Income Tax

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October 9, 2014 

Special 2014 Year-End Tax Series

Are you the kind of tax practitioner who waits for business to walk in the door or do you actively pursue it on your own? Usually, the former will result in flat revenue while the latter enables you to better build and grow your practice.

Ken Berry, JD

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October 8, 2014 

Report Shows Real Wages Increased in Third Quarter

The latest ADP Workforce Vitality Index, which measures the total real wages paid to the U.S private sector, is 110.6 in the third quarter of 2014. The index, part of the ADP Workforce Vitality Report, is composed of a number of metrics including ...

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October 3, 2014 

IRS Issues New Rules for Local Hotel Expenses

Normally, a taxpayer may deduct travel expenses, including the cost of lodging, only when he or she is “away from home” on business. For this purpose, home means your tax home, usually the area surrounding your principal place of business ...

Ken Berry, JD

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October 1, 2014 

The Three Rs of Travel & Entertainment Deductions: Records, Records and More Records

[This is the last in a series of articles on maximizingdeductions for travel and entertainment (T&E) expenses.] In the not-so-distant past, the IRS often suspected that deductions for travel and entertainment (T&E) were being inflated or, even worse, being claimed when no legitimate expenses existed. Eventually, it carved out a strict set of recordkeeping requirements for...…

Ken Berry, JD

 IRS Giving Up on Some Deliquent Tax Cases Too Fast, Report Says

September 29, 2014 

IRS Giving Up on Some Deliquent Tax Cases Too Fast, Report Says

The Internal Revenue Service (IRS) may be missing opportunities to collect delinquent taxes because it is not always completely researching cases before closing them as uncollectible. That is the finding of a new report publicly released today by the...