
Gift Tax vs. Estate Tax: What Illinois Families Need to Know
Federal estate exemption is $15M in 2026, but Illinois taxes estates over $4M. Learn how gift and estate taxes work and what families should plan for.
April 9, 2026
By
Susan S. Lewis
[1] Family Law
[2] High-Asset Divorce
[3] Trust Division

How to Fight Inflation in Illinois: Practical Strategies for Business Owners
Wondering how to deal with inflation as an Illinois business owner? Lewis.cpa breaks down the financial moves that actually protect your bottom line!
April 2, 2026
By
Susan S. Lewis
[1] Family Law
[2] High-Asset Divorce
[3] Tax Implications

Year-End Tax Planning Strategies: Lessons from 2025 and a Roadmap for 2026
Bridge 2025 and 2026 with smart tax planning. Lewis.cpa shares actionable strategies! Start planning now for maximum savings.
January 9, 2026
By
Susan S. Lewis
[1] Family Law
[2] High-Asset Divorce
[3] Tax Implications

How to Choose the Right Accounting Software for Your Business
Discover how to select the best accounting software for your Illinois business. Get professional recommendations from Lewis.cpa!
December 23, 2025
By
Susan S. Lewis
[1] Family Law
[2] High-Asset Divorce
[3] Tax Implications

Do Guaranteed Payments Affect Tax Basis? Why It Matters for Cash Flow.
Get answers on self-employment tax, distributions, and partner compensation strategies. Call us now for expert tax planning strategies!
December 18, 2025
By
Susan S. Lewis
[1] Family Law
[2] High-Asset Divorce
[3] Tax Implications

Corporate Tax vs. Personal Tax: What Every Taxpayer Should Know
Corporate tax at 21% flat rate vs personal tax up to 37%? Learn which structure works better for your business and tax planning goals.
October 16, 2025
By
Susan S. Lewis
[1] Family Law
[2] High-Asset Divorce
[3] Tax Implications

How to Change Federal Tax Withholding on Social Security Payments
How to set up federal tax withholding on Social Security payments using Form W-4V or online tools. Contact Lewis.cpa now for a consultation!
October 9, 2025
By
Susan S. Lewis
[1] Personal Injury
[2] Workplace Injuries
[3] Social Security Disability

Are Partnership Distributions Taxable?
Confused about your partnership distributions and Illinois taxes? Get clear answers on comprehensive tax planning services from Lewis.cpa.
August 14, 2025
By
Susan S. Lewis
[1] Family Law
[2] High-Asset Divorce
[3] Tax Implications

Why Do I Owe Taxes This Year When Nothing Changed?
Did your tax bill surprise you? Lewis.cpa, Illinois' trusted CPAs, explains common factors for owing taxes and how to plan for next year.
June 20, 2025
By
Susan S. Lewis
[1] Family Law
[2] High-Asset Divorce
[3] Tax Implications

What Happens If You File Your Taxes Late? Penalties & Consequences.
Missed the tax deadline? Lewis.cpa explains the IRS rules and offers tips to help you file on time or manage late filing. Contact us for a consultation!
May 26, 2025
By
Susan S. Lewis
[1] Criminal Defense
[2] White Collar Crimes
[3] Failure to File Returns

What Is a 1098 Form Used For? Mortgage Interest and More.
Confused about? Lewis.cpa breaks down what Form 1098 is used for & who needs to file it. Schedule your consultation now to ease your tax payments!
May 21, 2025
By
Susan S. Lewis
[1] Family Law
[2] Property Division
[3] Real Estate Division

Does Being Married Help with Taxes? What Every Couple Needs to Know.
Does being married help with taxes? Lewis.cpa explains the tax benefits and potential drawbacks for married couples. Learn how to file jointly or separately.
May 19, 2025
By
Susan S. Lewis
[1] Family Law
[2] Spousal Support
[3] Alimony Calculation

What Is the Difference Between a W-2 and a W-4: βKey Insights Explained
Discover the key differences between W-2 and W-4 forms and how they impact your taxes with Lewis.cpa! Contact us for a consultation now!
May 12, 2025
By
Susan S. Lewis
[1] Family Law
[2] High-Asset Divorce
[3] Executive Compensation

