Trump Accounts explained: these new tax-advantaged accounts are designed to help families build long-term savings for children. Learn how they work, who qualifies, and what to consider when deciding if they fit your financial plans.
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Child dependent after 17 rules can impact your taxes more than you think. Find out if you can still claim a dependent, what credits apply, and how IRS rules affect your situation. Understanding these details can help you avoid missed opportunities and make more informed tax decisions.
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Still using paper receipts for business trips? Learn how travel and expense management QuickBooks tools can automate expense tracking, reduce errors, and simplify reporting for your accounting team.
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Capital gains tax on home sale can significantly affect how much profit you keep when selling your property. Depending on how long you’ve owned the home and whether it qualifies as your principal residence, some or all of the gain may be taxable. Understanding the rules before listing your home can help you plan ahead and avoid surprises.
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Finding purpose in retirement is about more than financial planning. Without thoughtful preparation, the transition can feel overwhelming as you redefine your identity and life after work.
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The Child and Dependent Care Tax Credit helps working families offset the cost of qualifying care expenses. Child and dependent care costs can take a big bite out of your budget. To help ease the load, the IRS offers a tax credit for qualifying care expenses incurred while you (or your spouse, if filing jointly) are working or looking for work.
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We at Siepert & Co., LLC are excited to share that our Beloit, WI and Roscoe, IL office locations are merging and relocating to 1511 N Blackhawk Blvd. Rockton, IL 61072 in the Fall of 2025!
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Under the 2022 Illinois Family Relief Plan* passed by the Illinois House and Senate, one-time individual income and property tax rebates will be issued to
taxpayers who meet certain income requirements.
An IRS phone scam occurs when criminals impersonate IRS agents and demand immediate payment or personal information. Taxpayers should be aware that the IRS follows specific procedures and will not make aggressive or threatening phone calls demanding payment.
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The Internal Revenue Service has announced a new identity verification process that taxpayers will use to access IRS online services. Under the new IRS online identity verification process, taxpayers will use ID.me to sign in to certain IRS online tools.
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