Randy Abeles

"... always keep your returns, but you can get rld of your supporting materials after three years, because the federal government can't come back and challenge your tax returns," sald Randy Abeles, a tax manager with Chicago office of Consumer loan watch Gary S. Meyers Horwath, a large accounting firm. Abeles sald the government left Itself two loopholes ln this regulation both ..."

"... a separate card, and then by paying the bills. When parents provide more than half their support, the parents may claim the children as dependents for tax purposes, said Randy Abeles, partner at McGladrey Pullen in Chicago. lf the "children" are older, with children of their own and the bottom has failen out of their lives because of the recession, the ..."

"... always keep your returns, but you can get rid of your supporting materials after three years, because the federal government can't come back and challenge your tax returns," sald Randy Abeles, a tax manager with the Chicago office of Horwath, a large accounting firm. Abeles said the government left itself two loopholes in this regulation both designed to nail tax cheaters. Onc involves understatement of income; the other concerns tax fraud. “If an individual is ..."

"... Investigate S corporations back to 1983. Instead, it is prospective and will become effective only when approved, expected later this year. ?This really changes the game in midstream," sald Randy Abeles, a partner with the accounting firm of McGladrey lt Pullen, which serves primarily small, closely held businesses. "There ls a perceived abuse by the IRS." said Abeles. "But the abuse ls no greater ln an S corporation than in a C corporation." Rules for S corporations were established by Congress ln 1958 to provide a break for ..."