Ken Berry

Member Since: Dec 23rd 2013

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Bio

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.

Ken Berry

Jul 15th 2019

How Clients Can Max Out on the Section 199A Deduction

The new Section 199A deduction has led to considerable confusion and uncertainty among taxpayers and practitioners alike. At least new...

Business Tax

Jul 9th 2019

Why the TCJA Packs Even More Depreciation Punch

The Tax Cuts and Jobs Act (TCJA) combines powerful enhancements for the Section 179 “expensing” and “bonus” depreciation deductions. That’s...

Business Tax

Jul 1st 2019

Don’t Bury the Marriage Penalty Just Yet

To paraphrase Mark Twain, the reports of the death of the marriage penalty are greatly exaggerated. Although the Tax Cuts and Jobs Act (...

Individuals

Jun 25th 2019

The Shifting Deduction Landscape Under the TCJA

Before the Tax Cuts and Jobs Act (TCJA), most moderate-to-high-income taxpayers itemized deductions on Schedule A, rather than claiming the...

Individuals

Jun 19th 2019

When the IRS is Lenient on Early Plan Distribution

Generally, distributions from qualified retirement plans like 401(k) plans and IRAs are subject to a 10 percent penalty for early...

Individuals

May 30th 2019

Tax Court Approves IRS Denial of Installment Plan Request

The IRS has shown increasing willingness to work out installment agreements with individuals and business entities that could not meet...

May 28th 2019

Tax Court Allows Passive Activity Losses from a Distance

The tax law limits the benefits derived from certain “passive activities” where a taxpayer fails to “materially participate” in the...

May 22nd 2019

Taxpayer Ordered to Pay Back Premium Tax Credit

It’s likely that you’ve heard about the marriage penalty that applies to some couples when the spouses have relatively similar income...

Individuals

May 9th 2019

Why Clients Should Keep Business Accounts Separate

Small business owners must operate in a business-like fashion to realize the tax breaks at their disposal. For instance, if certain...

Business Tax

Apr 29th 2019

When Legal Fees Aren’t Strictly Business

Can a taxpayer deduct his or her legal fees? The answer, in short, is “it depends.” As evidenced by a new case, Ray 2019-36, 4/15/19 , it...