Ken Berry, JD

August 4, 2022 

To qualify to use a SIMPLE, the business can’t employ more than 100 workers. This includes any employees who earned at least $5,000 in the previous year.

Ken Berry, JD

August 3, 2022 

Contributions are invested and can grow and compound within your account without any current tax until withdrawals are made. This is an easy type of retirement plan to set up and maintain. 

Ken Berry, JD

July 29, 2022 

It also includes significant tax changes, although a tougher international tax regime and a controversial “millionaire’s tax” are notably missing from the final version of the bill.

Ken Berry, JD

July 18, 2022 

It just got a little easier for wealthy families to benefit from a favorable estate tax break. In a new ruling, the IRS has extended the time for making the simplified ...

Ken Berry, JD

July 18, 2022 

Many provisions in the tax law are indexed for inflation, so they go up virtually every year. Yet there are several interesting twists and turns for taxpayers.

Ken Berry, JD

June 20, 2022 

The Tax Blotter is a round-up of recent taxation news.

Ken Berry, JD

February 23, 2022 

The Tax Blotter is a round-up of brief tax news.

Ken Berry, JD

January 8, 2022 

If your small business receives payments from Venmo, PayPal or other third-party networks, you could be in for a rude surprise next year. Under a little-publicized provision in the American Rescue Plan Act (ARPA), providers must begin reporting to the ...

Ken Berry, JD

September 27, 2021 

So will the 2022 tax filing season be normal? Not likely. In addition to lasting health concerns, a number of new tax law provisions will create complications for some filers, as well as potential pitfalls to avoid. And maybe new tax laws by year's end.

Ken Berry, JD

August 16, 2021 

Intuit, producer of the popular TurboTax filing program, has announced that it will no longer participate in the IRS’ Free File Alliance that provides free filing services to qualified taxpayers.

Ken Berry, JD

December 9, 2020 

It’s harvest time again. Traditionally, at the end of the year investors realize or “harvest” capital losses or gains from sales of securities to secure tax advantages. And, with the tumultuous times we’ve experienced in 2020, there are more ...

Ken Berry, JD

December 8, 2020 

Normally, retirees in their seventies or older arrange to receive required minimum distributions (RMDs) from retirement accounts at the end of the year. Otherwise, they could be held liable for a severe tax penalty, on top of the ...

Ken Berry, JD