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The Bottom Line Weekly News

Using Technology to Expand Your Practice

Charitable Contributions for High-Income Taxpayers

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

The government views those with income of $200,000 or more as “high-income taxpayers,” and charitable contributions are a popular write-off for this group of individuals. For 2015 (the most recent...

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Feature Stories

When is it OK to Not Meet the Tax Deadline?

Vani Murthy, CPA

Consequence of Filing Your Tax Return Late or Failure to Pay Taxes By: Vani Murthy, CPA, M.S. Tax Here are some simple steps to avoid a late filing or payment penalty, or...

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Tax Strategies

Tax Cuts and Jobs Act of 2017: Impact on Individuals

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

On December 19, 2017, Congress passed a major tax package (H.R. 1) designed to cut taxes on individuals and businesses, and to stimulate the economy and create jobs. The tax...

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Client Tax Tip

How Interest Can Be Deducted When Money is Borrowed to Buy I…

Julie Welch, CPA, CFP

If a taxpayer borrows money to purchase investments, such as mutual funds, bonds or stock, the interest paid on the loan can usually be deducted. There are two limitations, however...

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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

CPAs Wanting to Do It Themselves

Joshua Fluegel

In its ongoing effort to stay on the forefront of developments in tax profession technology, CPA Magazine talks to Mark Strassman, president of Make My Day CPA. Strassman discusses CPAs’...

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Tax Checklist

Estate Planning After Tax Reform

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

Tax Reform has not been enacted at the time this article is written, but it appears likely that some variation of the House and Senate proposals will be enacted. Because...

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