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.
Alimony paid by a taxpayer is deductible while child support is not. Conversely, alimony payments are taxable to the recipient, while amounts paid for child support...
The Section 529 plan is a popular way for parents and grandparents to provide college funding for the younger generation. But suppose you’re the one thinking...
Usually, you have to be traveling “away from home” on business to deduct lodging expenses. But that’s not always the case. The IRS has issued new final...
The tax rules for substantiating business travel expenses are a major hassle, but there’s a way to avoid some of the headaches. Rely on this record-keeping...
During the past few years, Congress has failed to agree on legislation that would derail a powerful estate planning technique for small business owners. Strategy: Set...
Can you deduct the cost of fancy clothing you must wear to company events? Generally, the answer is “no.” Deductions for work clothes are permitted only...
The IRS issued new final capitalization regulations late last year. Generally, amounts paid to improve tangible property must be capitalized and depreciated over time,...
Taxpayers once were able to use losses from real estate, cattle breeding, oil and gas and equipment leasing deals to offset highly taxed income. Then the government...
While legislative efforts to extend a six-figure Section 179 deduction seem to have stalled in Congress, business owners are left in a quandary. Should you buy...
If you’re a corporate employee, you may not qualify for home office deductions, even though you frequently work from home. Strategy: Have your company rent the...
