Wednesday June 8, 2022 – United .States Treasury Secretary Janet Yellen appeared at a Senate Hearing on Tuesday and said “The IRS is under siege. It is suffering from huge underinvestment,” She, again, urged Congress … Continue reading IRS Under Siege! Says Yellen
Crypto = Commodity?
Tuesday June 7, 2022 – Legislation was introduced in Congress today that would classify the vast majority of digital assets as commodities, giving regulatory control to the Commodity Futures Trading Commission. The Bill is presented … Continue reading Crypto = Commodity?
State of Domicile vs Residency
Monday June 6, 2022 – Where you reside and where you are domiciled are not always the same, and may be VERY important when paying state taxes. My practice is in Illinois. Many Illinois residents … Continue reading State of Domicile vs Residency
Attorney Cynthia L. Petersen
Friday June 3, 2022 – Meet Attorney Cynthia L. Petersen of Petersen Law and QDROs LLC located in Stockton, IL. Attorney Petersen clients in matters including Uncontested Divorce, Real Estate, Estate Planning and Retirement Plan … Continue reading Attorney Cynthia L. Petersen
IRS Examinations – By The Numbers
Wednesday June 1. 2022 – IRS Audits are called “Examinations.” And the IRS conducted 243,715 individual examinations in 2019. While the numbers have dropped – that is still a lot of audits. The Chrisley Tax … Continue reading IRS Examinations – By The Numbers
Blockchain & Cryptocurrency – Here to Stay
Tuesday May 31, 2022 – The Crypto Crash of recent weeks has put many on alert. Some have seen this as the demise to Cryptocurrency AND Blockchain technology. But don’t let short term fluctuations sour … Continue reading Blockchain & Cryptocurrency – Here to Stay
Attorney Matthew J. Taylor
Friday May 27, 2022 – Meet Attorney Matthew J. Taylor. For over 23 years, Attorney Taylor served with distinction as a member of the Palatine Police Department, retiring in 2017. Since leaving law enforcement, he … Continue reading Attorney Matthew J. Taylor
IRS Releases 2021 Data Book
Thursday May 26, 2022 – The Internal Revenue Service (IRS) Data Book is published annually by the IRS and contains statistical tables and organizational information on a fiscal year basis. The report provides data on … Continue reading IRS Releases 2021 Data Book
Crypto Losses, Tax Savings?
Tuesday May 24, 2022 – Have you noticed – Cryptocurrency is volatile? Back in 2014 the IRS announced that crypto is property for tax purposes. Not currency, not securities, but property. So, some tax rules … Continue reading Crypto Losses, Tax Savings?
Foreclosures On The Rise
Monday May 23, 2022 – Foreclosures have not been an issue since the pandemic. One of the first things Government did was to issue a Foreclosure Moratorium. Last August the CDC moratoriums came to and … Continue reading Foreclosures On The Rise
