By Alicia Young As 2021 comes to a close, there are steps you can take now to minimize the amount…
House Releases Rewrite of Build Back Better Tax Proposals
A version of H.R. 5376 (the Build Back Better Act), released on October 28, 2021 by the House Budget Committee, eliminates many…
Unlocking Liquidity: Selling Your Business to an ESOP
An employee stock ownership plan – better known as an ESOP – can be an attractive and tax efficient alternative…
Confused About Crypto? Tax Considerations for Investing in Cryptocurrency
The prevalence of cryptocurrency—or what the Internal Revenue Service (IRS) refers to as “virtual currency”— in investing and financial transactions has increased…
House Ways and Means Committee Releases Initial Tax Proposals
On September 13, 2021, the House Ways and Means Committee released draft legislation that proposes a series of tax increases…
New Illinois Unclaimed Property Program
The state of Illinois began a new unclaimed property enforcement program around July 1, 2021, to identify noncompliant companies that…
