Ken Berry, JD

June 18, 2019 

Congress has just passed comprehensive new legislation designed to improve IRS efficiency and provide more taxpayer protections. President Trump is expected to sign the bill into law shortly.

Ken Berry, JD

June 4, 2019 

With the summer coming up soon, your small business clients may arrange to have their teenaged kids work for the firm instead of lounging around the pool. This can provide ta advantages for bot the family and the business.

Ken Berry, JD

May 1, 2019 

Snipes still owed $23.5 million in back taxes when he was set free. In order to resolve his tax debt, the actor made an OIC of $850,000, or about 4% of the amount he owed.

Ken Berry, JD

October 5, 2018 

As the “gig economy” continues to gain steam in the U.S., the IRS is lagging behind, according to a new report from the Treasury Inspector General of Tax Administration (TIGTA). The report focuses mainly on the classification of workers for payroll tax purposes (“Improvements to the SS-8 Program Are Needed to Help Workers and Improve...…

Ken Berry, JD

August 20, 2018 

Generally, employees can satisfy their annual tax obligations by having enough tax withheld from their paychecks during the course of the year. However, if you fail to pay enough tax, including both withholding and any quarterly installments, the IRS ...

Ken Berry, JD

July 20, 2018 

The provision in the new Tax Cuts and Jobs Act (TCJA) limiting itemized deductions for state and local taxes – known by the acronym of SALT – remains a sticky issue months after enactment of the law. Now four states along the eastern seaboard ...

Ken Berry, JD

June 25, 2018 

In a new case harkening back to the days of F.D.R., the U.S. Supreme Court decided by a narrow 5-4 vote that stock options paid to employees who were “working on the railroad” do not constitute taxable compensation (Wisconsin Central Ltd, v. U.S. ...

Ken Berry, JD

June 20, 2018 

The new tax law enacted late last year – the Tax Cuts and Jobs Act (TCJA) – includes a couple of key changes for real estate investors who are planning to renovate their properties. For one thing, the TCJA completely eliminates the rehabilitation ...

Ken Berry, JD

June 12, 2018 

Now the TCJA is opening up Section 529 plans to pre-college schooling. Beginning in 2018, the definition of qualified expenses is broadened to include tuition for enrollment at an elementary or secondary public, private or religious school.

Ken Berry, JD

May 15, 2018 

Lawmakers have attempted to address the issue several times. However, the Mobile Workforce State Income Tax Simplification Act, which was reintroduced into legislation last year, has failed to gain enough traction in Congress.

Ken Berry, JD

March 19, 2018 

IRAs have been around for more than half a century and an entire cottage industry has sprung up concerning the rules for contributions and distributions.

Ken Berry, JD

January 29, 2018 

The shutdown of the federal government on January 20 only lasted two days. But another deadline is looming: Uncle Sam will close up shop again on February 8 if Congress doesn’t take further action.

Ken Berry, JD