You may notice that events are posted on the side bar. These events are free and often open to the public. We believe that the general public, as well as clients, should understand the benefits our practice and related laws and professions offer today's families and individuals. Knowledge is a good thing. So if you're able, be sure to attend an event or suggest it to a friend.
Did You Know
The tax deadline for this year is April 17, not April 15. Additional tax deadlines are also looming but filing can be extended if you make a timely and appropriate request to do so.
April 17 is also the deadline to file an extension and to make a 2011 IRA contribution. For a Keogh or a Simplified Employee Pension Plan (SEP), file an extension to October 15 and you have until then to make those deposits. October 15 is also the last date to recharacterize 2011 Roth IRA conversions.
In the News
The Illinois Attorney General, Lisa Madigan has filed suit against the tax preparer, Mo' Money. After receiving dozens of complaints from customers whose returns were filed without their permission, who paid hidden fees, and who did not receive their refunds, AG Madigan is not only suing Mo' Money but wants to shut the business down and force it to refund about $800,000 to customers. Mo' Money primarily serves low-income customers. If you or someone you know had a return processed by Mo' Money, the AG urges you to contact the IRS, 800.829.1040, 800.829.4059 (TDD) or www.irs.gov.
SPECIAL THANKS to Chicago State University and DePaul Outlaws for allowing me to speak during their respective lunch programs. Both groups had great questions that made for lively discussions!
Add your voice! On the side bar, you'll see a link, "The Shark Free Zone," for my weekly blog. The articles provide extensive and helpful information on important topics. Check it out and once you've read a post, please leave a comment. I'd love to hear from you.
However, at least the HCPOA doesn't have to notarized like is required by your Property Power of Attorney (PPOA).
In the News
The IRS opened its online filing system, "Free File" on January 17 of this year (2012). Individuals or families with an adjusted gross income in 2011 of $57,000 or less can prepare and electronically file their taxes for free with the Free File software. If you don't want to use the software, Free File Fillable Forms are available and no income limits apply. Visit http://freefile.irs.gov/ for the software.
SPECIAL THANKS to the editors of my alma mater, Northwestern University, who published a little blurb about my practice and efforts in "Class Notes" of the Northwestern Winter 2011 edition.
January 2012 - Happy New Year!
_ We hope you enjoyed the holiday season and are looking forward to an exciting, pleasure-filled, and prosperous new year. Changes and events are certainly afoot for The Law Offices and we welcome you to join us! This page is one of those changes bringing our monthly e-mail newsletter online!
Did you know
Typically, whatever instructions you place in a living will can be placed in an HCPOA. However, the HCPOA provides more flexibility for designating healthcare decisions than a living will. So an HCPOA helps streamline these critical decisions and saves you money and time.
In the news
_The Illinois Transfer on Death Instrument Act goes into effect on January 1, 2012. This law provides a person with a way, upon death, to transfer residential property to loved ones without requiring the time-consuming and expensive probate proceeding. The instrument will be very beneficial to those whose primary asset is their residence. Before this law, even if the estate was less than $100,000, probate was required if the deceased owned his or her home.
SPECIAL THANKS to Jeff Simon of RBC Wealth Management for facilitating great connections at a wonderful December event.
IRS Circular 230 Notice
_ To ensure compliance with requirements imposed by the IRS, we inform you that any U.S. tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code of 1986, as amended, or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein.
The Law Offices of Max Elliott, Ltd. Copyright (c) 2011. All rights reserved.
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