Tax Season 2022…Brace Yourself for Bumpy Ride

February 15, 2022

Tax preparation professionals suggest: Do everything you can do electronically, especially if you’re due a refund. Keep the human element out and don’t expect to get through to the IRS by telephone.

Proposed Tax Code Changes Will Impact Estate Planning

September 29, 2021

As part of the proposed Build Back Better Act, there are significant changes to the Tax Code. These changes will effect common estate planning techniques, including gifts to trusts. This is a quick overview of the changes. It includes lowering of the estate, gift, and generation-skipping transfer  exemptions. Lower Gift and Estate Exemptions The proposals… Read more »

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Anthony J. Madonia & Associates, Ltd. Map

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2700 S River Rd UNIT 115
Des Plaines, IL 60018
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