Skip to main content

Ken Berry, JD

CPA Practice Advisor Tax Correspondent

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.

Read more

venmo-1[1]

IRS to Track Business Payments Through PayPal, Venmo, Zelle

If your small business receives payments from Venmo, PayPal or other third-party networks, you could be in for a rude surprise next year. Under a little-publicized provision in the American Rescue Plan Act (ARPA), providers must begin reporting to the ...

tax-1351881_960_720_pixabay 905513

Benefits

Will the 2022 Income Tax Season be Normal?

So will the 2022 tax filing season be normal? Not likely. In addition to lasting health concerns, a number of new tax law provisions will create complications for some filers, as well as potential pitfalls to avoid. And maybe new tax laws by year's end.

Intuit Exits IRS Free File Alliance

Intuit, producer of the popular TurboTax filing program, has announced that it will no longer participate in the IRS’ Free File Alliance that provides free filing services to qualified taxpayers.

tax-1351881_960_720_pixabay 905513

How to Reap Tax Rewards by Year-End Harvesting of Capital Gains

It’s harvest time again. Traditionally, at the end of the year investors realize or “harvest” capital losses or gains from sales of securities to secure tax advantages. And, with the tumultuous times we’ve experienced in 2020, there are more ...

retirement_accounts

Retirement Tax Tips: How to Decide on RMDs for 2020

Normally, retirees in their seventies or older arrange to receive required minimum distributions (RMDs) from retirement accounts at the end of the year. Otherwise, they could be held liable for a severe tax penalty, on top of the ...

charitable-giving1_11445258[1]

New Tax Twists to Year-End Charitable Gifts in 2020

It’s customary to give to charity around the holidays at the end of the year. Not only does this benefit worthy causes, it can pay off with a bigger charitable deduction on your tax return.

Deductions

Don’t Miss This Opportunity for a Medical Deduction in 2020

Forget about it being your best shot at a medical deduction this year—it could be your last shot, depending on your personal situation. It all has to do with the threshold for deducting medical expenses.

taxes1_11350860[1]

Tax Changes Shake Up SALT Deductions

In the not-so-distant past, taxpayers who itemized could generally write off the full amount of state and local tax (SALT) payments, without any dollar restrictions. This often created a tax windfall for residents of states where income taxes or ...

Biden_Trump_2020.5f4e5c6451b67[1]

Benefits

Election 2020: Comparing the Biden and Trump Tax Plans

Now that the conventions of both major parties have wrapped up, we’re heading into the home stretch of the presidential election race. Naturally, taxes will be a major point of contention.

NewGroupPhoto_1_.5efb8ca75da28[1]

Who Really Won in the Supreme Court Rulings on Trump's Tax Returns?

The Court said in both cases that Trump isn’t granted immunity from such investigations just because he occupies the office of POTUS. Thus, at first glance, the president “lost” this legal battle, but the actual truth is more complex. The main sticking po

tax_refund_2_.58ad2540b4575

Accounting

IRS Sent Coronavirus Stimulus to Millions of Dead and Incarcerated Persons

The IRS has sent Coronavirus stimulus payments to deceased people by mistake. It’s unclear how many such checks have been delivered, but it’s thought to be significant, because about 2 million people in the U.S. die each year.

Coronavirus_Checks_Payments_Stimulus.5ea8760942764

IRS to Taxpayers: Act Now to Speed Up Stimulus Payments