Ken Berry | AccountingWEB

Content by Ken Berry

on 04/15/15
The IRS may be in bad shape due to recent budget cuts, but that doesn’t mean staffers aren’t keeping in good physical shape.According to a letter sent by Senate Finance Committee Chairman...
on 04/14/15
April 15 is certainly a red-letter day in tax circles. But April isn’t just the time of year when taxpayers are scrambling to have their federal income tax returns filed on time. It is also the...
on 04/08/15
Nearly four in five Americans believe that more financial training is needed within not-for-profit organizations, putting it on the same level as for-profit businesses, according to the results of a...
on 04/06/15
On April 1, the American Institute of CPAs (AICPA) issued a press release, “10 Important Things for Tax Procrastinators to Know,” that provides answers to 10 critical questions relating...
on 03/30/15
The federal estate tax has been around for almost 100 years. However, if some Republican legislators on the Hill have their way, it will be going the way of the five-cent cigar and the VCR.On March...
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...

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