Ken Berry is a nationally-known writer and editor specializing in tax, financial and retirement planning issues. During his long career, he has served as managing editor of a publisher of content-based marketing tools and vice president of an online continuing education company. As a freelance writer, Ken has authored thousands of articles for a wide variety of newsletters, magazines and other periodicals.
The CARES Act includes a number of tax relief measures to help the country get through the COVID-19 crises. Here are ten ways to benefit from tax provisions in the new...
It’s an age-old question with a new twist: Should you buy or lease equipment and other business property? While the Tax Cuts and Jobs Act improves the tax incentives...
Watch out for a new deduction limit for business interest. Under the Tax Cuts and Jobs Act, this deduction can’t exceed 30% of an affected business’s adjusted...
Suppose your teenaged child worked this past summer and raked in the money. Typically, your progeny might have an eye on the latest video game or smartphone, but there...
The trust fund penalty is one of the most onerous tax provisions on the books. The courts often come down hard on taxpayers. However, in a recent decision, the court...
Generally, you can only deduct losses from passive activities up to the amount of your income from passive activities for the year. But there are certain exceptions to...
Are you or someone else in your family buying a home? Mortgage interest rates are still favorable by historical standards, but you might decide to pay one or more...
Suppose that a family member has to move into an assisted living facility. Although nursing expenses are generally deductible as medical expenses, the lines can get...
The new Tax Cuts and Jobs Act reduces the tax benefits of net operating losses claimed by businesses. Strategy: When possible, time NOLs to your tax advantage. Depending...
The Tax Exempt Organization Search ... New tips on tips ... Online audits are coming ... Educational tax breaks to be consolidated ... Blue Book delayed
Although the new Tax Cuts and Jobs Act reduces exposure to the alternative minimum tax for millions of taxpayers for 2018-2025, it doesn’t provide complete protection....
Due to several changes in the Tax Cuts and Jobs Act, there is less tax incentive to give to charity. Because many taxpayers are no longer itemizing deductions, they will...
A taxpayer who opened an IRA with an investment account in the 1990s had spotty records from that time. However, he convinced the Tax Court that he was an active plan...
