jasoncoopercpa.com RSS Feed https://jasoncoopercpa.com/ Take a look at our recent blog posts and client newsletter articles. en-us Fri, 01 Oct 2021 09:00:00 -0500 Fri, 01 Oct 2021 09:00:00 -0500 Use These Strategies To Pass on Wealth to Heirs https://www.jasoncoopercpa.com/newsletter.php#4 Low interest rates and a volatile stock market create additional opportunities for wealthy individuals to transfer money to heirs tax-free. Fri, 01 Oct 2021 09:00:00 -0500 https://www.jasoncoopercpa.com/newsletter.php#4 Small Business: Tips for Ensuring Financial Success https://www.jasoncoopercpa.com/newsletter.php#2 Learn how cost accounting helps you make smarter business decisions and lead you to financial success. Fri, 01 Oct 2021 09:00:00 -0500 https://www.jasoncoopercpa.com/newsletter.php#2 Marginal vs. Effective Tax Rates https://www.jasoncoopercpa.com/newsletter.php#1 Understanding marginal and effective tax rates is important for tax planning purposes, but many taxpayers don't fully understand the difference. Fri, 01 Oct 2021 09:00:00 -0500 https://www.jasoncoopercpa.com/newsletter.php#1 If You Receive an IRS Letter or Notice https://www.jasoncoopercpa.com/newsletter.php#5 The IRS sends millions of letters and notices to taxpayers for a variety of reasons. Many of these letters and notices can be dealt with without calling or visiting an IRS office. Fri, 01 Oct 2021 09:00:00 -0500 https://www.jasoncoopercpa.com/newsletter.php#5 Defer Capital Gains Using Like-Kind Exchanges https://www.jasoncoopercpa.com/newsletter.php#3 If real estate's your game, did you know that it's possible to defer capital gains by taking advantage of a Section 1031 exchange that allows you to swap investment property on a tax-deferred basis? Fri, 01 Oct 2021 09:00:00 -0500 https://www.jasoncoopercpa.com/newsletter.php#3 What Is a Designated Roth Account? https://www.jasoncoopercpa.com/newsletter.php#2 If you are a high-income earner who participates in a 401(k), 403(b), or governmental 457(b) retirement plan that has a designated Roth account, making contributions to that account could be a smart move. Wed, 01 Sep 2021 09:00:00 -0500 https://www.jasoncoopercpa.com/newsletter.php#2 Verifying Your Identity When Calling the IRS https://www.jasoncoopercpa.com/newsletter.php#4 If you need to contact the IRS, you will be asked to verify your identity. Here's what you need to know before you call. Wed, 01 Sep 2021 09:00:00 -0500 https://www.jasoncoopercpa.com/newsletter.php#4 Tax Rules for Divorce and Alimony Payments https://www.jasoncoopercpa.com/newsletter.php#5 Tax rules regarding divorce and separation can and do change - as they recently did under tax reform - and the last thing on anyone's mind during a divorce or separation is its effect on their tax situation. Wed, 01 Sep 2021 09:00:00 -0500 https://www.jasoncoopercpa.com/newsletter.php#5 Tax Relief for Those Affected by Natural Disasters https://www.jasoncoopercpa.com/newsletter.php#1 Tax relief may be available if you've been affected by a natural disaster this year, but only if you meet certain conditions. Wed, 01 Sep 2021 09:00:00 -0500 https://www.jasoncoopercpa.com/newsletter.php#1 Six Things To Know Before You Start a Business https://www.jasoncoopercpa.com/newsletter.php#3 Starting your own business is an exciting prospect, but there is more to it than simply writing a business plan. Wed, 01 Sep 2021 09:00:00 -0500 https://www.jasoncoopercpa.com/newsletter.php#3 Jason Cooper, CPA PROfiled by Bentley University