Income Tax

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June 30, 2015 

IRS Ramps Up National Tax Forums

The 2015 IRS Nationwide Tax Forums offers seminars over three days featuring up-to-date information from the IRS and professional experts in the areas of tax law, compliance and ethics. It also provides continuing education credits to ...

Ken Berry, JD

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June 27, 2015 

AICPA Warns of Financial Scams Against Elderly

A contributing factor to the emotional impact of financial fraud or abuse is how often this situation involves family members. The most common types of elder financial abuse or fraud seen by CPA financial planners over the past five years were ...

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June 23, 2015 

Summer Jobs and Taxes: What Teens and Parents Need to Know

School’s out for summer! While it’s a time for rest and recreation, many of your clients have teenaged children who will be working during the summer months. It teaches them about responsibility, work ethic and, not surprisingly, taxes.

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June 22, 2015 

NSA Starts Petition for Tax Practitioners Bill of Rights

In response to the ongoing frustration of dealing with slow service from the Internal Revenue Service (IRS), the Tax Practitioner Bill of Rights calls for the right to have tax laws and rules passed in a timely manner, the right to quality service ...

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June 17, 2015 

This Free W-4 Tool Can Fix Tax Withholding Problems

The IRS is making easier for taxpayers to calculate the optimal amount. On its website at www.irs.gov, you can find a withholding calculator that does all the grunt work for you. All you have to do is go through several simple steps and enter the ...

 Tax Tips for Converting a Home into a Rental Property

June 17, 2015 

Tax Tips for Converting a Home into a Rental Property

Taxpayers are all smiles when they are able to sell their principal residence at a sizeable gain and avoid any tax liability. Under the home sale exclusion, they can generally exclude up to $250,000 of gain from tax or $500,000 if they are married and ...