*The federal filing deadline for 2024 individual returns will be April 15, 2025. The extension deadline for those returns is…
Do You Need a Trust?
CPAs often emphasize the tax benefits of trusts. Trusts can help minimize estate taxes and, in some cases, income taxes….
Illinois Sales and Use Tax on Leased Tangible Personal Property
The Illinois Sales and Use Tax on leased tangible personal property, effective January 1, 2025, introduces new requirements for lessors…
263A: Navigating Simplified Methods and UNICAP Compliance
What is UNICAP? This is a continuation of my last article What is UNICAP? Section 263A Explained. 263A (also…
House Republicans Float Long List of Potential Tax Measures
Republicans in the U.S. House of Representatives Budget Committee recently circulated a draft list of policy options, some of which…
What You Need to Know Before the April 2025 Deadline
With the 2024 tax season just around the corner, there are some important updates you need to know about. Staying…
