Taxes

 IRS Releases 2014 Form W-2

May 8, 2014 

IRS Releases 2014 Form W-2

The IRS recently released new tax forms for Tax Year 2014, for which individuals will file by April 15, 2015.

 Bitcoin Goes Legit

May 8, 2014 

Bitcoin Goes Legit

One of the leading developers of online sales and use tax automation software has developed the first such system to support bitcoin and other virtual online currencies.

Isaac M. O'Bannon

 Charitable Giving to Nonprofits Drops

May 7, 2014 

Charitable Giving to Nonprofits Drops

A quarterly report on the amount that Americans donate to nonprofits shows a decrease in the first quarter of the year, following several months in which the giving rate had seen increases.

 Report Shows Odds of Facing an IRS Audit for Individuals, Businesses

May 5, 2014 

Report Shows Odds of Facing an IRS Audit for Individuals, Businesses

Although the actual risk is very low that most Americans will face an IRS audit of their taxes, the fear of that potential is a strong factor that keeps most taxpayers on the level, according to a new report from WalletHub, a financial management and information website for consumers.

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May 4, 2014 

Is An MBA Degree Tax Deductible? It Depends

Suppose one of your clients has his or her sights set on obtaining an MBA or another advanced degree. Usually, it takes significant time and effort to achieve this goal, especially if the degree candidate is currently working on a full-time or part-time basis. But earning the degree could be well worth the “blood, sweat…

Ken Berry, JD