by Bruce E. Bell | Jan 4, 2021 | Insights, Tax Corner
Question: My spouse and I recently loaned our daughter and her husband the full amount needed to purchase a home. None of this was documented. Is there anything we should be doing? Answer:...
by Matthew P. Tyrrell | Dec 21, 2020 | COVID-19 Updates, Insights
On December 16, 2020, the Equal Employment Opportunity Commission (“EEOC”) issued new guidance for employers regarding the recently approved COVID-19 vaccines and the implications under applicable equal employment opportunity laws, including the Americans with...
by Matthew P. Tyrrell | Dec 19, 2020 | COVID-19 Updates, Insights
On December 11, 2020, Governor Pritzker extended the moratorium on residential evictions, but only as to a “Covered Person” which is defined as a person who (1) expects to earn no more than $99,000 in annual income for 2020 (or no more than $198,000 if filing a joint...
by Bruce E. Bell | Dec 8, 2020 | Insights, Tax Corner
Question: With the 2020 calendar year coming to a close, can you provide some suggestions for tax planning moves to make before year-end? Answer: The time value of money...
by Bruce E. Bell | Nov 2, 2020 | COVID-19 Updates, Insights, Tax Corner
Question: I have been working from home since the onset of Covid in March of 2020. Am I entitled to an income tax deduction for the business use of my home office? Answer: The answer depends in part on your employment status. If you are an employee...
by Adam J. Glazer | Oct 26, 2020 | Insights, Sales Rep Articles
Tech 4 Kids Inc. makes toys but was unable to play to U.S. retailers. So T4K reached an oral agreement with Northern Group Inc., an independent sales representative with offices in the Midwest, to promote its toy products. With no T4K market share, the parties...
