Author Archives: Berger

Here is a scenario that might interest you. Say, you bought stock in 2022 for $17,000, and in 2024 you sold it to your daughter at fair market value for $9,000.

Here is a question put forward by an S Corporation businessman. He runs an S Corporation and the corporation reimburses for the use of his personal vehicle. He bought the vehicle in 2022…

It is but natural to rely on your certified public accountant (CPA) or tax professional to file your returns electronically.

Section 529 College savings plan account allows you to accumulate federal income tax-free earnings. You can use these federal income tax-free

If you have made an improper employee retention credit (ERC) claim, received improper cash, and put that improper cash in your bank account,

Tax law discriminates company owners by giving them zero or fewer fringe benefits. There is a way out of this discrimination when it comes to supper money.

Suppose you meet a tax practitioner for the first time to manage your tax filing requirements.

If you are a business selling goods and services and get paid through third party settlement organization (TPSO) like PayPal, then be updated, IRS has changed the likelihood….

The safe harbor rule allows cash-basis taxpayers to prepay and deduct qualifying expenses up to 12 months in advance without challenge, adjustment…

Being aware of taxes while gambling is crucial to protect your finances. This post will explain the federal income tax rules for non-professional gamblers.