Sep 30, 2024 | Chicago CPA
Disturbing numbers have just come out showing that young American Men are being left behind on their road to adulthood. Those numbers include… 1 – As of August of this year, employment in men aged 25 to 34 was down to 89%. That’s 700K fewer young men...
Sep 27, 2024 | Chicago CPA
Last March, the Service sent out a nebulous communication about abusive trusts. The actual text can be found at the following link. https://www.irs.gov/businesses/small-businesses-self-employed/abusive-trust-tax-evasion-schemes-facts-section-i In the communication,...
Sep 23, 2024 | Uncategorized
Back in the 1960’s, the IRS had a plan to create what is known as a Digital Silo. This is a database that contains all of the 154M income tax returns that are filed annually. The concept is that if all of them are housed in the same place, they’ll be...
Sep 17, 2024 | Uncategorized
Lenders are seeing an alarming rise in credit card balances and delinquencies on auto loans. This sign that Americans are struggling with their bills is setting off alarms all over the economy. Interest rates have been elevated for the past two years. In that period,...
Sep 13, 2024 | Chicago CPA
I get a lot of questions about what to do with the unused portions of a 529 College Savings Plan. This happens more than one would think when a child receives a scholarship, chooses a less expensive school, or decides not to attend a university at all. What does a...
