Tax Reform: The Conference Committee

The Conference Committee has reached a deal on tax reform! The bill will now go to the full House and Senate where it is expected to pass. I will have [...]

Defining Your Charitable Contributions

From the Desk of Lauran L Stevenson Defining Your Charitable Contributions In recent years, there has been an influx of options available for charitable giving and gift giving to online [...]

The New Illinois Tax Hike

From the Desk of Michael T. McCormick The New Illinois Tax Hike Illinois budget legislation has been enacted over Gov. Bruce Rauner’s veto that increases corporate and personal income tax [...]

When the IRS Knocks

From the Desk of Lauran L. Stevenson When the IRS Knocks The IRS has created a special new page (“How to know it’s really the IRS calling or knocking on [...]

One Billion Dollars

From the Desk of Lauran L. Stevenson One Billion Dollars On March 1, 2017, the IRS announced that unclaimed federal income tax refunds totaling more than $1 billion may be [...]

Tax Scams

From the Desk of Michael T. McCormick Tax Scams Tax scams continue to plague the country. My next few Friday Tax Tips will outline some of these scams so you [...]

The Power of the Postmark

From the Desk of Lauran L. Stevenson The Power of the Postmark The “postmark rule” appears in section 301.7502-1(c)(1)(iii)(A), Proced. & Admin. Regs., and provides that the USPS postmark is [...]