Estate Planning’s Biggest Mistake is Just Signing Documents
April 09, 2025How To Avoid Estate Planning’s Biggest Mistake-Just Signing Documents Signing a will and living trust is not enough to protect you and your loved ones. You need an estate plan. Just so you know, Estate Plans are more than a document. One of the biggest mistakes people make with estate planning is to assume that… Read more »
Scam of the Week – Pay for Your Refund?
April 09, 2025Scam of the Week – This Refund Costs Money Watch out -it’s tax time and we are all dreaming of a refund. A current scam is making the rounds, where you receive an email that appears to be from Microsoft. The email says that you have purchased a subscription to one of Microsoft’s products. It… Read more »
News and Notes from 2025 Estate Planning Study
April 02, 2025Current Insights into Estate Planning in 2025 The 2025 Trust & Will Estate Planning Report is the largest estate planning survey conducted. With 10,000 participants it allows us to look at the estate planning industry through the eyes of the American public. The key takeaway is Americans continue to be resistant to estate planning even… Read more »
Is Florida Still a Great Place to Retire?
April 02, 2025Planning for Retirement? Be Sure You Know the Facts About Retiring in Florida Florida has long beckoned retirees. The state offers natural beauty, lifestyle perks, and financial advantages for seniors. From popular retirement cities like Miami and Sarasota to The Villages, regardless of where you choose to retire, you’ll enjoy the state’s tax-friendly environment. The… Read more »
Common Errors on Tax Returns
March 10, 2025We All Make Mistakes-The most common errors on tax returns If you are doing your own taxes, review this checklist. These are the most common errors on tax returns according to the Internal Revenue Service. They have a list and urge everyone to be like Santa and “Check It Twice.” Social Security Number (SSN)issues: Missing… Read more »
Hunker Down Its Tax Season!
February 19, 2025Tax Season 2025 Has Begun It’s Tax Season! The IRS started accepting tax returns on Jan. 27, 2025. Within the first week of filing, over 25% of the 11.7 million returns processed resulted in direct deposit refunds. By the April 15 federal deadline, the agency expects to receive over 140 million individual returns. Here’s a quick… Read more »
FinCEN Announces BOI Reporting Back in Effect
February 19, 2025Sorry business owners BOI reporting is back on with the deadline reset to one month. As of February 19, 2025, mandatory Beneficial Ownership Information reporting requirements are back in effect, with a new deadline of March 21, 2025, for most companies. U.S. Financial Crimes Enforcement Network (FinCEN) will assess its options for further modifying deadlines…. Read more »
Scam of the Week-It’s a Real Email but Fake Facebook
February 18, 2025Don’t Log In-Your Facebook is Just Fine A new twist in online scams is trying to steal your Facebook login information. Cybercriminals send an email claiming your Facebook page violates copyright laws. This scam is particularly convincing because the email you receive appears to be from a legitimate sender. The email even contains what… Read more »
Everything You Need to Know About Estate Taxes in Illinois
February 10, 2025Illinois has its own estate tax, separate from federal requirements, with an exemption threshold of $4 million. Estates exceeding this amount may be subject to taxation, even if no federal estate tax applies. Understanding these obligations is essential for individuals and business owners looking to protect their assets and transfer wealth efficiently. With the right… Read more »
Joey Fasuna Wins Contest with Guess of 1762!
February 07, 2025Young Fasuna Wins Contest Just 7 Candy Hearts Away from Actual Amount Congratulations are in order for Chicago native and nephew of our own Chris Bednarek, Joey “Little Joe” Fasuna has won the candy contest! He guessed 1762 and the exact amount of candy hearts was 1769-no one else was THAT close! Nice work Joey! (We… Read more »