Ken Berry | AccountingWEB

Member Since: Dec 23rd 2013

Columnist

Recognition

Thanks: 0

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 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...

IRS

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...

IRS

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...

IRS

Apr 22nd 2019

IRS Announces New Plan to Modernize Operations

After repeated calls from members of the tax community--including National Taxpayer Advocate Nina E. Olson--the IRS has released a new six-...

IRS

Apr 17th 2019

Do You Know Where Your Tax Home Is?

The tax law says you can deduct your travel expenses, including transportation and lodging, when you’re away from home on business. But do...

Individuals