Ken Berry | AccountingWEB

Content by Ken Berry

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...
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...

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