Ken Berry, Esq., is a nationally-known writer and editor specializing in tax and financial planning matters. During a career of more than 35 years, he has served as managing editor of a publisher of content-based marketing tools and vice president of an online continuing education company in the financial services industry. As a freelance writer, Ken has authored thousands of articles for a wide variety of newsletters, magazines and other periodicals, emphasizing a sense of wit and clarity.
Taxes January 12, 2024
A special needs trust is an irrevocable trust that supplements public assistance benefits available to a disabled child. Assets and income can be used to pay for items like travel, education, recreation, rehabilitation and medical expenses that aren’t covered by public assistance.
Taxes January 2, 2024
Not everyone who was entitled to an EIP was able to collect the full amount they were owed. Either they didn’t receive the correct amount or they didn’t get a payment at all.
Tax Planning December 29, 2023
Depending on your situation, you might elect to forgo preferential tax treatment on certain long-term capital gains and qualified dividends in favor of deducting investment interest expenses.
Taxes December 28, 2023
Under the “ordering rules” established under IRS regulations, most of the payout of a nonqualified Roth distribution may be tax-free anyway—maybe even all of it.
Taxes December 27, 2023
The annual gift tax exclusion allows you to gift up to a specified amount to each recipient each year without any gift tax liability.
Taxes December 21, 2023
Instead of deals designed to generate losses in the formative years of a limited partnership, a PIG is set up to start churning out income right away.
Taxes December 20, 2023
The tax law allows you to deduct contributions made to qualified charitable organizations, within generous limits, but only if you itemize deductions.
Taxes November 3, 2023
This technique can be especially beneficial at the end of the year when you may be looking to offset highly-taxed income.
Taxes November 2, 2023
Your gains and losses are short-term or long-term. Short-term loses reflect sales of assets held a year or less. Long-term gains are for sales of assets held longer than a year.
Payroll November 2, 2023
Of course, every situation different, but the conventional wisdom is to withdraw from taxable accounts first, tax-deferred accounts second and tax-free accounts third.
Taxes November 2, 2023
Because employees are insured as a group, the overall cost is less expensive than it would be for individual policies.
Taxes November 1, 2023
Families may be eligible for certain tax benefits along the way. Here are five of the main tax breaks on the books.
