Ken Berry, Esq., is a nationally-known writer and editor specializing in tax and financial planning matters. During a career of more than 35 years, he has served as managing editor of a publisher of content-based marketing tools and vice president of an online continuing education company in the financial services industry. As a freelance writer, Ken has authored thousands of articles for a wide variety of newsletters, magazines and other periodicals, emphasizing a sense of wit and clarity.
Taxes July 17, 2023
A frivolous claim is one that is used to support an unreasonable entry on your returns or the failure to file a return. Numerous such claims have been shot down by the IRS, as well as the courts, in recent years.
Taxes July 9, 2023
Qualified deductible expenses include the cost of books, tuition, food, clothing, transportation, medical and dental care, entertainment and other amounts actually spent for the student's well being.
July 6, 2023
Be aware, however, that this special tax treatment isn’t automatic. To qualify for Section 1244 treatment, the following four main requirements must be met.
Taxes July 6, 2023
But Section 529 plans don’t have to be used only for your kids. One can be set up to reward virtually any beneficiary—including yourself!
Taxes June 15, 2023
Here are several key points about the home sale exclusion that you should know about before you hand over the keys.
Taxes June 15, 2023
The IRS is reminding taxpayers that they may qualify for expanded home energy credits in 2023 (IR-2023-97, 5/4/23) There are two types of credits.
Taxes June 15, 2023
Taxpayers can claim a limited deduction for gambling losses, but the IRS keeps close tabs on these write-offs.
Taxes June 14, 2023
When should you begin to make nondeductible contributions to your IRA?
Taxes June 14, 2023
Make sure you keep business use above the 50% level. In addition, maintain all the driving records required by the IRS.
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Taxes June 13, 2023
A self-employed individual may claim the foreign earned income exclusion on foreign earned self-employment income.
Taxes May 26, 2023
The IRS is actively auditing and conducting criminal investigations related to these false claims. People need to think twice before claiming this.