What Is a Schedule K-1 Tax Form: Turn Pass-Through Income into Tax Savings
Learn how to accurately report your Schedule K-1 income to maximize your deductions with Lewis.cpa. Contact us now to schedule an appointment!
May 8, 2025
By
Susan S. Lewis
[1] Family Law
[2] High-Asset Divorce
[3] Tax Implications

What Is a 1065 Tax Form: Partnership Returns Explained
Simplify your partnership tax filing with Lewis.cpa! We offer professional tax preparation and planning services for your business. Schedule a consultation now!
May 5, 2025
By
Susan S. Lewis
[1] Family Law
[2] High-Asset Divorce
[3] Tax Implications

Giving Inheritance Before Death: Significant Steps to Tax-Smart Giving
Lewis.cpa explains the advantages and disadvantages of giving inheritance before death. Contact us for a consultation to make informed decisions!
March 17, 2025
By
Susan S. Lewis
[1] Family Law
[2] High-Asset Divorce
[3] Trust Division

How to Choose a CPA: Your Guide to Financial Success
Find a qualified CPA for your needs β tax preparation, financial planning, and more with Lewis.cpa! π€© Get a free quote today and save money on taxes!
February 12, 2025
By
Susan S. Lewis
[1] Family Law
[2] High-Asset Divorce
[3] Tax Implications

What Is the Difference Between 1099-NEC and 1099-MISC?
Need help with 1099 forms? Learn the differences between 1099-NEC and 1099-MISC with Lewis CPA and ensure accurate tax filing. Contact us today!
February 5, 2025
By
Susan S. Lewis
[1] Family Law
[2] High-Asset Divorce
[3] Executive Compensation

Your Essential Guide to IRS Tax Changes for 2025
Stay informed on essential tax changes for 2025 that could impact your finances with Lewis.cpa! Contact us for a free consultation!
January 28, 2025
By
Susan S. Lewis
[1] Family Law
[2] High-Asset Divorce
[3] Tax Implications

What Is Form 8949 and How to Use It
Need assistance with Form 8949? Schedule your free consultation with Lewis CPA now and get expert tax preparation services to ensure compliant filing!
January 24, 2025
By
Susan S. Lewis
[1] Family Law
[2] Property Division
[3] Investment Portfolio Division

Your Guide to the Alternative Fuel Vehicle Refueling Property Credit
Explore the Alternative Fuel Vehicle Refueling Property Credit with Lewis CPA! Contact us today and maximize your savings!
December 20, 2024
By
Susan S. Lewis
[1] Family Law
[2] High-Asset Divorce
[3] Tax Implications

How to Get an Offer in Compromise Approved in 2025?
Reduce your IRS tax debt! Lewis CPA's guide explains the Offer in Compromise (OIC) process & helps you negotiate a lower payment.
December 18, 2024
By
Susan S. Lewis
[1] Criminal Defense
[2] White Collar Crimes
[3] Tax Crimes

What You Need to Know About Electric Vehicle Tax Credits
Lewis CPA provides essential information on electric vehicle tax credits! Learn how to maximize savings and navigate eligibility requirements!
December 9, 2024
By
Susan S. Lewis
[1] Family Law
[2] High-Asset Divorce
[3] Tax Implications

Can Teachers Deduct Classroom Expenses? Educator Expense Deduction Guide.
Discover if teachers can deduct classroom expenses and learn how to maximize potential savings with a trusted guide from Lewis CPA!
November 22, 2024
By
Susan S. Lewis
[1] Family Law
[2] High-Asset Divorce
[3] Tax Implications

Accounting Profession in Crisis: Your Guide to a Secure Future
The accounting profession is in crisis, but Lewis CPA offers practical solutions to help you find a reliable accountant. Contact us for effective strategies!
November 21, 2024
By
Susan S. Lewis
[1] Family Law
[2] High-Asset Divorce
[3] Tax Implications

What Is the Difference Between LLC, S Corp, and C Corp?
C Corp, S Corp, or LLC? π€ Get expert guidance from Lewis CPA and make the best choice for your business!
November 6, 2024
By
Susan S. Lewis
[1] Family Law
[2] High-Asset Divorce
[3] Business Valuation

