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The Bottom Line Weekly News

Extended Services Edition 2017

Tax Issues of Long-Term Care

Sidney Kess, CPA, J.D., LL.M.

Long-term care is different from medical treatment designed to cure a condition or illness. Long-term care is meant to address the needs of an individual who, because of a chronic...

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Feature Stories

What You Need to Know About Amending Tax Returns

CPA Magazine

While the meat of tax season is over, there may be a few returns that need amendment. So here are the top things to know when correcting a 1040 by...

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Tax Strategies

Tax Advantages for Working Children

Sidney Kess, CPA, J.D., LL.M.

With summertime approaching, many children will be getting jobs during their school break. Others will continue at their part-time jobs throughout the summer months. What does a child’s work mean...

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Client Tax Tip

Audits and Tax Return Retention

Julie Welch, CPA, CFP

"How long should my client keep his/her tax returns and supporting documentation?” is a frequently asked question. The safe, quick answer is keep old tax returns, W-2s, and information with...

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Financial Planner

Understanding Pay Options with the new DOL Regulations

Jerry Love, CPA/PFS, CFP, CVA, ABV, CITP, CFF, CFFA

This article is a follow up to the prior article which highlights the new regulations for the Fair Labor Standards Act (FLSA) from the Department of Labor (DOL) raising the...

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Editor Blog

The IRS Issues Final Treasury Regulations Governing R&D …

Peter J. Scalise

On October 3, 2016, the IRS issued Final Treasury Regulations setting forth guidance on research and development efforts in connection to Internal Use Software (IUS) for purposes of claiming the...

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Tax Checklist

Checklist: Elder Financial Abuse

Martin M. Shenkman, CPA, MBA, PFS, AEP, JD

Aging clients are growing in number and practitioners should address their needs. Consider the Six Following Facts: 1 By 2050 the population aged 65 is projected to be 83.7 million. This represents...

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