Taxes are Everyone's Business

7:00 PM - 8:30 PM
Lemont Public Library
Event Space

Event Details

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 questions.

Judi 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.

Event Type(s): Adult Programs
Age Group(s): Adults
Pam Zukoski
(630) 257-6541 ext. 2

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