Estate Tax Planning Strategies: A Guide to Preserved Financial Future
Secure your family's financial future with Lewis CPA's expert estate tax planning strategies and maximize your estate!
October 30, 2024
By
Susan S. Lewis
[1] Family Law
[2] High-Asset Divorce
[3] Trust Division

How to Manage Payroll for Small Business: Your Guide to Efficient Payment
Discover the secrets of how to manage payroll for a small business with Lewis CPA strategies. Get expert advice, tools, and resources right now.
September 18, 2024
By
Susan S. Lewis
[1] Family Law
[2] High-Asset Divorce
[3] Executive Compensation

How Do Tax Credits Work? Everything You Need to Know.
Learn how tax credits work with Lewis CPA! Discover the potential savings you could be missing and how to claim different tax credits.
September 11, 2024
By
Susan S. Lewis
[1] Family Law
[2] High-Asset Divorce
[3] Tax Implications

How to Get Out of Debt: Your Step-by-Step Guide
Tired of too much debt? Discover effective debt reduction strategies and get expert financial guidance from Lewis CPA. Free consultation is available.
August 16, 2024
By
Susan S. Lewis
[1] Family Law
[2] Property Division
[3] Debt Division

Using Your IRA to Purchase a Home: Your Personal Guide
Dreaming of owning a home? Learn if IRA withdrawal for home purchase is possible and explore the rules with Lewis CPA. Free consultation is available.
August 15, 2024
By
Susan S. Lewis
[1] Family Law
[2] Property Division
[3] Retirement Account Division

Secure Your Legacy: Asset Protection in Estate Planning
Worried about protecting your wealth? Secure it with a professional asset protection plan. Take control of your financial future with Lewis CPA. π
July 17, 2024
By
Susan S. Lewis
[1] Family Law
[2] High-Asset Divorce
[3] Trust Division

Tax-Efficient Retirement Strategies: A Comprehensive Guide
Worried about taxes eating away at your retirement savings? Learn tax-efficient strategies to maximize your income and secure your future. Contact Lewis CPA!
June 14, 2024
By
Susan S. Lewis
[1] Family Law
[2] Property Division
[3] Retirement Account Division

Tax Benefits of Real Estate Investing: A Guide for 2025
Unlock the tax benefits of real estate investing! Learn about deductions, strategies, & how to minimize taxes for optimal returns with Lewis CPA experts.
May 27, 2024
By
Susan S. Lewis
[1] Family Law
[2] Property Division
[3] Real Estate Division

What Is Tax Yield Income? A Comprehensive Guide
Learn what tax yield income is & how to maximize returns with munis & tax-smart investments. Start building your tax-efficient portfolio with Lewis CPA today!
May 23, 2024
By
Susan S. Lewis
[1] Family Law
[2] Property Division
[3] Investment Portfolio Division

IRS Audit Red Flags: How to Avoid Getting Tax Audited
Worried about IRS audits? We know how to dodge them! Learn the top triggers and get expert tips on minimizing risk. Stay audit-free with Lewis CPA!
March 27, 2024
By
Susan S. Lewis
[1] Criminal Defense
[2] White Collar Crimes
[3] Tax Evasion

A Guide to Navigating Hotel Taxes in Chicago, IL
Understand Chicago's hotel tax intricacies with Lewis CPA.
March 6, 2024
By
Susan S. Lewis
[1] Family Law
[2] High-Asset Divorce
[3] Tax Implications

Is Estate Planning Tax Deductible? A Comprehensive Guide
Learn whether estate planning fees are tax deductible and stay updated on deductions allowed amid recent tax reform. Optimize your taxable income with Lewis CPA!
March 5, 2024
By
Susan S. Lewis
[1] Family Law
[2] High-Asset Divorce
[3] Trust Division

Passive vs. Non-Passive Income Tax: Whatβs the Difference?
Discover the disparities between passive and non-passive income tax. Learn how these variations can impact your financial strategy.
February 2, 2024
By
Susan S. Lewis
[1] Family Law
[2] Property Division
[3] Investment Portfolio Division

IRS Mileage Rate Guide for Illinois Business Owners
Explore the 2026 IRS mileage rates and gain insights into what to anticipate for your tax deductions. Stay informed with Lewis.cpa! π
February 20, 2026
By
Susan S. Lewis
[1] Family Law
[2] High-Asset Divorce
[3] Tax Implications

