
The IRS will be serving up some much-needed tax guidance to owners of restaurants. It has announced it has accepted a request to explain the confusing capitalization rules for restaurants under its...
on 01/15/15
The annual report delivered by National Taxpayer Advocate (NTA) Nina E. Olson to Congress on January 14, 2015, packed a somber message: Essentially, taxpayers can expect the worst level of service...
on 01/14/15
Late last year, Congress threw a lifeline to certain retirees who wanted to give IRA assets to charity. As part of the Tax Increase Prevention Act (TIPA), it extended a tax break for direct transfers...
on 01/09/15
Government authorities in New York have reported that the operator of a website used for illegal drug transactions has been apprehended in his home town of San Francisco. The website, called Silk...
on 01/06/15
Did you entertain family and friends this past holiday season? Generally, you can’t deduct any expenses for such social gatherings. But you may be in line for deductions relating to business...
on 12/24/14
Everyone with a regular paycheck knows that you pay your federal income taxes “as you go” through table-based withholding payments. Problems can crop up, however, for those who get some...
on 12/23/14
Do you have your heart set on a June marriage? Depending on the circumstances, the betrothed may be better off waiting until next year, although that’s not always the case. It's important...

Pages