Chicago Provides Voluntary Disclosure for the Amusement Tax

Chicago Provides Voluntary Disclosure for the Amusement Tax The Amusement Tax requires Chicago businesses that subscribe to and use satellite TV to pay an amusement tax directly to the City of Chicago. This tax is not collected by satellite TV providers; it is incumbent on the business to submit the tax. Currently the tax, which […]

New Law Sets January 31 Filing Deadline for W-2s and 1099s

New Law Sets January 31 Filing Deadline for W-2s and 1099s A new federal law moves up the W-2 filing deadline for employers and small businesses to January 31. It also makes it easier for the IRS to find and stop refund fraud and delays some taxpayer refunds. Here are some key points to keep […]

Year-end Tax Planning for Businesses & Business Owners

Year-end Tax Planning As the end of the year approaches, it is a good time to think of planning moves that will help lower your tax bill for this year and possibly the next. Factors that compound the planning challenge this year include political and economic uncertainty, and Congress’s all too familiar failure to act […]

Year-end Tax Planning for Individuals

Realize losses on stock while substantially preserving your investment position. There are several ways this can be done. For example, you can sell the original holding, then buy back the same securities at least 31 days later. It may be advisable for us to meet to discuss year-end trades you should consider making. Postpone income […]

Year-end Tax Planning

As the end of the year approaches, it is a good time to think of planning moves that will help lower your tax bill for this year and possibly the next. Factors that compound the planning challenge this year include political and economic uncertainty, and Congress’s all too familiar failure to act on a number […]