Kutchins, Robbins & Diamond LTD.

Certified Public Accountants

847-240-1040

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Taxes & Retirement Income

While many taxpayers plan for retirement by investing in retirement savings accounts, it is important for taxpayers to also plan on how to handle income during retirement as well. The timing of...

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Foreign Bank & Financial Accounts

If you have a financial interest in or signature authority over a foreign financial account, including a bank account, brokerage account, mutual fund, trust, or other type of foreign financial...

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U.S. Taxation of Foreign Business Income

The TCJA shifts the U.S. corporate taxation of foreign earnings to a "quasi-territorial" system, which, for corporate shareholders of a foreign corporation, may result in no U.S. tax with respect to...

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The 10 Biggest Money Leaks in Your Accounting System

The last thing entrepreneurs want is for their hard-earned dollars to go down the drain because of a money leak in their business. Since so many entrepreneurs are working harder than ever before...

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Estate Planning Wills Probate & Transfer of Assets

  A will allows the testator (the person creating the will) to specify: • Who receives property at the testator’s death. • Whether beneficiaries receive gifts outright or in trust. • Who will act as...

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Alternative Minimum Tax (AMT): What You Need to Know

The alternative minimum tax was originally enacted to ensure that high-income taxpayers pay at least a minimum amount of tax if they benefit from certain deductions and other tax preference items....

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