https://jasoncoopercpa.com/blog.php?id=108 Bentley University Profiles Jason Cooper, CPA Thu, 17 Oct 2019 09:00:00 -0500 https://jasoncoopercpa.com/blog.php?id=108 New Tax Law - Charitable Deductions https://jasoncoopercpa.com/blog.php?id=107 The increased standard deduction means less taxpayers will be itemizing tax return deductions. Mon, 13 May 2019 09:00:00 -0500 https://jasoncoopercpa.com/blog.php?id=107 Blog Returns After 2019 Tax Season https://jasoncoopercpa.com/blog.php?id=106 We will return after tax season Thu, 06 Dec 2018 09:00:00 -0600 https://jasoncoopercpa.com/blog.php?id=106 New Tax Law - IRS Clarification on Specific Service Trade of Business for Reputation or Skill of Owner https://jasoncoopercpa.com/blog.php?id=105 One of the definitions from the new tax law of a service trade or business is, รข??any trade or business where the principal asset Thu, 08 Nov 2018 09:00:00 -0600 https://jasoncoopercpa.com/blog.php?id=105 New Tax Law - Misc. Itemized Deductions No Longer Allowed https://jasoncoopercpa.com/blog.php?id=104 The Tax Cuts and Jobs Act has done away with the deduction for Miscellaneous Itemized Deductions. Thu, 11 Oct 2018 09:00:00 -0500 https://jasoncoopercpa.com/blog.php?id=104 New Tax Law - 529 Plans https://jasoncoopercpa.com/blog.php?id=103 529 plans have received additional tax benefits with the passing of the Tax Cuts and Jobs Act. Fri, 21 Sep 2018 09:00:00 -0500 https://jasoncoopercpa.com/blog.php?id=103 New Tax Law Entertainment Expenses https://jasoncoopercpa.com/blog.php?id=102 The new tax law has eliminated the ability for businesses to deduct most entertainment expenses Mon, 20 Aug 2018 09:00:00 -0500 https://jasoncoopercpa.com/blog.php?id=102 New Tax Law - Individual Tax Changes https://jasoncoopercpa.com/blog.php?id=101 The Tax Cuts and Jobs Act (TCJA) has created various changes that will affect personal tax returns. Tue, 17 Jul 2018 09:00:00 -0500 https://jasoncoopercpa.com/blog.php?id=101 New Tax Law - Child Tax Credit https://jasoncoopercpa.com/blog.php?id=100 The new tax law created additional child tax credits for taxpayers with children under 17 years old. Thu, 28 Jun 2018 09:00:00 -0500 https://jasoncoopercpa.com/blog.php?id=100 New Tax Law and Small Business Owners https://jasoncoopercpa.com/blog.php?id=99 The new tax law that passed on December 22, 2017 Tue, 15 May 2018 09:00:00 -0500 https://jasoncoopercpa.com/blog.php?id=99 Tax Season Break https://jasoncoopercpa.com/blog.php?id=98 Will Begin after tax season Tue, 12 Dec 2017 09:00:00 -0600 https://jasoncoopercpa.com/blog.php?id=98 Are Sole Proprietor\'s Employees of Their Own Business? https://jasoncoopercpa.com/blog.php?id=97 Sole Proprietor's are not considered employees of their business Mon, 06 Nov 2017 09:00:00 -0600 https://jasoncoopercpa.com/blog.php?id=97 Tax Filing for Sole Proprietor https://jasoncoopercpa.com/blog.php?id=96 Many different types of businesses could qualify as a sole proprietor. Thu, 26 Oct 2017 09:00:00 -0500 https://jasoncoopercpa.com/blog.php?id=96 Boston Bruins Win Case Against IRS for Pregame Meals Tax Deduction https://jasoncoopercpa.com/blog.php?id=95 In normal course of business, the IRS disallows 50% of meals and entertainment expenses that a business incurs. Mon, 18 Sep 2017 09:00:00 -0500 https://jasoncoopercpa.com/blog.php?id=95 Small Business Items to Get Caught Up On https://jasoncoopercpa.com/blog.php?id=94 Many small businesses owners find themselves dealing with the summer lull Mon, 14 