Do I Have a Qualifying Dependent?

Paying taxes is the most dreaded time of the year.  It feels good to pay the government the least amount of money.  When preparing your federal income tax return, you will want to seek every possible deduction to reduce the amount of tax money you may...

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What is the Death Tax?

Americans are unsure of what is going to occur with death taxes under the new tax plan, but if you may be affected by this plan, it is important to be well informed.  There are two different types of death taxes: estate tax and inheritance tax. The estate...

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What is a Household Employee?

Household employees need to be reported on your taxes. Many people do not realize what constitutes a household employee. The IRS considers you an employer of a person when you hire the person to work in your home and you have control over how the person...

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Can I Take a Charitable Deduction?

The old saying says, it is always better to give than receive. Since most people enjoy both giving and receiving, donating to charities will allow you to give and receive at the same time. Contributing monetarily or by donating possessions to charities can...

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Money Facts

The Federal Reserve estimates that there is currently around $1 trillion in US Currency currently in circulation.  Making and spending money is a part of our daily lives.  Money, or the lack of, can cause happiness or stress.  Despite money being an integral part of...

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Fun Tax Facts

Taxes are synonymous with stress.  Although taxes are not fun, we have some amusing tax facts that you never knew you needed to know! Tax day affects hundreds of millions of people. The tax code is more than 10 million words long. Since 1955, it has grown an average...

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Top Twelve 2017 Tax Scams

Beware of scams!! Scams have become a huge part of our society. This is especially prevalent during tax season. In order to keep your information protected, you need to be aware of a few of the dangers. The IRS released its annual list of the top twelve 2017 tax...

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Trump Tax Reform

President Trump put forth his much anticipated tax reform plan in an effort to bring jobs back to the United States and spark economic growth.  He is going to “seize this opportunity by leading the most significant tax reform legislation since 1986- and one of the...

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Growing a Small Business in 2017

Growing A Small Business in 2017 Small-business owners can use this 5-point guide to strategize for a prosperous 2017. December has come upon us and it is now time small-business owners should be planning new goals for the upcoming year.   Have you been thinking about...

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Avoid Tax Return Penalties | New Tax Return Due Dates

The PATH Act (Protecting Americans from Tax Hikes) of 2015 included changes to due dates of tax and information returns. Form W-2 and 1099-MISC:  A provision in the new law accelerates the due date for filing Forms W-2 and 1099-MISC with the Social Security...

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Deerfield, IL 60015
United States
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The Internal Revenue Service requires us to inform you that any tax advice contained in this correspondence cannot be used for the purpose of avoiding penalties under the Internal Revenue Code or for promoting, marketing or recommending to another party any transaction or matter addressed herein.

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