Ken Berry - Profile and Journalist Details

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Total articles 472

• Tax Court Refutes PTSD Tax Claim

  By Ken Berry| CPA Practice Advisor Verified If an individual receives an award or legal settlement attributable to a personal injury or illness, they normally don't owe any federal income tax on the payment. However, the onus is on the individual to prove a direct cause. As shown in a new case involving a claim of post-traumatic stress disorder (PTSD), Estate of Finnegan, TC Memo 2024-42, 4/10/24, the supporting documentation can be critical.

  By Ken Berry · CPA Practice Advisor

  Dec. 10, 2024

• Filing the Final Income Tax Return for a Decedent

  By Ken Berry| CPA Practice Advisor Verified Filing the Final Income Tax ReturnBy Ken BerryLosing a loved one is never easy. In addition to the emotional distress, you may have some financial concerns, especially if you're the executor of the deceased relative's estate. Which begs the question: Does a tax return have to be filed on behalf of the relative? The answer-unequivocally-is "yes." But there's more to this than first meets the eye.

  By Ken Berry · CPA Practice Advisor

  Nov. 26, 2024

• Tax Court Refutes PTSD Tax Claim

  By Ken Berry| CPA Practice Advisor Verified If an individual receives an award or legal settlement attributable to a personal injury or illness, they normally don't owe any federal income tax on the payment. However, the onus is on the individual to prove a direct cause. As shown in a new case involving a claim of post-traumatic stress disorder (PTSD), Estate of Finnegan, TC Memo 2024-42, 4/10/24, the supporting documentation can be critical.

  By Ken Berry · CPA Practice Advisor

  Dec. 10, 2024

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CPA Practice Advisor

CPA Practice Advisor is a prominent online resource for accounting and tax professionals, established in 1991. Originally known as The CPA Software News, it rebranded to CPA Technology Advisor in 2004 and adopted its current name in 2011. The platform focuses on providing insights into technology adoption, regulatory updates, and practice management strategies tailored for public accountants and tax professionals. The company offers a variety of digital content, including daily news, analysis, and feature articles on accounting technology and industry trends. It also provides educational resources such as webcasts, podcasts, and online tools that qualify for continuing professional education (CPE) credits. Additionally, CPA Practice Advisor covers technology guidance on enterprise systems, cybersecurity, and emerging tools like AI and automation in accounting. The platform serves practicing public accountants, tax professionals, and accounting firms, helping them enhance client services through technology and compliance.