Aug 2017 09:00:00 -0500 https://jasoncoopercpa.com/blog.php?id=94 Small business Owner and Bookkeeping https://jasoncoopercpa.com/blog.php?id=93 It is very important for a small business owner to have a strong bookkeeping strategy in place. Mon, 19 Jun 2017 09:00:00 -0500 https://jasoncoopercpa.com/blog.php?id=93 Allowable Deductions for Small Business Owners https://jasoncoopercpa.com/blog.php?id=92 Are you a small business owner and wonder what deductions you are allowed to take? Fri, 19 May 2017 09:00:00 -0500 https://jasoncoopercpa.com/blog.php?id=92 First Quarter Estimates https://jasoncoopercpa.com/blog.php?id=91 Many taxpayers who have small businesses and/or other income Tue, 25 Apr 2017 09:00:00 -0500 https://jasoncoopercpa.com/blog.php?id=91 Tax Blog https://jasoncoopercpa.com/blog.php?id=90 We will pick our tax blog back up after April 15, 2017! Tue, 03 Jan 2017 09:00:00 -0600 https://jasoncoopercpa.com/blog.php?id=90 Job Search Expenses https://jasoncoopercpa.com/blog.php?id=89 Taxpayers who are between jobs will often ask if job searching expenses can be deducted. Thu, 08 Dec 2016 09:00:00 -0600 https://jasoncoopercpa.com/blog.php?id=89 Trump Tax Plan https://jasoncoopercpa.com/blog.php?id=88 Donald Trump will be the next president of the United States, so let's take a look at the future president's vision on taxes. Wed, 09 Nov 2016 09:00:00 -0600 https://jasoncoopercpa.com/blog.php?id=88 Phishing Scams https://jasoncoopercpa.com/blog.php?id=87 identity theft is not going anywhere and there has been a great increase in phishing phone calls Wed, 19 Oct 2016 09:00:00 -0500 https://jasoncoopercpa.com/blog.php?id=87 Unreimbursed Employee Business Expenses https://jasoncoopercpa.com/blog.php?id=86 Many employees work for companies in which the employer does not reimburse the employee for certain expenses Wed, 28 Sep 2016 09:00:00 -0500 https://jasoncoopercpa.com/blog.php?id=86 2015 Path Act https://jasoncoopercpa.com/blog.php?id=85 Congress passed the Protecting Americans from Tax Hikes Act of 2015, also known as the PATH Act. Mon, 15 Aug 2016 09:00:00 -0500 https://jasoncoopercpa.com/blog.php?id=85 Educators Expense Deduction https://jasoncoopercpa.com/blog.php?id=84 2015 PATH ACTS permanently extends $250 educator's deduction Tue, 26 Jul 2016 09:00:00 -0500 https://jasoncoopercpa.com/blog.php?id=84 Next Years Tax Returns https://jasoncoopercpa.com/blog.php?id=83 Now is the time to start thinking about next year's tax return Thu, 16 Jun 2016 09:00:00 -0500 https://jasoncoopercpa.com/blog.php?id=83 Tax Season Blog Break https://jasoncoopercpa.com/blog.php?id=82 We will be taking a break from our monthly blog during tax season. See you after April 15th! Fri, 08 Jan 2016 09:00:00 -0600 https://jasoncoopercpa.com/blog.php?id=82 Year-End Planning and Capital Losses https://jasoncoopercpa.com/blog.php?id=81 December 31 is quickly approaching and now is the time to consider year-end tax planning strategies. One important strategy to consider is utilizing capital losses to offset capital gains in a taxpayer's taxable portfolio. Tue, 08 Dec 2015 09:00:00 -0600 https://jasoncoopercpa.com/blog.php?id=81 Changes to IRA Rollovers https://jasoncoopercpa.com/blog.php?id=80 Starting in 2015, there is a major change to IRA Rollovers which will only allow one IRA rollover in the calendar year. Tue, 03 Nov 2015 09:00:00 -0600 https://jasoncoopercpa.com/blog.php?id=80 Partnership and C-Corporation Due Date Changes https://jasoncoopercpa.com/blog.php?id=79 