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No Escape From Payroll Tax Liability

Business owners can not escape liability for the firm’s unpaid payroll taxes, even though they didn’t know about the shortfall, an Appeals Court says. The bookkeeper for a business failed to deposit the company’s employment taxes. The owners first learned about her...

Inherited IRA not touchable by creditors

Bankruptcy creditors cannot get at inherited IRAs, a district court says in reversing a previous bankruptcy court decision in favor of the creditors. The case involved a debtor who inherited her mom’s IRA and then filed for bankruptcy. Now all district courts and the...

Theft Loss Deduction

Acquiescence to an abusive boyfriend’s theft won’t negate a theft loss deduction, according to the Tax Court. A boyfriend of a business owner worked for her firm.  Although she knew he was stealing money from the business, she remained silent because he was verbally...

15 days left

There are 15 days left to file your individual tax returns without an extension.  If you need assistance please contact our office at 847-690-9454.

Facbook boss bashing covered by NLRB

The National Labor Relations Board has commented that what workers posts on Facebook are a protected activity.  So boss bashing on Facebook cannot be disciplined any more than workers sharing complaints with one another within the office.

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