The Kohn Partnership, LLP

06/10/2024

I read an article today about a woman who was able to undergo IVF due to raising over $13,000 on a crowdfunding site. It's incredible that complete strangers were able to make her dreams of becoming a mother come true!

05/06/2024

70 years ago today, Roger Bannister, a 25 year old British man, became the first man to run a mile in under four seconds. For many many years nobody believed it was possible, and thus no one had achieved it. Once he brok...

03/06/2024

https://lizachollet.com/f/save-yourself-valuable-time-and-stress---dont-call-the-irs

Only call the IRS if you absolutely need to.

03/06/2024

More automation at the IRS which should save taxpayers time!

Only call the IRS if you absolutely need to.

02/27/2024

"An ounce of prevention is worth a pound of cure" ~Benjamin Franklin

If you have a major change in your personal or professional life, you should double check your withholding on your W-2. Usually people rely on filling out the front page of the W-4 to decide how much to withhold. Don't b...

02/27/2024

Reach out and hug someone! You never know the impact!

Sometimes a hug can make such a huge difference in how we are feeling! My first daughter was born at 30 weeks; 10 weeks premature. She spent 7 weeks in the Neonatal ICU (the NICU). We spent many days and nights up there ...

02/12/2024

The general rule is that you pay income tax in the state in which your income is earned. So what does that mean for professional athletes who arguably earn their income all over the country? Their state income taxes are ...

02/07/2024

Wendy's is giving out free cheeseburgers all week! When you give out free products or services (or a client doesn't pay you) can you deduct those fees as a loss?

Unfortunately, the answer is no. This is a very common question because most businesses confront this issue at one time or another. The lack of payment is not a deduction from your income taxes. However, if you purchased supplies, products, or have overhead related to those products or services, those can be deducted.

For a business that has inventory, it is very important to have the right accounting practices in place so that you are able to deduct the costs of products you donate or discount.

If you want to know more, feel free to reach out to me at [email protected] for more information.

If you just want to find out more about free Wendy's cheeseburgers - here's a link for more info: https://www.msn.com/en-us/money/companies/wendy-s-is-giving-away-free-cheeseburgers-this-week-here-s-how-you-can-get-one/ar-BB1hVkjU.

Fast food burger chain Wendy's is giving away free cheeseburgers until Monday, Feb. 12. Here's how you can get one.

01/29/2024

Look who made the Riverfront Times list of Best Attorneys for 2023! Congratulations to our very own Michael Kohn! Check it out here...https://vote.riverfronttimes.com/people-and-places/best-attorney

03/08/2023

We are very proud to announce that Liza Chollet of The Kohn Partnership has been named one of the Best M&A Providers in St. Louis for 2023!