The Internal Revenue Service recently released proposed regulations which will move the tax return filing due date for Partnerships from April 15 to March 15 and the tax return filing due date for C-Corps from March 15 to April 15. Mon, 19 Oct 2015 09:00:00 -0500 https://jasoncoopercpa.com/blog.php?id=79 Using Credit Cards to Pay Taxes https://jasoncoopercpa.com/blog.php?id=78 Many taxpayer's prefer to pay any type of bill with a credit card, and this includes a taxpayer's tax bill due to the Internal Revenue Service (IRS). Tue, 22 Sep 2015 09:00:00 -0500 https://jasoncoopercpa.com/blog.php?id=78 Treasury Regulations https://jasoncoopercpa.com/blog.php?id=77 Tax law can be very confusing, especially with the various government authorities that oversee taxation in the United States. Mon, 10 Aug 2015 09:00:00 -0500 https://jasoncoopercpa.com/blog.php?id=77 IRS wait times Increased https://jasoncoopercpa.com/blog.php?id=76 Nobody enjoys wait times, whether it be at the RMV, convenience store, or especially on hold with the Internal Revenue Service (IRS). The Treasury Inspector General for Tax Administration (TIGTA) recently concluded that the average wait time for a taxpayer's call to be answered during tax season was 24.6 minutes. This was up significantly from the prior tax season, which saw an average wait time of 11.7 minutes. There is no clear explanation why wait times increased so much, but this can very frustrating for taxpayer's, many who are already nervous over filing taxes. Wed, 15 Jul 2015 09:00:00 -0500 https://jasoncoopercpa.com/blog.php?id=76 Settlement Fees and Rental Property Basis https://jasoncoopercpa.com/blog.php?id=75 Many taxpayer's have owned rental property during their lifetime and one of the first questions asked is what settlement fees from when I purchased the property can be included in the "basis" of the property? Factoring in the proper amount of settlement fees when a rental property is purchased is very important as these fees will directly impact the taxable gain or loss on the property. IRS publication 527 lists certain settlement fees that can be added to the rental property's basis and other settlement fees that are disallowed. Below is a summary from IRS Publication 527 of settlement fees that can and cannot be include in property's basis when the property is purchased Tue, 02 Jun 2015 09:00:00 -0500 https://jasoncoopercpa.com/blog.php?id=75 Charitable Contributions and Items to Consider https://jasoncoopercpa.com/blog.php?id=74 Many taxpayers donate to charities without realizing some of the important tax items that go along with deducting a charitable donation. The IRS sets certain criteria to allow an individual to deduct a charitable donation. First, the donation must be made to a qualified charity. Wed, 20 May 2015 09:00:00 -0500 https://jasoncoopercpa.com/blog.php?id=74 Extensions https://jasoncoopercpa.com/blog.php?id=73 With April 15th passing by, many taxpayers are on extension for different reasons. Some taxpayers have not received a K1 from an investment, while others have simply not been able to gather their tax information before April 15th to allow a tax filing. Wed, 29 Apr 2015 09:00:00 -0500 https://jasoncoopercpa.com/blog.php?id=73 Tax Season https://jasoncoopercpa.com/blog.php?id=72 Our tax blog will be taking an annual tax season break. Please check back in to read our blog after 2015 tax season! Thu, 08 Jan 2015 09:00:00 -0600 https://jasoncoopercpa.com/blog.php?id=72 