05 Oct
October 05, 2016

Most people dread the annual ritual of gathering all their tax documents, preparing their return, and the April 15th tax due date. Some people even choose to avoid the deadline and file an extension, prolonging the process. No matter how you approach it, your taxes will have to be filed.

The IRS has its own agenda for auditing tax returns each year. In general, here are some known areas the IRS likes to target when looking for individuals or entities to

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02 May
May 02, 2016

Here at Savant, we have many clients who live in Illinois for half the year and Florida for the other half. Often we are asked, “Can I change my residency to Florida to avoid Illinois state tax?” The answer is usually, “It depends.” So what does it really depend on? The State of Illinois looks at many different items to determine this, but the main ones are domicile, time spent in each state, and past court cases.

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24 Sep
September 24, 2015

You may recognize the phrase above, coined by the London Underground subway system. In London, “mind the gap” simply means to watch carefully as you exit the train to the platform, as there can be a gap between the surfaces. In an articleI read recently, this phrase was used in a different manner. It referred to the gap in age between millennials and baby boomers.

Did you know that by the end of 2015 millennials (people

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15 Jun
June 15, 2015

As the official first day of summer, June 21st, quickly approaches, many people have travel on their minds and schedules. Many of our clients hope to travel now and in retirement. Planning for a vacation is similar to planning for retirement; it is helpful to start early and be well organized from the beginning. If you are considering a vacation this summer, think about your budget, the timing of the trip, and items that could help make your vacation memorable

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10 Feb
February 10, 2015

Brainstorming topics to write about this month, I kept thinking about all the changes that happen during the transition from college into the real world for the first time. Being at this point in my life, I know firsthand about the learning curve that comes during this time. Questions that pop into my head often are: Am I spending too much on rent? Am I saving enough? Do I even know how much I am saving per month, if

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