Mastering Tax Efficiency: How to Minimize Your Rental Property Taxes
Explore expert strategies and tips to minimize your rental property taxes. Learn from our tax professionals and optimize your real estate investments today!
January 9, 2024
By
Susan S. Lewis
[1] Family Law
[2] Property Division
[3] Real Estate Division

Is Tax Topic 151 an Audit? Understanding IRS Notices.
Discover what does Tax Topic 151 letter mean and learn the essential steps to take when you receive this IRS notice.
October 24, 2023
By
Susan S. Lewis
[1] Criminal Defense
[2] White Collar Crimes
[3] Tax Crimes

Decoding Pass-Through Entities: A Comprehensive Guide
Navigate the intricacies of pass-through entities with our comprehensive guide. Decode the nuances of taxation, benefits, and state-level considerations.
September 20, 2023
By
Susan S. Lewis
[1] Family Law
[2] High-Asset Divorce
[3] Tax Implications

How Are Property Taxes Calculated in Illinois?
Discover how property taxes are calculated in Illinois, considering assessed values and local rates. Navigate the process with insights from our informative guide.
September 15, 2023
By
Susan S. Lewis
[1] Family Law
[2] Property Division
[3] Real Estate Division

Internal Audit vs. External Audit: Whatβs the Difference?
Internal and external audit play crucial roles in assessing a company's financial health and ensuring compliance, but they differ in scope, purpose, and approach.
August 16, 2023
By
Susan S. Lewis
[1] Family Law
[2] High-Asset Divorce
[3] Forensic Accounting

The Ultimate Guide to LLC Taxes in Illinois
Master Illinois LLC taxes with our expert tips for stress-free filing and maximizing deductions. Stay compliant and save money!π°
August 18, 2025
By
Susan S. Lewis
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Illinois S Corp Tax: The Ultimate Guide
Discover key insights into Illinois S Corporation tax laws for 2023. Understand filing requirements, deductions, and tax strategies to optimize your S Corp's tax liability.
July 24, 2023
By
Susan S. Lewis
[1] Family Law
[2] High-Asset Divorce
[3] Tax Implications

Filing Multiple State Tax Returns: A Comprehensive Guide
Conquer filing taxes in two states: residency rules, liabilities + tips. Your comprehensive guide to navigate with confidence.
July 12, 2023
By
Susan S. Lewis
[1] Family Law
[2] High-Asset Divorce
[3] Tax Implications

Tax Strategies for High-Income Earners in 2026: How to Reduce Your Tax Bill
What tax strategies work for high income earners? Learn how income type, capital gains, deductions, and tax laws affect taxable income in 2026.
February 25, 2026
By
Susan S. Lewis
[1] Family Law
[2] High-Asset Divorce
[3] Tax Implications

Audit vs. Assurance β What Is the Difference?
Discover the key differences between audit & assurance and how to best use these services for your financial success. Read our in-depth article to learn more about improving your financial outcomes.
April 11, 2023
By
Susan S. Lewis
[1] Family Law
[2] High-Asset Divorce
[3] Forensic Accounting

Non-Profit Audit: A Complete Guide
Nonprofit audits help identify opportunities for improvement in financial strategies. Learn the main types of audits, their requirements and what to do before it in our guide.
April 7, 2023
By
Susan S. Lewis
[1] Family Law
[2] High-Asset Divorce
[3] Forensic Accounting

How to Avoid the Illinois Estate Tax
Discover strategies to minimize the Illinois estate tax and optimize wealth transfer! Secure your legacy today! π°π‘
June 19, 2025
By
Susan S. Lewis
[1] Family Law
[2] High-Asset Divorce
[3] Trust Division

Small Business Tax Planning: Top 10 Strategies to Reduce Tax Liability
Reduce tax liability and boost profits with these top 10 tax planning strategies for small businesses. Expert tips to keep more of your hard-earned money!
January 13, 2023
By
Susan S. Lewis
[1] Personal Injury
[2] Workplace Injuries
[3] Social Security Disability

