Ken Berry

Member Since: Dec 23rd 2013
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Ken Berry, Esq., is a nationally known writer and editor specializing in tax, financial, and legal matters. During his long career, he has served as managing editor of a publisher of content-based marketing tools and vice president of an online continuing education company. As a freelance writer, Ken has authored thousands of articles for a wide variety of newsletters, magazines, and other periodicals.
Jan 7th 2021
PPP Loan Expense Deductions Now Approved
The new economic relief law enacted late last year—the Consolidated Appropriations Act—clarified that expenses paid by business entities...
Business Tax
Jan 4th 2021
New IRS Stimulus Tax Breaks and Economic Relief
The changes in the economic relief law are many, so the following is just a brief overview of a dozen key changes contained within: 1...
IRS
Dec 22nd 2020
IRS Asks Volunteer Tax Preparers to Step Forward
The IRS in a new YouTube video, emphasizes safety and social distancing— along with virtual options— while encouraging volunteers to...
IRS
Dec 8th 2020
Real Estate Owner Can’t Fit Under Tax Threshold
Taxpayers who own and rent out real estate may not be able to deduct losses due to the complex rules for passive activities. In a new case...
IRS
Dec 2nd 2020
IRS Decides New Tax Home Case on Individual Basis
Do you know where your ”tax home” is? It’s not necessarily the place where you reside most of the time. In a new case, Cutting, TC Memo...
IRS
Nov 20th 2020
IRS Issues Tax Guidance on PPP Loans
The CARES Act says PPP loans may be forgiven without any tax consequences. The new ruling and accompanying revenue procedure ( Rev. Rul...
IRS
Nov 18th 2020
Tax Twist to Charitable Deduction for Nonitemizers
In the past, the “marriage penalty” has plagued certain married couples that file joint tax returns. Despite certain changes in the Tax...
Individuals
Nov 13th 2020
Gambler Plays Winning Hand in Tax Court Case
The IRS often contests claims for gambling losses and, more often than not, prevails in the courts. Frequently, the reason is that the...
IRS
Nov 2nd 2020
IRS Guidance on Reporting Payroll Tax Deferral
The tax form changes relate back to an executive order issued by President Trump in August. The order authorized employers to choose to...
IRS
Oct 27th 2020
Are IRS Tax Inflation Adjustments for 2021 Scary?
The tax rates for individuals remain the same in 2021 as they were in 2020. The dollar figures for brackets are adjusted upwards slightly...
IRS