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Attorney At Law
Certified Public Accountant
Licensed Real Estate Broker / Appraiser

Phone: 610-459-8074
Fax: 610-459-8653

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Thursday July 31st, 2014

Attorney at Law | Certified Public Accountant | Licensed Real Estate Appraiser | Licensed Real Estate Broker

Since 1973

Tax News

Thursday July 31st, 2014

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Tax Dos and Don'ts for Hiring Your Child

Tax Report: You can't pay in pizza and deduct it, one taxpayer was told in a recent case.

The IRS Rules on Deducting Capital Losses

You can't always use losses to offset capital gains.

Waiting for Action on Taxes

Tax Report: What to do until Congress deals with expired breaks.

How to Deal With Nontaxable Rental Income

If you get a Form 1099, best to report the income, then exclude it.

Offshore Disclosure Comes With Hazards

The IRS has greatly eased penalties for people who unintentionally violated the law. Here's what taxpayers need to consider before they confess.

Offshore Accounts: What to Do Now

Tax Report: Far-reaching new rules aimed at catching overseas tax cheats take effect July 1. Here's what you need to know to avoid running afoul of the IRS.

The IRS Wins a Big Offshore Case

A Miami jury found that a millionaire could owe penalties of $2.2 million on a secret $1.5 million Swiss bank account.

The Federal Estate-Tax Exclusion

Most people needn't worry: It's $5.34 million for tax year 2014.

Skirting the New Investment Tax

'Active' business owners can escape the 3.8% investment tax—if they can convince the IRS they're truly active.

Your Interest-Free Loan to Uncle Sam

This is a good time of year to see if you should adjust your withholding.

A New Ruling on IRA Rollovers

Tax Report: A recent Tax Court decision changes the landscape for retirement savers. Here's what you need to know.

A Mulligan for Your Tax Return

How you treat a revision depends on your situation and the size of the change involved.

The Taxman's Overseas Reach

The U.S., almost uniquely, imposes a second tax and disclosure regime on citizens living abroad.

Investments That Elude IRS Scrutiny

Large private-equity firms, hedge funds and master limited partnerships are often too complicated to be audited.

Beware Con Artists Posing as the IRS

Officials say aggressive new phone scams aim to steal money or identities.

IRS Pays Awards to Whistleblowers

The Internal Revenue Service handed out $53 million to tax tipsters in fiscal 2013 and collected $367 million based on information provided by tipsters.

Three Questions for April 15

The answers underscore how much the government relies on the income tax on individuals.

The Next Offshore Target

An undercover U.S. sting is focusing attention on undeclared accounts in the Cayman Islands.

The IRS Rules on Deducting Capital Losses

You can't always use losses to offset capital gains.

A Hot Employer Stock Can Burn You

Wealth Effect: Today's young tech tycoons should heed the meltdown of one-time highfliers such as Pets.com and Webvan.

Dow Jones Newswires Codes - Subject Codes

3 Reasons It's a Good Time for Investors

Growing choices, falling fees and lower tax rates have opened up opportunities that didn't exist decades ago. Here's how to take advantage of the changes.

Common Core Becomes Touchy Subject for Governors

A governors group that helped create the Common Core education standards didn't plan an official discussion on the controversial subject at its summer meeting, a sign of how the bipartisan idea has become a political minefield.

Common Core Becomes Touchy Subject for Governors Group

Fiat Says Issuance Will Be Subject to Market Conditions

How to Tap an IRA Early Without a Tax Penalty

If you must withdraw cash from an IRA before age 59½, there are more ways than you might think to avoid a 10% tax penalty.

How to Deal With Nontaxable Rental Income

If you get a Form 1099, best to report the income, then exclude it.

A Short History of the Income Tax

It's a complex story that starts during the Civil War.

What to Do When Your 401(k) Includes Pretax and After-Tax Contributions

Columnist Karen Damato answers readers' questions about retirement-related issues in personal finance.

Reconsider the Roth: Benefits for Older Investors, Too

New research challenges the practice of recommending Roth retirement accounts mainly to young investors.

Tips for Deducting Charitable Donations

Record-keeping rules vary depending on several factors.

Online School Is Focused on One Subject: English

Online School Has 100,000 Students, One Subject: English

Open English has raised an estimated $120 million in venture capital, underscoring the market potential of Latin America's fast-growing middle class.

Some Question Value of Wealth-Management Credentials

More financial planners earn CFP and CIMA badges, but the usefulness of the credentials is challenged by some.

Health Accounts as Shadow IRAs

Some Americans who contribute to health savings accounts are finding these plans' best use may be as supplementary retirement accounts.

The Most Valuable Assets to Leave for Your Heirs

Consider tapping Roth individual retirement accounts and appreciated securities last for cash in retirement.

Dow Jones Newswires Codes - Subject Codes

High Court Rules Quality Stores Severance Pay Subject to FICA -- Update

Dow Jones Newswires Codes - Subject Codes

Dow Jones Newswires Codes - Subject Codes

Bosch Subject of Price Fixing Probe by EU -Report

Dow Jones Newswires Codes - Subject Codes