Does Illinois Tax Social Security?
Does Illinois tax social security benefits and social security income? Check our article to learn the basics.
December 12, 2022
By
Susan S. Lewis
[1] Personal Injury
[2] Workplace Injuries
[3] Social Security Disability

Seven Reasons Why Your Small Business Needs a Bookkeeper
Bookkeeping is crucial to keep your small business running. Learn why is bookkeeping important for small businesses and how it can help you.
November 22, 2022
By
Susan S. Lewis
[1] Family Law
[2] High-Asset Divorce
[3] Tax Implications

Should I Hire a Bookkeeper or an Accountant for My Small Business?
Bookkeeping vs accounting. What do you need for your small business? Learn the key differences in our article to meet the right decision.
November 17, 2022
By
Susan S. Lewis
[1] Family Law
[2] High-Asset Divorce
[3] Tax Implications

Payroll Year-End Checklist for Your Small Business
Learn how to complete year-end payroll using this year-end payroll checklist to make year-end processing seamless for your small business.
January 13, 2026
By
Susan S. Lewis
[1] Family Law
[2] High-Asset Divorce
[3] Executive Compensation

Outsourced CFO Services: All You Need to Know
Outsourced CFO services are a smart solution that can benefit growing business. Learn benefits, main services and more in our guide!
October 19, 2022
By
Susan S. Lewis
[1] Family Law
[2] High-Asset Divorce
[3] Business Valuation

What Is Negative Cash Flow? 8 Tips to Improve It.
Wondering what is negative cash flow? Learn whether negative cash flow is bad for your small business and how to improve it.
September 26, 2022
By
Susan S. Lewis
[1] Family Law
[2] High-Asset Divorce
[3] Tax Implications

Illinois Small Business Taxes: Business Owners' Guide
Find out which taxes your Illinois small business owes in 2026 β corporate, sales, payroll, franchise, and more. Rates, deadlines, and expert tips from Lewis.cpa.
April 10, 2026
By
Susan S. Lewis
[1] Family Law
[2] High-Asset Divorce
[3] Tax Implications

Comprehensive Income: a Definition and Examples
Understand your company's true earnings with comprehensive income! Get the complete financial picture and stay ahead of the curve in 2024.π
May 3, 2024
By
Susan S. Lewis
[1] Family Law
[2] High-Asset Divorce
[3] Tax Implications

Small Business Payroll Taxes: A Beginners Guide
Understanding payroll taxes is essential for small business owners. Learn the basics of small business payroll taxes in our article.
September 7, 2022
By
Susan S. Lewis
[1] Family Law
[2] High-Asset Divorce
[3] Executive Compensation

Small Business Financial Planning: Guide and Best Tips to Follow
Financial planning is crucial for small business owners. Learn how your business can benefit from it and discover the best business financial planning tips!
September 5, 2022
By
Susan S. Lewis
[1] Family Law
[2] High-Asset Divorce
[3] Tax Implications

10 Benefits of Outsourcing Bookkeeping for Your Small Business
Are you wondering why you should outsource bookkeeping services? It is really worth it! Discover the benefits of outsourcing bookkeeping for your small business.
September 1, 2022
By
Susan S. Lewis
[1] Family Law
[2] High-Asset Divorce
[3] Tax Implications

IRS Representation: Who Can Represent You Before the IRS?
Filing your taxes with the IRS is something that you have to do every year. Are you wondering who can represent you before IRS? Learn all possible options.
August 31, 2022
By
Susan S. Lewis
[1] Criminal Defense
[2] White Collar Crimes
[3] Tax Crimes

What Is Cash Flow: Definition, Types, & Everything You Need to Know
This is our full guide to cash flow: learn what it is, how to calculate cash flow, and how to prepare cash flow statements from this post.
August 30, 2022
By
Susan S. Lewis
[1] Family Law
[2] High-Asset Divorce
[3] Tax Implications

How to Pay Yourself as a Small Business Owner
In this post, you will find the guide on how to pay yourself whether you own an LLC, S-Corp, C-Corp, or any other business structure. Read now!
August 29, 2022
By
Susan S. Lewis
[1] Family Law
[2] High-Asset Divorce
[3] Executive Compensation