Expiring Tax Credits and Deductions https://jasoncoopercpa.com/blog.php?id=71 Expiring Tax Credits and Deductions Fri, 12 Dec 2014 09:00:00 -0600 https://jasoncoopercpa.com/blog.php?id=71 Identity Theft and Tax Returns https://jasoncoopercpa.com/blog.php?id=70 Identity Theft and Tax Returns Thu, 06 Nov 2014 09:00:00 -0600 https://jasoncoopercpa.com/blog.php?id=70 Extension Deadline for Individuals - October 15 https://jasoncoopercpa.com/blog.php?id=69 Extension Deadline for Individuals - October 15 Thu, 09 Oct 2014 09:00:00 -0500 https://jasoncoopercpa.com/blog.php?id=69 IRS Scam Phone Calls https://jasoncoopercpa.com/blog.php?id=68 IRS Scam Phone Calls Thu, 18 Sep 2014 09:00:00 -0500 https://jasoncoopercpa.com/blog.php?id=68 Jason A. Cooper, CPA LLC Announces Move to Framingham https://jasoncoopercpa.com/blog.php?id=67 Jason A. Cooper, CPA LLC Announces Move to Framingham, Natick Mall, small businesses, tax and accounting services Wed, 27 Aug 2014 09:00:00 -0500 https://jasoncoopercpa.com/blog.php?id=67 Health Insurance Premiums on Taxpayer\'s W2 https://jasoncoopercpa.com/blog.php?id=66 Health Insurance Premiums on Taxpayer's W2 Thu, 10 Jul 2014 09:00:00 -0500 https://jasoncoopercpa.com/blog.php?id=66 2014 IRS Contribution Limits https://jasoncoopercpa.com/blog.php?id=65 2014 IRS Contribution Limits Fri, 06 Jun 2014 09:00:00 -0500 https://jasoncoopercpa.com/blog.php?id=65 Tax Related Items to Consider When Starting a Business https://jasoncoopercpa.com/blog.php?id=64 Tax Related Items to Consider When Starting a Business Wed, 14 May 2014 09:00:00 -0500 https://jasoncoopercpa.com/blog.php?id=64 Our Blog Will Return After Tax Season https://jasoncoopercpa.com/blog.php?id=63 Our Blog Will Return After Tax Season Mon, 03 Feb 2014 09:00:00 -0600 https://jasoncoopercpa.com/blog.php?id=63 Tax Organizers Sent out! https://jasoncoopercpa.com/blog.php?id=62 Tax Organizers Sent out! Wed, 08 Jan 2014 09:00:00 -0600 https://jasoncoopercpa.com/blog.php?id=62 Ways to Obtain IRS forms and Publications https://jasoncoopercpa.com/blog.php?id=61 Ways to Obtain IRS forms and Publications Tue, 10 Dec 2013 09:00:00 -0600 https://jasoncoopercpa.com/blog.php?id=61 Simplified Home Office Deduction https://jasoncoopercpa.com/blog.php?id=60 Simplified Home Office Deduction Tue, 05 Nov 2013 09:00:00 -0600 https://jasoncoopercpa.com/blog.php?id=60 October 15 Filing Deadline Reminder https://jasoncoopercpa.com/blog.php?id=59 October 15 Filing Deadline Reminder Mon, 14 Oct 2013 09:00:00 -0500 https://jasoncoopercpa.com/blog.php?id=59 Self-Employed Health Insurance Deduction https://jasoncoopercpa.com/blog.php?id=58 Self-Employed Health Insurance Deduction Thu, 12 Sep 2013 09:00:00 -0500 https://jasoncoopercpa.com/blog.php?id=58 Do Not Forgot About Education Tax Credits https://jasoncoopercpa.com/blog.php?id=57 Do not forgot about education tax credits Tue, 27 Aug 2013 09:00:00 -0500 https://jasoncoopercpa.com/blog.php?id=57 What Do I Do If I Receive a Notice From The IRS? https://jasoncoopercpa.com/blog.php?id=56 What Do I Do If I Receive a Notice From The IRS? Thu, 25 Jul 2013 09:00:00 -0500 https://jasoncoopercpa.com/blog.php?id=56 Self-Employed tax items https://jasoncoopercpa.com/blog.php?id=55 Self-Employed tax items Thu, 20 Jun 2013 09:00:00 -0500 https://jasoncoopercpa.com/blog.php?id=55 Blog Returning After Tax Season https://jasoncoopercpa.com/blog.php?id=54 Blog Returning After Tax Season Thu, 10 Jan 2013 09:00:00 -0600 https://jasoncoopercpa.com/blog.php?id=54 