by Leif Jensen | Jul 4, 2011 | General |
Cook County Illinois Having recently lost a property tax appeal, I was commiserating with a client whom had also failed in their appeal well. They had been informed that the foremost reason was that they were still paying their property tax bill and the county will...
by Leif Jensen | Jul 4, 2011 | General |
It seems it may be time to start looking like a stereotypical accountant. According to the Vision Council of America, approximately 75% of adults use some sort of vision correction. About 64% of them wear eyeglasses, and about 11% wear contact lenses, either...
by Leif Jensen | Jul 3, 2011 | General |
In government parlance, the “tax gap” is the difference between the taxes owed and what’s actually paid on time. In their most recent analysis, from 2001, the Internal Revenue Service estimated that only about 84 percent of federal taxes were voluntarily paid on time...
by Leif Jensen | Jul 2, 2011 | General |
According to Congress things are running smoothly and all is fine in the world. From a technical standpoint we left the recession in June of 2009. Unfortunately for many it just does not feel like it. In a recent discussion with a client, she stated that we were in...
by Leif Jensen | Jul 2, 2011 | General |
Those who have been non compliant of with their Qualified plans beware! The Internal Revenue Service has finally become more adept at identifying retirement plans that may violate tax laws, according to a new government report. The Treasury Inspector General for Tax...
by Leif Jensen | Jul 2, 2011 | General |
The IRS test for tax preparers will not be as hard as the exam to become an enrolled agent, according to IRS. While they do not expect that the test will be overly easy (I do,look at any mass government exams), they note that it will be designed to ensure only a...
