In this workshop, Judi Strauss of Strauss Tax Service in Downers Grove will review the key elements of the new (and old) tax code effective for 2018 taxes for both federal and Illinois taxes.
The Tax Cuts and Jobs Act of 2017
is the biggest change to our tax code since 1986. Some of us come out “winners”
under the new law, others stay much the same and still others, especially those
with big real estate taxes or more than one home don’t do very well. There are changes to the standard deduction,
to itemized deductions, to exemptions and even to credits - and these will
impact what records we keep, and how we plan for 2019 in order to save tax
dollars under the new law.
In this workshop, Judi will review the key elements of the new (and
old) tax code effective for 2018 taxes - both for the IRS and IL - as well as
the increasingly complex rules for sales of stock and mutual funds and Form
8949 as well as the revised Schedule D. She will also discuss important
deductions such as medical and contributions - and common tax problems,
including IRA withdrawals, K-1s from Trusts and Estates, Roth conversions, and
taxable Social Security. Judi will
address the increased focus on compliance in the IRS and IL and issues of
identity theft as well as focus on strategies for “managing” this new
tax law which are becoming increasingly important. And, finally, she will leave time for your
Strauss is the owner of Strauss Tax Service with offices in Downers Grove and Chicago.
Since 1969, she has been providing personalized tax and financial
planning services to individuals and small businesses. Judi holds a Ph.D.
from the Union Institute and a Master’s degree from Harvard University and was
a Professor of Human Resource Management at Benedictine University. She is an Enrolled Agent, licensed to
practice before the IRS and is a member of the National Association of Enrolled
Agents and the National Association of Tax Practitioners.