Feb 12, 2024 | Uncategorized
The $78B Income Tax Bill which would affect 2023 tax law has officially stalled in the Senate. The Tax Relief For Americans And Workers Act Of 2024 passed the House with a bi-partisan vote of 357-70. But the Senate is currently focused on debating foreign assistance...
Jan 26, 2024 | Chicago CPA, Uncategorized
The concept of a Tax Home is one as old as the IRS Code. It comes down to where your income must be reported and which state gets your tax dollars. This problem is further complicated by states that have passed laws contrary to Federal Tax Law in an effort to increase...
Jan 25, 2024 | Uncategorized
Numbers recently published by The Internal Revenue Service show that less individual taxpayers are getting refunds. As this phenomenon increases, so are the number of collection cases as well as the interest and penalties associated with them. In 2019 there were 16.8M...
Feb 10, 2023 | Uncategorized
Steve Ballmer, the former CEO of Microsoft, had a brutal trading day on July 24th, 2015. The stock trades done on his behalf netted losses of over $28M. At least that’s how it looked on paper, but the reality was somewhat different. Let’s first understand...
Dec 28, 2022 | Chicago CPA, Uncategorized
I woke up last Sunday morning, and lit a candle. One of the oldest traditions of the German Lutheran Church is that of the Advent Wreath. We light a new candle every Sunday of the Christmas Season, or what in liturgical circles is also known as the Season of Advent....
Nov 7, 2022 | Uncategorized
If you’ve turned on a TV, read a newspaper, or opened a laptop in the last couple of months, I’m sure you realize that we all vote tomorrow. There are several important seats up for grabs from national to local elections. Several changes have been made...
