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3.13.2003
Bill Rucci, Jr., founding partner of the Boston-based
CPA firm Rucci, Bardaro & Barrett, appeared on CNN broadcasts this
month and last to offer practical advice on taxation issues. Bill
was the featured guest on "Tax Break," the show's segment that explores
areas of concern to taxpayers and is moderated by David Haffenreffer,
Anchor of CNN's "Money Morning." Many of CNN's 73 million domestic
viewers tune in to the program daily for opinions on how international,
corporate and stock market events may affect their investment strategies
and lifestyle.
The show's call-in format allowed Bill to address
questions live from viewers. Bill, a CPA whose background includes
a Master in Taxation, as well as over 20 years of expertise in the
field of money management for corporations and individuals, fielded
questions ranging from deductions for education and business losses
to the rationale for paying taxes on Social Security Benefits.
A number of callers were concerned with e-filing
and how it affects documentation. Bill reported that like many technologically
advanced CPA firms, his own now submits tax returns to clients on
CDs, eliminating the "fat folder" paper storage burden and streamlining
efficiencies for all concerned. As for what to watch for in 2003,
Bill offered his perspective: "More audits for the self-employed,
especially for top earners in the $75K+ category."
RBB is a four-partner CPA and business advisory
firm located in Malden, MA, that specializes in anticipating and
creating opportunity for entrepreneurial companies. It is the Boston-area
affiliate of Russell Bedford International, Inc. (RBI), a worldwide
accountancy network of member firms in more than 50 countries.
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