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Author Sidney Kess, CPA, J.D., LL.M
Tax Planning in an Era of Uncertainty
There are many factors contributing to tax uncertainty at this time. For individuals and tax practitioners...
IRS Audit Guides on Attorneys and Consultants
By Sidney Kess, CPA, J.D., LL.M The IRS has about four dozen guides for its examiners to use when...
New IRS Procedures Help Distressed Taxpayers
By Sidney Kess, CPA, J.D., LL.M & Christopher M. Ferguson, J.D. The tough economy may be easing,...
What Everyone Should Know About the 2011 Offshore Voluntary Disclosure Initiative
By Sidney Kess, CPA, J.D., LL.M & Christopher M. Ferguson, J.D. On February 8, 2011, the IRS...
Avoiding Liability on Joint Returns With Innocent Spouse Relief
By Sidney Kess, Of Counsel, Kostelanetz & Fink, LLP and Robert S. Fink, partner, Kostelanetz &...
Preparing With The Tax Stars
Gail Rosen, CPA, is president of Gail Rosen, CPA, PC in Martinsville, New Jersey. She has been a practicing...
IRS Return Preparer Office Targets Ghost Preparers
David Williams, Director of the IRS Return Preparer Office, presented a session at the Dallas IRS...
Searching for Better Tax Savings
Tax research is fun, intriguing and enables tax professionals to think creatively. Tax research allows...
Representing Clients Before the IRS
The IRS has been on a mission to find $345 billion of the hypothetical tax gap, which theoretically...
CPA All-Stars Unravel 1040 Tax Complexities
In 2002, CPA Magazine selected Tax All-Stars in various areas of specialization. Each CPA selected...
Author Julie Welch, CPA, CFP
Deducting Your Client's Home Office Expenses
Generally, the only expenses you can deduct for your home are interest and real estate taxes. However,...
Strategies to Avoid the Kiddie Tax
Before 1986, parents shifted investments to children so that interest and dividend income from the...
20 Factors to Determine Independent Contractor Status
Many businesses would rather pay independent contractors (“contract labor”) than employees. This...
Reap the Benefits of Starting Your Own Business
When you are self-employed, you have several tax advantages over employees. Take advantage of these...
Identify All of Your Qualifying Medical Payments
You can deduct medical and dental expenses that are over 7.5% of your adjusted gross income (AGI)....
Author Martin M. Shenkman, CPA, MBA, PFS, J.D.
1040 Tax Issues Affected by Client Estate Planning
Estate planning is often viewed as independent of income tax compliance, and vice versa. The reality...
Succession Planning: Disability Checklist
Succession planning almost invariably focuses on planning for the death of a partner or other equity...
Post-Death Tax Elections For All Clients
With all the hoopla given to the 2010 Tax Act increase in the exemption amount of $5 million many...
7 Estate Planning Tips for the Closely Held Business Post-2010 Tax Act
The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010, better known...
Changes to Form 709 for 2010 Gift Tax Returns
Form 709 for 2010 will be the most complex gift tax return you will complete during your career as...
Author E. Martin Davidoff, CPA, Esq.
IRS Appeals in Collection Matters
The most underutilized arm of the Internal Revenue Service with respect to Taxpayer collection issues...
Dealing with the IRS Regarding Collections, Penalty Abatements and Examinations
In practicing before the IRS regarding collection matters, penalty abatements and examinations, I...
New IRS Procedures Claim to Provide 'Fresh Start' for Taxpayers
Over the past several weeks, the IRS has made some significant changes in collection policies and...
IRS Rules of Engagement: Under Promise and Over Perform
In practicing before the IRS regarding collection matters, penalty abatements and examinations, I...
IRS Rules of Engagement No. 10: Never Let Deadlines Pass
In practicing before the IRS regarding collection matters, penalty abatements, and examinations, I have...
Author Arthur P. Jensen, CPA
Trusts: Universal Tool for Cutting Income, Gift and Estate Taxes
As we head into higher taxes of all types, tax planners need to be on top of their planning skills...
Excessive Roth IRA Contributions: A Superior Tax Avoidance Tool
Twelve years ago, when the late Senator William V. Roth Jr. championed the birth of the Roth IRA —...
2010 Closes Low Tax Rate Window Should Income Be Accelerated?
Just around the corner, we will be facing a new year and the return of former higher income tax rates,...
Author Jerry Love, CPA
Financial Planning Starting with Form 1040
Without a doubt there is a wealth of information we already know about our clients’ financial status...
How to Turn Over Your Business Without Going Under
It has been estimated that approximately 90% of the businesses in the United States are closely held....
The American Dream or a Tax Deduction?
Since the founding of our country, Americans have been drawn to owning our own land and in many cases,...
How to Determine if a Separate LLC is Right for Your Assets
I am frequently asked by small business owners if they should have a separate LLC or multiple LLCs...
Regulations Governing Practice Before the IRS (Rev 8-2011)
The IRS recently issued new rules for ethical standards for tax professionals in regard to positions...
IRS Return Preparer Test Specifications
Tax preparers are required to pass a competency test in order to achieve the title of Registered Tax...
How To Schedule and Take the RTRP Competency Test
The Registered Tax Return Preparer competency test contains 120 questions, 100 scored questions and 20...
Charitable Contribution Deductions
Like most aspects of tax law, charitable contributions are rarely a straightforward affair. The simple...
What 10 Tax Pros Hate About Their Tax Software
Tax preparation software is a product in a tax professional’s office that is as essential as an adding...
