Oct 9, 2026 | Chicago CPA
One of the major ways that Business Owners can save tax dollars this year is by using Pass Through Entity Tax Credits (PTETC). In order to explain how this works, let’s use an example. Joanne B. Owner owns a profitable S Corp. She takes a $100K W-2, has another...
Oct 7, 2026 | Chicago CPA
As we get closer to tax season, I’m going to begin my process of educating everyone before our upcoming tax planning sessions in December. Tax planning success isn’t just about doing the right thing. Sometimes it’s about not doing the wrong thing....
Oct 7, 2026 | Chicago CPA
The Treasury Department has proposed requiring U.S. taxpayers to disclose their citizenship and work authorization status to the IRS on the annual tax form that nearly all workers file each year. I forward this because the published “draft” 1040 almost...
Oct 6, 2026 | Chicago CPA
The Senate passed the Taxpayer Assistance and Service Act (TAS Act, H.R. 5349) shortly before leaving Washington for a congressional recess that extends through the November midterm elections. Several provisions in TAS are similar to, or identical to, standalone tax...
Oct 1, 2026 | Chicago CPA
The morning of Wednesday, September 23rd began in an unremarkable fashion until a survey on business activity jolted financial markets, pointing to resilient growth and ongoing inflationary pressures. Selling in the bond market was then compounded by three key...
