As we all know, Hurricane Ian was one of most devastating and deadliest storms in U.S. history. It also ranks as one of the most expensive, with countless victims experiencing losses now estimated at over $80 billion. For the many Weiss clients among those affected, recently released guidance from the IRS concerning losses and relief…
On October 21, the IRS announced increases to the contribution limits for both 401(k) plans and IRAs. These increases are intended as adjustments to help working Americans cope with current inflation. In addition, the IRA catch-up contribution for taxpayers 50 and older as well as the phase-out for the IRA contribution deduction for taxpayers who…
(November 10, 2022, Glenview, IL) Weiss & Company LLP is pleased to announce that Glenview-based CPA Dan Weitzman has joined the firm as a principal and merged his practice into Weiss’s. “Dan is a gifted professional whose skill set is uniquely suited to our firm,” said Weiss managing partner Daniel A. Fortman. “When he expressed…
As 2022 draws to a close, it’s time to turn your attention to the year ahead and tax planning measures you can take to maximize savings now and in the months to come. As always, our annual Tax Planning Letters are a great place to start. They’re prepared by BDO Alliance, one of the world’s…
On October 18, the IRS announced its annual inflation adjustments to some 60 tax provisions for tax year 2023. In addition to the normal new tax schedules, the list includes increases to specific exemptions and other adjustments intended to address current inflation issues. Generally speaking, the adjustments apply to returns filed in 2024. Changes of…
Weiss & Company LLP is pleased to announce the hiring of Michael Izatt, a senior manager in the firm’s tax department. Izatt, CPA, CVA, brings more than 25 years of experience from a wide-ranging career in public accounting, consulting, finance, and scientific research. “We are incredibly excited to bring Mike on board at Weiss,” said…
