Dec 11

Only in Chicago

Talk about one expensive fish.  Last week, a mass poisoning of the Chicago Sanitary and Ship Canal, which cost about $3 million, was designed to kill off the invasive Asian carp that is threatening to destroy Lake Michigan’s echo system.  For those who are not familiar with the Asian carp situation, these huge fish eat just about everything and other fish species just can not compete.  The carp breed rapidly and can easily take over waterways, with many people fearing that once they reach Lake Michigan there is no stopping them.  Currently, there is an electric barrier in the canal which is designed to stop them from reaching the Lake, but some fear it may be too late.  Officials determined that the barrier needed repairs, but there were fears the carp would make a run, I mean swim, for it when the barricade was down.  So, it was decided that a mass poisoning was needed to make sure that didn’t happen.  The problem is that only one, that’s right a single Asian carp, was found amongst the thousands of dead fish.  That’s one expensive fishing trip.

The New Year Brings with it More than Just Cold Weather

With the New Year comes a number of new laws that go on the books here in Illinois.  Over the next couple of weeks I’ll update you on some of the more notable laws that will be going into effect January 1st.  Nearly 300 new statutes and regulations will take effect the first of the year, so keep an eye out as some are bound to be of importance to you.

Dec 07

Tax Assistance for Military Service Members

With tax season not far away, the Illinois CPA Society’s CPAs for the Public Interest, is partnering with the Internal Revenue Service to continue their free federal and state tax return assistance for recently returned and active duty service members and their immediate family.

With ongoing wars and a number of brave men and women from Illinois serving our country, any and all services which can be provided to our armed forces members are always greatly appreciated.  Volunteers are available to help qualified applicants take full advantage of tax benefits, filing deadlines, payment extensions and exclusions which are available to them.

If you are interested in participating in the Military Tax Assistance Program you can contact Jill Wiles at 800-993-0407 or by email wilesj@icpas.org.  There is absolutely nothing we can do to repay you for your service and sacrifice for our country, but the least we can offer is a small bit of help.

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