Do Not Forget About the Payroll Tax Cut https://jasoncoopercpa.com/blog.php?id=53 Do not forget about the payroll tax cut Mon, 10 Dec 2012 09:00:00 -0600 https://jasoncoopercpa.com/blog.php?id=53 What if I cannot find a copy of my tax return? https://jasoncoopercpa.com/blog.php?id=52 What if I cannot find a copy of my tax return? Wed, 07 Nov 2012 09:00:00 -0600 https://jasoncoopercpa.com/blog.php?id=52 Recently Married Tax Items to Consider https://jasoncoopercpa.com/blog.php?id=51 Recently Married Tax Items to Consider Wed, 03 Oct 2012 09:00:00 -0500 https://jasoncoopercpa.com/blog.php?id=51 The Additional Medicare Tax https://jasoncoopercpa.com/blog.php?id=50 The Additional Medicare Tax Fri, 07 Sep 2012 09:00:00 -0500 https://jasoncoopercpa.com/blog.php?id=50 Can I claim my child as a dependent on my tax return no matter what my child\'s age is? https://jasoncoopercpa.com/blog.php?id=49 Can I claim my child as a dependent on my tax return no matter what my child's age is? Tue, 07 Aug 2012 09:00:00 -0500 https://jasoncoopercpa.com/blog.php?id=49 Notifying the IRS of an Address Change https://jasoncoopercpa.com/blog.php?id=48 Notifying the IRS of an Address Change Mon, 16 Jul 2012 09:00:00 -0500 https://jasoncoopercpa.com/blog.php?id=48 IRS and Social Media https://jasoncoopercpa.com/blog.php?id=47 IRS and Social Media Wed, 13 Jun 2012 09:00:00 -0500 https://jasoncoopercpa.com/blog.php?id=47 Is Interest Paid on Your Home Equity Line Deductible on Your Taxes? https://jasoncoopercpa.com/blog.php?id=46 Is Interest Paid on Your Home Equity Line Deductible on Your Taxes? Wed, 16 May 2012 09:00:00 -0500 https://jasoncoopercpa.com/blog.php?id=46 Using a "Tax Folder" can be quite helpful at tax time https://jasoncoopercpa.com/blog.php?id=45 Using a "Tax Folder" can be quite helpful at tax time Thu, 05 Jan 2012 09:00:00 -0600 https://jasoncoopercpa.com/blog.php?id=45 Three Year-End Tax Planning Ideas https://jasoncoopercpa.com/blog.php?id=44 Three Year-End Tax Planning Ideas Tue, 06 Dec 2011 09:00:00 -0600 https://jasoncoopercpa.com/blog.php?id=44 What are the benefits for you to E-file your tax return? https://jasoncoopercpa.com/blog.php?id=43 What are the benefits for you to E-file your tax return? Tue, 08 Nov 2011 09:00:00 -0600 https://jasoncoopercpa.com/blog.php?id=43 Is there a certain age limit in which I can claim my child as a dependent? https://jasoncoopercpa.com/blog.php?id=42 Wed, 05 Oct 2011 09:00:00 -0500 https://jasoncoopercpa.com/blog.php?id=42 Is the First-Time Homebuyer's Credit still available in 2011? https://jasoncoopercpa.com/blog.php?id=41 Tue, 06 Sep 2011 09:00:00 -0500 https://jasoncoopercpa.com/blog.php?id=41 Tax benefits of Going Green https://jasoncoopercpa.com/blog.php?id=40 Tax benefits of Going Green Mon, 25 Oct 2010 09:00:00 -0500 https://jasoncoopercpa.com/blog.php?id=40 Five Tax Deductions You May Not Know About https://jasoncoopercpa.com/blog.php?id=39 Five Tax Deductions You May Not Know About Tue, 14 Sep 2010 09:00:00 -0500 https://jasoncoopercpa.com/blog.php?id=39 How long should I keep important documents? https://jasoncoopercpa.com/blog.php?id=38 Please visit our record retention page for more information: (http://www.jasoncoopercpa.com/taxretention.php) Tue, 17 Aug 2010 09:00:00 -0500 https://jasoncoopercpa.com/blog.php?id=38 Firm Announcement of new blog https://jasoncoopercpa.com/blog.php?id=37 New firm blog coming soon! Wed, 28 Jul 2010 09:00:00 -0500 https://jasoncoopercpa.com/blog.php?id=37