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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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Auditing

Federal Judge Dismisses IRS Lawsuit, Moves Tea Party Scandal to Back Burner

The ongoing “Tea Party” scandal has appeared to loose some steam after a federal judge in the nation’s capital tossed out a lawsuit aimed by conservative nonprofit groups against the IRS (True the Vote, Inc. v. IRS, DC- Dist. Of Columbia, Civil Action No.

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How to Get the Best Tax Results from Capital Gains and Losses

The end of the year often turns into “harvest time” for tax-savvy investors. By harvesting either capital gains or capital losses from securities transactions, depending on their situation, they can reap tax rewards when they file their returns.

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Income Tax

How to Max Out On Itemized Income Tax Deductions in 2014

Income Tax

How to Avoid or Even Take Advantage of the Alternative Minimum Tax (AMT)

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Income Tax

Special 2014 Year-End Tax Series

Are you the kind of tax practitioner who waits for business to walk in the door or do you actively pursue it on your own? Usually, the former will result in flat revenue while the latter enables you to better build and grow your practice.

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Income Tax

How to Pull Deductions Into TY 2014 and Push Income Into TY 2015

Naturally, everyone’s tax situation is different and the landscape changes year to year. However, absent special circumstances such as pending legislation or drastic economic swings, the tried-and-true strategy of accelerating deductions into ...

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Benefits

6 Major Tax and Financial Implications of Gay Marriage Ruling

What are the tax and financial issues of the Supreme Court's decision not to overturn gay marriage rulings in several new states? Although certain aspects are still being sorted out, here’s a brief summary of the lay of the land in several key areas.

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Accounting

IRS Issues New Rules for Local Hotel Expenses

Normally, a taxpayer may deduct travel expenses, including the cost of lodging, only when he or she is “away from home” on business. For this purpose, home means your tax home, usually the area surrounding your principal place of business ...

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Accounting

The Three Rs of Travel & Entertainment Deductions: Records, Records and More Records

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Income Tax

IRS Concedes Defeat on Circular 230 Contingent Fees

The IRS has decided it won’t appeal a recent court ruling handed down in favor of Ryan, a global tax preparation services firm, that invalidates and permanently enjoins the IRS from prohibiting such arrangements for refund claims and amended returns.

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Accounting

How Per Diem Rates Can Simplify Travel Expense Reporting

The IRS has just announced new federal per diem travel rates for Fiscal Year 2015 (FY 2015), which spans October 1, 2014 through September 30, 2015. Unlike many other previous years, when per diem rates were typically bumped up just a dollar or two or not

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Accounting

3 Must-Know Tips for Deducting Business Entertainment

There’s nothing new about taxpayers mixing business with pleasure. For instance, a business executive might paint the town red after he or she signs a six-figure contract with a client or customer. Is the cost of entertaining the client or customer ...