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2022 Tax Filing Season Recap and Tax Support

May 09, 2022

The report, released on May 2, by the Treasury Inspector General for Tax Administration, found that backlog inventories left over from the 2021-22 filing season are larger than those in the 2020 filing season. More than 16.4 million individual tax returns, transactions and Accounts Management cases remained in inventory as of the end of calendar… Read more »

HSA limits for 2023 Rise as Part of Tax Code Changes

May 03, 2022

Tax Code Changes Due to Inflation The Internal Revenue Service issued its annual inflation-adjusted amounts for next year’s health savings accounts. Due to surging inflation, the highest level in decades, they are raising the HSA limit. As part of 2023 tax code changes, Revenue Procedure 2022-24, states for calendar year 2023, the annual limitation on… Read more »

Treasury says be ready for frustration this tax season

January 18, 2022

Frustrating Tax Season Ahead According to Treasury Department Be forewarned, the Treasury is warning of additional headaches this tax filing season. Taxpayers should be prepared for delays as returns and refunds are processed. There will be difficulties in reaching the IRS. The Treasury officials said funding cuts and staffing shortages due to the ongoing health… Read more »

Tax Attorney vs. CPA: Why Not Choose Both?

January 10, 2022

Can’t Decide Between Tax Attorney or CPA? Why Not Choose Both? Whether you need a professional to assist with tax issues on personal or business-related concerns, it can be difficult to determine which expert best fits your needs. The most reliable professionals to aid you with tax problems are the tax attorney and the CPA…. Read more »

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Anthony J. Madonia & Associates, Ltd. Map

Contact Information


It would be our pleasure to discuss your business, tax and/or estate planning needs.
For more information or to schedule an appointment, please complete the following, call or email us today.
We will respond within one business day.

Office:

1900 East Golf Road, Suite 650,
Schaumburg, IL 60173
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Phone: (312) 578-9300

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info@madonia.com