LanguageEnglish
+

Monday, 4 March

Search Engine

Donate Appreciated Stock For Twice The Tax Benefits

Tighe, Kress & Orr.

Posted By: Tighe, Kress & Orr.

Posted October 31, 2018 / No comments

A tried-and-true year end tax strategy is to make charitable donations. As long as you itemize and your gift qualifies, you can claim a charitable deduction. But did you know that you can enjoy an additional tax benefit if you donate long-term appreciated stock instead of cash? 2 benefits from 1 gift Appreciated publicly traded

Read More

Extended Due Date Of Illinois Tax Return Announcement

Tighe, Kress & Orr.

Posted By: Tighe, Kress & Orr.

Posted October 24, 2018 / No comments

The extended due date of the Illinois income tax return coincided with the 10/15/18 extended due date for the federal return. So the IL Dept. of Revenue recognizes that taxpayers may have had trouble meeting the deadline. The department announced it will approve requests for abatement of penalties for late filing of any Forms IL-1120,

Read More

Congress passes biggest tax bill since 1986

Robert Tighe

Posted By: Robert Tighe

Posted December 21, 2017 / No comments

On December 20, the House passed the reconciled tax reform bill, commonly called the “Tax Cuts and Jobs Act of 2017” (TCJA), which the Senate had passed the previous day. It’s the most sweeping tax legislation since the Tax Reform Act of 1986. The bill makes small reductions to income tax rates for most individual

Read More

“Nanny Tax” Threshold Increases

Tighe, Kress & Orr.

Posted By: Tighe, Kress & Orr.

Posted October 20, 2017 / No comments

“Nanny tax” threshold increases to $2,100 for 2018. The Social Security Administration (SSA) announced that, if a household worker’s cash wages exceed the domestic employee coverage threshold of $2,100 in 2018, you must pay Social Security and Medicare taxes. This amount, which is adjusted for inflation, is up from $2,000 for 2017. The dollar threshold

Read More

New Senior Audit Manager Announcement

Tighe, Kress & Orr.

Posted By: Tighe, Kress & Orr.

Posted September 18, 2017 / No comments

Tighe, Kress & Orr, P.C. Hires New Senior Audit Manager ELGIN, IL (Thursday, September 14, 2017) – Tighe, Kress & Orr, P.C., a certified public accounting firm, is proud to announce Stephen Leazzo has joined the team in the role of Senior Audit Manager. Steve joins the firm with over 11 years of public accounting

Read More