Content by Ken Berry

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...
on 12/18/14
For taxpayers looking to pass wealth to beneficiaries without any dire tax consequences, the simplest and easiest method is often the best approach: Just give cash or property away to your loved ones...
on 12/17/14
Tax time is for looking  back at what your clients earned—and also for planning ahead, so the next tax season goes smoothly, with no nasty surprises. For example, consider retirees, who...
on 12/01/14
The telephone can be a frightening weapon in the hands of con artists and other criminals. In the latest example, the Manhattan U.S. Attorney and the FBI Assistant Director in New York have announced...
on 11/18/14
For the most part, when you donate monetary gifts to charity, whether it’s in cash, by check or credit card charge, you can deduct the full amount on your tax return as long as you meet IRS...
on 11/05/14
According to IRS Commissioner John Koskinen, you can probably expect a delay in the upcoming 2015 tax filing season…thanks mostly to Congress.In remarks made on October 30 at the 2014 Fall...
on 10/30/14
Mike "the Situation" Sorrentino, one of the stars on the former TV show "Jersey Shore," is in the middle of…well, a tax situation.On October 23, the erstwhile reality show...
on 10/24/14
Amidst the dark clouds hovering over the IRS this year—ranging from the lingering Tea Party scandal to other improprieties to damaging budget cuts—at least there's a ray of sunshine...
on 10/17/14
Did you ever feel as if you're preparing taxes in the Twilight Zone? You may be more right than you think. Each year, professional preparers all over the country have to work in a shadowy...
on 10/10/14
In the tax world, as in the real world, you usually can't take things back. Once the action has occurred, it can't be undone, even if you regret the move or the results weren't what you...
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...

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