What Is a W-4 Form and How to Fill It Out in 2025?
This is a step-by-step instruction on how to file a W-4 form: learn everything about W-4 form from the certified accountants in our new post!
August 23, 2022
By
Susan S. Lewis
[1] Family Law
[2] High-Asset Divorce
[3] Executive Compensation

How to Calculate Startup Costs for Small Businesses in Illinois
Wondering how much it costs to start a business? Our post will explain to you how to calculate your startup expenses easily. Read now!
April 24, 2026
By
Susan S. Lewis
[1] Family Law
[2] High-Asset Divorce
[3] Business Valuation

How to Prepare an Income Statement in Simple Steps: Full 2025 Guide
Confused about how to make an income statement? Let Lewis CPA guide you! Learn how a clear and accurate income statement should be prepared.
August 19, 2022
By
Susan S. Lewis
[1] Family Law
[2] High-Asset Divorce
[3] Tax Implications

Small Business Tax Deductions: What You Need to Know
Discover 21 essential small business tax deductions in 2024. π§Ύ Maximize savings and lower your tax bill with expert insights!
December 1, 2023
By
Susan S. Lewis
[1] Family Law
[2] High-Asset Divorce
[3] Tax Implications

Best Accounting Software for Small Business in 2025
Let's learn in this article the best small business accounting software which can help owners of small businesses track their accounts and expenses.
July 4, 2022
By
Susan S. Lewis
[1] Family Law
[2] High-Asset Divorce
[3] Tax Implications

Top 10 Smart Tax Filing Tips for Small Business in 2025 to Make Taxes Less Stressful
Do you know small business tax tips? Knowing how to keep up with taxes for small business owners is some of the best tips you'll ever find. Let's read here!
June 7, 2022
By
Susan S. Lewis
[1] Family Law
[2] High-Asset Divorce
[3] Tax Implications

What Is 1120 Form and How to File It
1120 tax form is the document that corporations file with the IRS every year. Here's everything you need to know about the form, including instructions for form.
June 6, 2022
By
Susan S. Lewis
[1] Family Law
[2] High-Asset Divorce
[3] Tax Implications

Taxable vs. Non-Taxable Income: 16 Sources of Non-Taxable Income in 2025
What's the difference between taxable and non-taxable Income? And what are the examples of nontaxable income? Learn all answers in our guide!
May 12, 2022
By
Susan S. Lewis
[1] Personal Injury
[2] Workplace Injuries
[3] Social Security Disability
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All You Need to Know About IRS Audit: Audit Types and Reasons You Might Get Audited
When the IRS notifies a taxpayer of an impending audit, your reaction is dread. Read and get a knowledge of how you can get rid of alarm!
May 6, 2022
By
Susan S. Lewis
[1] Criminal Defense
[2] White Collar Crimes
[3] Tax Crimes

How to Set Up a Payroll System for Your Business: 2025 Guide
Setting up payroll for a small business is a crucial step. Once you understand what payroll is, you can get down to business setting up your system. Let's read on!
March 31, 2022
By
Susan S. Lewis
[1] Family Law
[2] High-Asset Divorce
[3] Executive Compensation

What Is a 1040 Form and How to File It
Have a hard time choosing the form to declare your annual income? Do you know what the 1040 tax form is? Read more about it in our new article!
March 30, 2022
By
Susan S. Lewis
[1] Family Law
[2] High-Asset Divorce
[3] Tax Implications

Do You Need to Hire a CPA for Your Business?
Today many people do their taxes and keep their own books. If you have a small business you'd better have an accountant for it. Read this post if you doubt it!
March 23, 2022
By
Susan S. Lewis
[1] Family Law
[2] High-Asset Divorce
[3] Tax Implications
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Accountant vs. CPA: Which to Choose for Your Business
As a business owner, itβs not possible for you to be in charge of every aspect of your business. Here is our guide on differences between accountant and CPA!
March 17, 2022
By
Susan S. Lewis
[1] Family Law
[2] High-Asset Divorce
[3] Forensic Accounting

How to Prepare for Tax Season: A Checklist for Successful Filing
Tax season is coming and you need to file a tax return? Lewis.cpa provides a comprehensive guide for your needs. Contact us for a free consultation now!
January 8, 2026
By
Susan S. Lewis
[1] Family Law
[2] High-Asset Divorce
[3] Tax Implications