Illinois Tax

Are you looking for ways to reduce your tax bill each year? How about maximizing your take-home profit at the end of the year? If so, it’s important that you find the right tax strategies for doctors and dentists.  There are dozens of tax strategies for doctors and dentists, which is why it’s important that …

5 Tax Planning Principles for Doctors and Dentists Read More »

SALT TAX WORKAROUND On August 27, Governor Pritzker signed into law Senate Bill 2531, which institutes a method for owners of Partnerships and S-Corporations (Pass Through Entities or PTE’s) to deduct income taxes beyond the Federal $10,000 limit for taxpayers who itemize deductions on their Form 1040.  This workaround has also been instituted in many other states as …

State Income Tax Deduction Limit Workaround Signed into Law in Illinois Read More »