by Leif Jensen | Apr 13, 2015 | General |
All small businesses go through cycles where there are ups and downs. When the cycles are on an upswing more space may be needed and less when there are down swings. I personally am a believer in owning the space where you run your business. I have seen a number of...
by Leif Jensen | Apr 7, 2015 | General |
2014 was a trying year for a number of client’s families. Family members had passed, but luckily they seemed to have prepared well and had plans in place. I am finding that this is not always the case with some younger clients or some of the older clients. As usual...
by Leif Jensen | Apr 6, 2015 | General |
I was at a family party and a show was on the TV that I had never seen before. It was about “expert consultants” coming in and fixing bars. This lead to a discussion, about how some business owners are their own worst enemy. I explained that I have clients who...
by Leif Jensen | Apr 3, 2015 | General |
Earlier this week I ranted about the loss of information from Joe Berrios’s Cook County Assessor’s website. Last week they had removed the ability to search for a Property Tax PIN number by address. All searches needed to have a PIN. Not a great thing when you are...
by Leif Jensen | Apr 1, 2015 | General |
It seems that t IRS is planning on focusing on real estate foreclosures, discharged debts and short sales. The IRS has issued a new audit guide that instructs agents on tax issues to look for. They will be verifying whether the taxpayer have gains from a waived debt...
by Leif Jensen | Mar 31, 2015 | General |
This is turning into a surprisingly difficult tax season. It does not seem to matter whether it is a new client or a client with whom we have worked for a decade. We have experienced incorrect basis on 1099-B’s. We have had a 1099-R that did not include nor record a...
