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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.

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Benefits

Why Solo 401(k) Plans Have an Edge

For many years, self-employed individuals shied away from 401(k) plans. It was usually too costly and cumbersome to administer such a plan for just a single participant. But now the “solo 401(k)” is a more viable alternative for this segment of the ...

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Advisory

IRS to Go Where No Agency Has Gone Before

According to a new report by the Electronic Tax Administration Advisory Committee (ETAAC), the IRS has made significant strides on the electronic frontier, but the mission is far from complete.

Income Tax

IRS Ramps Up National Tax Forums

The 2015 IRS Nationwide Tax Forums offers seminars over three days featuring up-to-date information from the IRS and professional experts in the areas of tax law, compliance and ethics. It also provides continuing education credits to ...

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Advisory

IRS Summit Produces ID Theft Pact with Tax Software Companies

Three specialized groups were established with members from the IRS, states and private industry co-chairing and serving on each team. During the past 12 weeks, the three teams focused on developing ways to validate the authenticity of taxpayers ...

Benefits

Supreme Court Ruling on ObamaCare Means Business as Usual

The best advice that tax practitioners and business advisers can give their clients in the wake of the new Supreme Court decision on Obamacare is actually pretty simple: Keep doing what you’re doing.

Sales Tax

Online Sellers Face Sales Tax Complications

Raise your hand if you have one or more clients who recently started up an online business recently and are confused about the state sales tax implications. Now all of you (or at least most of you) can put your hands down.

Income Tax

IRS Data Breach Sets Off Alarms, FBI to Investigate

A serious security breach at the IRS has the agency scrambling to beef up its ID theft efforts while the public and lawmakers stew. The IRS announced on May 26 that hackers had gained access to the personal information of more than 100,000 American househ

Auditing

Here's What the IRS Does to People Who Fudge the Truth on Charitable Donations

Court nullifies $37,000 deduction for donations of used property to charities, then adds 20% penalty.

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Benefits

Split Decision on IRAs: Pub 590-B Covers Distribution Rules

The new Pub. 590-B applies to 2014 tax returns filed in 2015. Two aspects that have often befuddled taxpayers in the past are the RMD rules for Roth IRAs and the options available when inheriting traditional IRAs.

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Income Tax

4 Tax Saving Carry-Overs from 2014 Income Tax Returns

Usually, a transaction that occurs during the tax year is reflected on the tax return for that particular year. For instance, if you realize a capital loss on the sale of stock in 2015, the loss offsets tax liability on your 2015 return.

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Income Tax

President Obama's Income Tax Return Shows Drop in Earnings

In his sixth year in office, President Obama’s taxable income has continued to decline, according to his 2014 tax return.

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Benefits

GAO Weighs in on Mega IRA Controversy

Mega IRAs – the moniker given to retirement saving accounts with over-inflated values -- have become a popular target of critics and a potential revenue source for a cash-strapped Treasury Department. Now a new report by the Government Accountability ...