Western CPE Blogs

Written by industry professionals on the latest trends and changes in the accounting landscape. Our CPE courses offer comprehensive instruction taught by the same instructors that author our blog posts.

eTax Alerts

Two CPAs in Trouble for Aiding and Abetting the Filing of False Tax Returns
November 26, 2018
Two CPAs in Trouble for Aiding and Abetting the Filing of False Tax Returns Marc Berger, CPA. Marc Berger, CPA. Marc Berger was convicted of three counts of aiding and abetting the filing of false tax returns for his client, Steve Burrill.
Dividing Business Functions to Avoid the Specified Services Limitations for the QBI Deduction
November 26, 2018
An individual with “specified service” income cannot benefit from the new Qualified Business Income (QBI) deduction if the individual has taxable income in excess of a threshold. Therefore, those in a specified service trade or business who have taxable income above $157,500 ($315,000 MFJ) are subject to a phase-out of their QBI deduction, and at taxable income of $207,500 ($415,000 MFJ), they cannot claim any QBI deduction.
Specified Services and the QBI Deduction
October 03, 2018
An individual with “specified service” income cannot benefit from the new Qualified Business Income (QBI) deduction if the individual has taxable income in excess of a threshold. Therefore, those in a specified service trade or business who have taxable income above $157,500 ($315,000 MFJ) are subject to a phase-out of their QBI deduction and at taxable income of $207,500 ($415,000 MFJ), they cannot claim any QBI deduction.
IRS Releases Draft of 2019 Form W-4
August 01, 2018
The draft Form W-4 is only two pages (the 2018 Form W-4 is four pages.) The "Personal Allowances Worksheet," the "Deductions, Adjustments and Additional Income Worksheet," and the "Two-Earners/Multiple Jobs Worksheet" have all been eliminated.
ACA Employer Penalty Letter 226-J Needs Response Within 30 Days
August 01, 2018
The IRS has begun enforcement of the ACA employer mandate. Applicable Large Employers (ALEs) must provide affordable, minimum essential health insurance coverage to their full time employees or be subject to a §4980H penalty. The letter generally applies to the tax year 2015. Although 2016 notices are expected by year end.

Accounting Tips

Marketing for CPAs, Accountants, and Tax Professionals
November 21, 2018
Are you looking for solutions for marketing and growing your tax and accounting firm? Did you know 30% of mobile searches are related to a location? If someone searches for “cpa firms near me” on Google, and you are not there in the top results, you just lost a potential customer.
Instructor Spotlight: Jeff Sailor, CPA
February 22, 2018
Jeff’s unrelenting energy is palpable as he talks about professional development—as a speaker, a business professional, and an individual.
Cryptocurrency Generation and Taxation
January 31, 2018
New cryptocurrency investors and CPAs alike have questions about how digital currency tokens are created, traded, and taxed. Below, we’ll give an overview of how miners acquire derivatives of a cryptocurrency token, as well as a brief synopsis of what the IRS has said so far regarding the taxation of gains on the trading of digital currencies.
Blockchains, Cryptocurrencies, and Bitcoin
January 24, 2018
With the exponential rise in the value of Bitcoin over the last year, interest in cryptocurrencies is higher than ever. Investors, CPAs, and the IRS are all trying to figure out what it means and where we’re headed. The truth is, no one is entirely sure. But, what is certain is that cryptocurrencies aren’t going anywhere and will prove to be a disruptive technology in coming years.
Charitable Deductions
August 07, 2017
Don’t stop reading this important Tax Court decision because the charity deduction is so big – none of my clients donate that much – or because the taxpayer claimed outrageous FMV on the donated property – I’d never let my client get that greedy. Instead, read to the end to find out that the Tax Court disallowed the entire charitable deduction because there was an omission on the Form 8283. Did I forget to completely fill in the form? The court didn’t care if the omission was intentional or unintentional. The deduction was disallowed.