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For over 40 years, our tax advisors have been helping businesses large and small with planning, preparation, and compliance. As a nationally recognized Top‑25 firm and independent member of the global HLB network, we offer deep expertise in international, federal, state, and local tax and develop cost‑effective tax strategies wherever you operate.
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Tax Insights
Charitable Giving and Education Savings in 2026
Charitable Contributions For 2026, donors who itemize may claim a tax deduction for contributions of cash of up to 60% of AGI and for contributions of noncash assets held more than one year, up to 30% of AGI. The OBBBA made the 60% ceiling for cash gifts to public charities permanent. Donation amounts in excess…
International Year-End Tax Planning 2026
Most OBBBA international provisions apply to tax years beginning after December 31, 2025, so 2026 is the first year in which calendar-year groups compute net CFC tested income (NCTI), foreign-derived deduction eligible income (FDDEI) and the revised base erosion and anti-abuse tax (BEAT) under the new rules. This summary addresses the rules that govern 2026…
Why R&D Tax Credit Audits Can Be Won or Lost on Documentation, Not Technical Merit
Many taxpayers assume that if they perform legitimate research and development activities, they are automatically entitled to claim the federal Research & Development (R&D) tax credit under Internal Revenue Code (IRC) §41. While technical innovation is certainly a prerequisite, recent IRS guidance and court decisions have highlighted a reality that many businesses overlook: R&D tax…
Section 1031 Exchange Requirements for Real Estate Investors
A Section 1031 exchange is a powerful tax-deferral strategy available to real estate investors. By exchanging investment or business-use real property for other qualifying real property, investors can defer recognition of gain and continue to reinvest their capital. Understanding the key requirements before a transaction begins can make the difference between a successful tax deferral…
Illinois AIM Tax Credit: Does Your Company Make a Critically Needed Good?
Part 2 of a three-part series on the Illinois Advancing Innovative Manufacturing (AIM) Tax Credit. Read Part 1. For companies evaluating eligibility for Illinois’ AIM Tax Credit, a key question is whether what they make qualifies as a “critically needed good.” If you have an elementary-age child or tween who has joined the NeeDoh craze,…
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