by Leif Jensen | Jul 10, 2011 | General |
The Tax Court has ruled that a taxpayer’s poor investment decision doesn’t lead to a theft loss write-off. On a parishioner’s advice, a filer took funds from his IRA and bought stock in a company. The firm delayed issuing stock certificates to him, so he feared he had...
by Leif Jensen | Jul 4, 2011 | General |
I found this little article on the Chicago Bar Association website regarding how Cook County Property Taxes are calculated. Your Cook County real estate tax bill is the result of the assessed valuation of your real estate multiplied by an equalization factor and then...
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...
