Content by Ken Berry

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...
on 05/30/14
Politics and nonprofit organizations usually don't mix. Now the IRS is taking steps to ensure that tax-exempt groups stay well within the tax law boundaries when they engage in political...
on 05/27/14
Now that we’re near the midway point of the year, you may think that the die has been cast for business drivers: If they’ve been keeping records based on the standard mileage rate, they...
on 05/20/14
Do you have a client who is an expert at molding pottery or chartering fishing trips? An activity that starts out as hobby can turn into a full-fledged business over time if people are willing to pay...
on 05/15/14
Suppose that one of your clients intends to take a few courses at the local college to learn the latest developments in his or her field. Can the client deduct the education costs as a business...
on 05/13/14
Who says you have to "use-it-or-lose it?" In a new YouTube video created by the IRS, the nation's tax collection agency instructs taxpayers about carrying over unused funds in a...
on 05/05/14
As investigations continue into the "Tea Party scandal" involving applications for tax-exempt status by conservative groups, the IRS is making it easier—and faster—for small...
on 04/24/14
The IRS could do a better job if it had more resources at its disposal. That is the essence of a new report released on April 21 by the Government Accountability Office (GAO).The GAO conducted the...
on 04/21/14
President Obama squeezed under the bar for the highest marginal tax rate on the federal income tax return he recently filed for 2013. But the Commander in Chief, who filed a joint return, couldn'...

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