Kutchins, Robbins & Diamond, Ltd. Certified Public Accountants and Advisors

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The Gift Tax, the Exclusion and the Lifetime Exemption

IRS Definition of Gift — “Any transfer to an individual, either directly or indirectly, where full consideration (measured in money or money’s worth) is not received in return.”

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Gifting (Transferring Assets) and Medicaid Penalties

If you’re considering transferring assets (including cash, giving gifts for holidays, weddings, birthdays or graduations); or if you plan to buy something for a friend or relative, or you want to gift to charities, it could affect your Medicaid long-term care benefits; you need to be careful because giving away money or property can interfere […]

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KRD Named One of the Best Places to Work in IL – 2016

Kutchins, Robbins & Diamond, Ltd. (KRD) was recently named as one of the 2016 Best Places to Work in Illinois. This is the fifth year for KRD to be recognized.

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    CONTACT

    SCHAUMBURG

    1051 Perimeter Drive, 9th Floor
    Schaumburg, IL 60173

    Office: 847-240-1040
    Fax: 847-240-1055

    CHICAGO

    35 E. Wacker Dr., Suite 690
    Chicago, IL 60601

    Office: 312-201-6450
    Fax: 312-201-1286