AI in use today

How many of you are using AI regularly?  Do you Alexia? Play chess online? How about Amazon shopping recommendations?  All utilize AI, so you have been using AI without even knowing it. Chat GPT newest iteration of AI. ChatGPT is a large language model-based chatbot...

Comprehensive cyber insurance policy

I was on a webinar regarding risk and the issue of a cyber insurance policy was given.  So, I contacted my agent to see what kind of coverage I had. Apparently, I only have an endorsement that is very limited in scope on my main package that covers data breach...

Unpaid Trust Taxes

What happens when you distribute Trust assets and don’t pay the taxes?  You guessed it… The IRS can go after heirs and trust beneficiaries for unpaid estate taxes. It doesn’t matter that they received property years after the decedent’s death, an appeals court...

Confiscated Property Proceeds

A woman wins her home-seizure case before the Supreme Court. Failing to pay home property taxes for several years can result in the county where you live confiscating the property and selling it at auction. But who is entitled to the excess amount if the sales...

Retirement Savings

The deadline to have a retirement plan has either passed or coming due shortly for IL businesses. Employer registration deadlines State law now requires every Illinois employer with five or more employees to offer their own retirement program or facilitate Secure...

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