Whether your business is the law, or a business with accounting or asset protection needs, our business has been “Solving clients’ problems" since 1977.

Blog

Tom Petty's Estate Is Free Fallin'

  • 16 July 2019
  • Author: Cari Holbrook
  • Number of views: 11
  • 0 Comments
Tom Petty's Estate Is Free Fallin'

There’s no doubt the late, great rock star Tom Petty thought he had his legacy all wrapped up in a neat package before he passed away. Like too many before him, he was wrong.


Work During Vacation Could Pay Off

  • 9 July 2019
  • Author: Cari Holbrook
  • Number of views: 39
  • 0 Comments
Work During Vacation Could Pay Off

Mixing business with pleasure while traveling this summer? Some of it might be tax deductible, but the rules are tricky. Your ability to deduct travel expenses depends on this criteria:

Business Tax Deduction FAQs

  • 25 June 2019
  • Author: Cari Holbrook
  • Number of views: 111
  • 0 Comments
Business Tax Deduction FAQs

What expenses can my business deduct on its taxes? It’s such a simple question, yet the answer is shockingly complex. No tax situation is one-size-fits-all, and the rules are constantly changing. To offer clarity, we found some of the most “Googled” business deduction questions and answer them here.


Tax Changes for Employee Moving Expenses

  • 18 June 2019
  • Author: Cari Holbrook
  • Number of views: 128
  • 0 Comments
Tax Changes for Employee Moving Expenses

Qualified moving expense tax treatment for employees has changed under the Tax Cuts and Jobs Act (TCJA). The transition started in 2018, but taxpayers are still being blindsided by what’s no longer covered.


Painful IRS Lessons Continue for Actor Wesley Snipes

  • 11 June 2019
  • Author: Cari Holbrook
  • Number of views: 177
  • 0 Comments
Painful IRS Lessons Continue for Actor Wesley Snipes

Actor Wesley Snipes served four years in prison for tax evasion, but it wasn’t enough to wipeout his $23.5 million tax bill. For that, Snipes continues his more than 13-year battle with the IRS, and the hits keep coming.


5 Audit Mistakes To Avoid

  • 28 May 2019
  • Author: Cari Holbrook
  • Number of views: 193
  • 0 Comments
5 Audit Mistakes To Avoid
The IRS audits less than 1% of all tax returns. Before you breathe a sigh of relief, that still adds up to about 1 million audits every year. IRS software is helping to automate the process by flagging returns that show abnormalities. Perhaps the return deviates from what’s normally filed, or it’s been linked to a family member or business partner who is being audited, for instance.

Tax Havens: Legal or Not?

  • 21 May 2019
  • Author: Cari Holbrook
  • Number of views: 212
  • 0 Comments
Tax Havens:  Legal or Not?

Google shifted nearly $23 billion in profits to a tax haven in Bermuda in one single year, allowing it to avoid triggering U.S. income taxes and European withholding taxes on its foreign income. How did they do it? Are using tax havens in this way legal?


Beware of the Newest IRS Scams

  • 14 May 2019
  • Author: Cari Holbrook
  • Number of views: 134
  • 0 Comments
Beware of the Newest IRS Scams

Did you get a hostile call from the IRS about owing money? Did Uncle Sam email you a tax transcript? You are being scammed. Over the past few months, the IRS has issued notifications of new scams that are costing taxpayers millions. They include:


More Lessons on Jury Awards Taxed as Ordinary Income

  • 9 May 2019
  • Author: Cari Holbrook
  • Number of views: 141
  • 0 Comments
More Lessons on Jury Awards Taxed as Ordinary Income

A recent court ruling held that a jury award of tort damages (including interest) that a cattle and dairy farmer received in a stray voltage lawsuit were ordinary income which should have been included in the farmer’s taxable income; thereby increasing his taxes. An important lesson in this case includes the tax price of winning a court case.


Forensic Accounting Lessons from the College Admissions Scandal

  • 23 April 2019
  • Author: Cari Holbrook
  • Number of views: 282
  • 0 Comments
Forensic Accounting Lessons from the College Admissions Scandal

If the recent college admissions scandal has you scratching your head wondering, “how did they get away with it for so long, and how was it uncovered,” wonder no more. There’s no doubt that forensic accountants played a role, and what they did to uncover the payoffs might save your own business one day.


RSS
12345678910Last

Expertise

When you hire Steven Bankler and his team of certified public accountants, you get seasoned, knowledgeable CPAs.

The IAPA International LogoRather than experienced bookkeepers, promising CPAs-in-training or studious interns in the process of completing their accounting degrees, you get professional CPAs. We Solve Problems. We provide creative solutions to our clients’ unique problems including tax and estate planning, forensic accounting, expert witness and litigation support.

Testimonials

Curriculum Vitae

Quoted Opinions

Newsletter Signup

First Name:
Last Name:
E-Mail: