Year-End Tax Planning With the Senate in the Balance In the final days of 2020, here are some tips on planning for 2021 when control of the Senate is yet to be determined.

10 Year-End Tax Moves to Make Now These tax tips can help improve your financial health and stimulate tax-time savings.

Financial Planning for a Post-Election World Comparing the most significant tax policies of Biden and Trump can help ensure financial success no matter the outcome of the November election.

Tax Strategies in the Time of COVID-19 Tax and financial advisors must engage clients over tax payment relief and planning opportunities in a down market.

How SECURE Is Your Estate Plan? Revisiting retirement and estate plans is a must under the new SECURE Act.

The Strategy Behind Philanthropy Facilitating the evolution from charitable donor to philanthropist could be one of the most satisfying things you do for your clients.

How to Tally Up Some Savings During the 12 Days of Tax-Mas As you’re counting down the days of the holiday season, count on these year-end tax planning strategies to make your tax season just as merry.

IRS Makes Major Change to Cryptocurrency Taxation The agency’s guidance remains cryptic, but crypto-to-crypto exchanges are now definitely classed as taxable events.

Illinois’ Incomprehensible Sales Tax Law A post-Wayfair fix for leveling the playing field between online and brick-and-mortar retailers has made Illinois sales tax more unbalanced.

The Secret to Earning Lifelong Clients Finance professionals must invest in achieving their clients’ goals if they want to be their most valued—not just their most trusted—advisors.

TCJA: Has the Chance Paid Off? Two years in with the new tax law, there’s still much uncertainty about its benefits.

Surviving the Second Busy Season Scaries Between late documentation and procrastinating clients, it’s no wonder the April tax deadline is ghastly. But why does a second busy season haunt CPAs in October?

Expanding Real Estate ROI With 1031 Exchanges Property owners and real estate investors—and their advisors—have a lot to gain by diving into 1031 exchanges, DSTs, and the Internal Revenue Code.

Opportunity Zones: Hidden Gems in the Tax Cuts and Jobs Act Newly created “Opportunity Zones” may bring a breath of fresh air to the Illinois economy while giving blighted communities a badly needed boost.

How to Talk About Tax Extensions For many CPAs, tax season doesn’t end in April, which means knowing how to talk to clients about tax extensions is a must.

The IRS Is Coming for Your Passport IRS Notice CP508C can put an end to taxpayer travels. Here's how to help your tax delinquent clients.

Decoding the Democrats’ Sweep What’s in store for Illinois tax policy after Democrats sweep November’s election?

Falling Into Tax Planning Season With the end of the year approaching, tax and financial planners have some important issues to consider before their clients come calling.

Is the New IRS Form 1040 Still too Taxing? Billed as a “postcard-sized” sheet that’s more user-friendly, does the revised IRS Form 1040 make a difference for taxpayers and preparers?

Grappling With Graduated Income Taxes Let’s decode the math behind proposed graduated income tax plans.