Clinton Offers New Exit Tax On US Foreign Company Mergers

Presidential-hopeful Hilary Clinton has made it clear that it is time for big companies to stop hiding their assets overseas. As such, it is her hope to pass new legislation that will prevent this form of tax evasion. While the … Read More

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What Businesses Need to Know About the New IRS Early Interaction Initiative

Business owners are required to pay payroll/ employment taxes to the Internal Revenue Service. However, in recent years with the ups and downs of the economy, too many business owners have failed to do so. In response to this growing … Read More

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Board Splits Over Higher Tax Levy

Like many towns and cities across the United States, residents of Chicago are currently fighting over school tax hikes and their impact on their budget. The current dilemma is in District 41, where the school board members have proposed and … Read More

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3 Forms Affordable Care Act Plan Holders Will Receive in 2016

2015 marked the first full year of the implementation of the Affordable Care Act (ACA) without incident. For tax payers who took advantage of this program, 2016 will be the first year they receive new info statements for tax filing … Read More

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Length Of Time You Are Subject To An IRS Audit

One of the biggest fears of all taxpayers, whether individual or corporate, is being subject to an IRS audit. Even though you may not be engaged in any illegal activity, the time and resources required to successfully endure an audit … Read More

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Mortgage Interest Deductibility and Assistance

Mortgage interest deduction is the ability to deduct any interest paid toward building a home, getting a loan for purchasing a home, or renovating a home. This deduction helps home-owners save money in taxes each year and can be used … Read More

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Attracting An IRS Audit

Attracting an audit from the IRS is the last thing that you want to do, however, sometimes it is inevitable. There are certain red flags that the IRS looks for that we will cover below. Some of these red flags … Read More

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What Happens When You Can’t Pay Payroll Taxes

  Payroll taxes not being paid is one of the key reasons why many businesses go out of business. Luckily, there is now help for companies that are unable to pay their payroll taxes. There are many options to save … Read More

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Advantages and Disadvantages for Married Couples Filing Jointly

One of the challenges that married couples face is determining the best way to file their taxes each year. Until recently, couples who were married filing jointly would often receive significantly lower tax returns because there combined incomes would push … Read More

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Tax Refund Identity Theft – What You Need to Know & How We Can Help

Our technologically advanced world has brought many benefits to our day-to-day lives including online bill pay, faster banking, and a world where we can do virtually everything over the internet or phone. But all of these benefits are not without … Read More

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