Category Archives: Tax Tips

Hot Tips for The New Tax Year Part 3

Hot Tips for The New Tax Year Part 3

Deduction and Exclusion for Moving Expenses Suspended. The deduction for moving expenses is suspended. During the suspension, no deduction is allowed for use of an automobile as part of a move. This suspension does not apply to members of the U.S. Armed Forces on active duty who move pursuant to a military order related to…MORE

Hot Tips for The New Tax Year Part 2

Hot Tips for The New Tax Year Part 2

Tax Cuts and Jobs Act (TCJA). There are many changes for 2019 due to the TCJA bill that was passed in December of 2017. Some are good and some are bad. To help you get organized and not miss any new credits or deductions, we are highlighting some of the key changes to help you…MORE

Hot Tips for The New Tax Year Part 1

Hot Tips for The New Tax Year Part 1

2019 AUDIT PROTECTION PLAN With the Inspector General’s office indicating the federal government is losing billions of dollars due to fraud and improperly prepared tax returns, the IRS has been pushed by Congress to increase its enforcement efforts, such as the Path Act. The IRS and the Illinois Department of Revenue (IDOR) are generating question…MORE

Tax Tips Time Again 2020

Tax Tips Time Again 2020

Welcome to a brand new year and some more changes created by the Tax Cuts and Jobs Act (TCJA) that was passed in December of 2017. Our newsletter, with expanded information, will help you understand and navigate the new changes. We hope that you had a rewarding and profitable year and we look forward to…MORE