Weiss & Company LLP, a leading accounting and advisory firm headquartered in Glenview, has been recognized yet again as a Best Place to Work in Illinois in the Small Employer (15-99 employees). 2025 marks the 14th year in a row that Weiss has been honored with the award. Dan Fortman, Managing Partner of Weiss, was…
Natural disasters can strike without warning, being unprepared can make a bad situation worse. That’s why the IRS urges individuals and businesses to take proactive steps now to protect their vital financial and tax records. From backing up electronic files to safeguarding important documents, these practical tips can help ensure you’re ready when it matters…
The IRS is erroneously issuing CP161 balance due notices for certain 2024 Form 1041 trust returns. These notices incorrectly assess estimated tax penalties in cases where no payments were required—such as trusts that elected to be treated as estates or those with no prior-year tax liability. This issue stems from a recent programming error. According…
Since joining Weiss & Company LLP in late 1999, Rebecca Schaps has worked in many different areas of the firm, culminating in her current role of Office Manager. What has kept her relevant and essential is her natural adaptability, receptivity to change, and her knack for figuring things out on her own. Like many Weiss…
Weiss & Company LLP, a proud sponsor of the 52nd Annual UIC Accounting Banquet, was honored to present the Jerry Weiss Scholarship to several deserving students. Dan Fortman, Managing Partner at Weiss & Company LLP, joined Naomi Weiss—wife of the late Jerry Weiss, founder of the firm—to award four Jerry Weiss Scholarships during the banquet…
The 2024 tax filing season just wrapped up last month in what turned out to be a relatively normal season for us. However, shortly after April 15, the Internal Revenue Service started mailing Reduction in Force (RIF) notices to employees. It plans to reduce its workforce by up to 40%, going from a high of…
