Ken Berry, JD

April 14, 2015 

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

Ken Berry, JD

November 25, 2014 

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 ...

Ken Berry, JD

November 20, 2014 

There’s been much ado about the 55 tax extenders currently being debated by a lame-duck Congress. These tax law provisions, which are generally favorable to taxpayers, technically expired after 2013, but may be revived retroactive to ...

Ken Berry, JD

November 19, 2014 

Legislative proposals to curtail or eliminate the tax benefits of like-kind exchanges are in the works. With a lame-duck Congress finishing out this year and a brand-new class of lawmakers entering 2015, no one can be sure if this tax break will ...

Ken Berry, JD

November 14, 2014 

The portability provision can literally save a family millions of federal estate tax dollars if a timely election is made. For some clients who missed the boat, there’s still a little time left to sail off happily into the sunset, thanks to a special IRS

Ken Berry, JD

November 12, 2014 

Once the Tax Court ruled against a taxpayer in a controversial interpretation of the “once-a-year” rollover rule for IRAs, the IRS was only too willing and eager to jump on the bandwagon. But at least it delayed enforcement of the ruling until January 1, 2015. Now, under new guidance just issued by the IRS, procrastinators...…

Ken Berry, JD

November 6, 2014 

Do you have clients that began a business out of a spare bedroom, garage or basement? These entrepreneurs may start off as self-employed individuals, selling their wares on e-bay or etsy or at flea markets. In some cases, a humble beginning ...

Ken Berry, JD

November 5, 2014 

Now that the dust has settled from the mid-term elections – with the Republican party firmly in control of both houses of Congress – what are the prospects for comprehensive tax reform? Not as favorable as you might think. Although the GOP hopes to break

Ken Berry, JD

November 4, 2014 

Prior to 2014, parents could generally claim one of three sizeable tax breaks for higher education expenses on their personal tax returns: the tuition deduction, the American Opportunity Tax Credit (formerly the Hope scholarship credit) or the Lifetime Le

Ken Berry, JD

November 2, 2014 

If you haven’t converted a traditional IRA to a Roth by now, you’re probably never going to do it…right? That’s not necessarily true. In fact, some of your clients who have been sitting on the fence for awhile may be convinced to finally take the leap ...

Ken Berry, JD

October 29, 2014 

Make no mistake about it, the home office deduction rules are filled with potential landmines for the unwary. However, if you give clients the IRS-approved blueprint, they can preserve deductions for 2014.

Ken Berry, JD

October 28, 2014 

The ultimate fate of the Section 179 deduction remains unclear. As things stand now, the maximum allowance will remain at the lowest level it’s been since the year 2000, a mere $25,000. Of course, Congress may still get its act together to restore...

Ken Berry, JD