Partnership Form 1065, K-1 Filings Move Up 30 Days

  As we prepare for the 2017 tax season, Bronswick Benjamin would like to make sure you’re aware of important changes in due dates, including one that is moving up on the calendar to impact the vast majority of partnerships. Form 1065 (Return of Partnership Income) and Related Schedule K-1s. The 2016 Form 1065 for[…]

Recent Extension to the Application of the Work Opportunity Tax Credit

WOTC Additional Extension 2016 by www.bdo.com Congress recently extended the application of the work opportunity tax credit (the “WOTC”) to an employee who began working after December 31, 2014, and before January 1, 2020. Because the extension was not enacted until December 15, 2015, and the application for pre-screening an employee must be filed within[…]

The Affordable Care Act Six Years Later

Success or Failure? by John Green and Steven Shill, www.bdo.com The Affordable Care Act (ACA or, colloquially, Obamacare) was passed into law on March 23, 2010. To say that the ACA has generated a considerable amount of controversy over the past six years would be an understatement. The law has precipitated constant infighting between the[…]

IRS Phone Scam

Scam Alert: That’s Not The IRS Calling. We continue to see a rise in the number and sophistication of phone scams, with the IRS issuing a new alert we’d like to pass along to our valued clients of Bronswick Reicin Pollack. It’s important for you to understand the nature of this latest scam so you[…]

Bronswick Reicin Pollack Ltd. Promotes Caleb Lendy to Manager

Veteran CPA appointed to leadership position as firm grows throughout the Chicagoland area BRP is proud to announce the appointment of Caleb D. Lendy to the role of Manager see bio, where he will be responsible for overseeing the work of the firm’s CPAs as well as making a substantial contribution to BRP’s strategic growth[…]

Bronswick Reicin Pollack Ltd. Promotes Charles Martin, Jr. to Supervisor

Audit, valuation specialist to coordinate workflow and best practices for growing firm Bronswick Reicin Pollack, Ltd. (BRP) is proud to announce its promotion of Charles Martin, Jr., to the role of Supervisor. see bio A leader of BRP’s audit teams, Charles will enter his new position with responsibility for mentoring, training and reviewing the work[…]

Fighting IRS Identity Theft with Help from BRP

By: Karen Leavitt, CPA, CDFA Bronswick Reicin Pollack, Ltd. “Lately I’ve been hearing more about people encountering fraudulent activity related to their tax returns. What kind of things should I look out for on this now and in the future?” It’s not your imagination. While we’ve shared on this topic in past updates, the number[…]

The IRS Makes Mistakes Too — and BRP Is Ready for Them

By: Karen Leavitt, CPA, CDFA Bronswick Reicin Pollack, Ltd. “My refund check arrived but it’s smaller than what I thought it would be on my 1040. I’m concerned there may be a discrepancy. Is there anything I can do to find out for certain? Or am I basically at the mercy of the IRS?” Just[…]

Jack P. Knopoff, Partner, Bronswick Reicin Pollack, Ltd. Announces Retirement

After more than 30 years of service Jack Knopoff announced his retirement in December 2015. Jack began his career with the Chicago area accounting firm, Miller, Mandell & Co., which merged with the national firm, Laventhol, Krekstein, Horwath and Horwath. He left Laventhol to join Reicin Pollack in 1974 and became a Partner in 1978.[…]

IRS Scams on the Rise – Don’t be fooled – It is NOT the IRS calling.

In recent weeks, there has been an increase in IRS Imposter Scams. Fraud artists are calling people throughout the country posing as IRS agents. Currently, these calls are threatening lawsuits, and court appearances. Many of these fraud artists are using phone numbers that look like they are coming from Washington DC or other area codes[…]