Kutchins, Robbins & Diamond LTD.

Certified Public Accountants

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Coronavirus (COVID-19) Tax and Employment Legislation Updates

Please note:  This article will be updated daily with information regarding the coronavirus in the U.S. and the state of Illinois. Last updated on April 20, 2020.  

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CARES Act: Required Minimum Distributions Suspended

Stay informed on the latest tax and employment legislation updates during the Coronavirus outbreak. 

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How to Protect Yourself from Tax Scams

There are many tax scams out there with the purpose of stealing your identity, stealing your money, or filing fraudulent tax returns using your private information. Tax scammers work year-round, not...

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What Are the Retirement Contribution Limits for 2020?

As the new year approaches, now is a great time to familiarize yourself with retirement contribution limits. Whether you're contributing to a traditional, SEP IRA or Roth IRA, it's important to know...

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Types of Stock Options

The items below detail various types of U.S. stock options that can be made available to staff and management. An interested company will need to have a valuation performed annually to determine the...

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Individual Retirement Accounts: Inherited IRAs

Taxpayers generally must begin withdrawing money from their IRA or retirement account upon reaching age 70½. The required minimum distribution (RMD) is the minimum amount that must be withdrawn each...

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