NICHOLAS G. VARDALOS & COMPANY, LLC
CERTIFIED PUBLIC ACCOUNTANT
YOUR TRUSTED ADVISOR
Nicholas G. Vardalos & Company is a full service accounting firm serving clients throughout the Chicago metropolitan area, northwest Indiana and southwest Michigan.
Brought to you by the American Institute of CPAs
Founded in 1887, the AICPA represents the CPA profession nationally regarding rule-making and standard-setting, and serves as an advocate before legislative bodies, public interest groups and other professional organizations. The AICPA develops standards for audits of private companies and other services by CPAs; provides educational guidance materials to its members; develops and grades the Uniform CPA Examination; and monitors and enforces compliance with the profession’s technical and ethical standards.
The AICPA’s founding established accountancy as a profession distinguished by rigorous educational requirements, high professional standards, a strict code of professional ethics, a licensing status and a commitment to serving the public interest.
- The IRS issued two sets of proposed regulations for Trump accounts, pilot program (March 9, 2026)
- IRS Dirty Dozen adds new capital gains scheme for 2026 (March 6, 2026)
- Navigating the Form 1099-DA reporting maze (March 6, 2026)
- IRS proposal eases provision of 1099-DA statements by digital asset brokers (March 5, 2026)
- IRS issues higher 2026 depreciation limits for passenger automobiles (March 4, 2026)
- New Schedule 1-A for tips, OT, car loans, and senior deductions published (March 2, 2026)
- Senate bill targets preparers who break the law, expands IRS reforms (March 2, 2026)
- IRS removes associated-property rule from interest capitalization regulations (February 28, 2026)
- IRS should open Trump accounts for eligible children automatically, AICPA says (February 27, 2026)
- AICPA seeks guidance on Sec. 174A(c) capitalization and amortization of R&E (February 20, 2026)
- Average tax refund rises 11%; total filings decline (February 19, 2026)
- New AI-powered tax planning feature (February 10, 2026)
- IRS broadens Tax Pro Account for accounting firms and others (February 9, 2026)
- Businesses urge Treasury to destroy Beneficial Ownership Information (BOI) data and finalize exemption (February 6, 2026)
- What you need to know about financial gifts (February 3, 2026)
- How to ease taxes on inherited IRAs (February 2, 2026)
- How to safeguard your financial data (January 29, 2026)
- A guide to tax relief programs (January 29, 2026)
- What not to do with your inheritance (January 25, 2026)
- IRS releases FAQs on qualified overtime pay deduction under H.R. 1 (January 23, 2026)
- Sec. 30D credit not allowed in 2019 for vehicle purchased in 2013 (January 23, 2026)
- IRS head announces changes before tax season (January 20, 2026)
- The difference between money and wealth (January 13, 2026)
- Proposed regulations amend Sec. 3406 backup withholding regulations (January 9, 2026)
- IRS to start accepting and processing tax returns on Jan. 26 (January 8, 2026)
- Electronic filing for business tax returns starts next week (January 7, 2026)
- AICPA calls on IRS to automate Sec. 1033 extension requests (January 6, 2026)
- Proposed regulations provide guidance on car loan interest deduction (January 5, 2026)
- Tax mistakes to avoid in your first year of retirement (January 4, 2026)
- Business standard mileage rate increases for 2026 (January 2, 2026)
- IRS updates FAQs on business interest limitation, premium tax credit (December 23, 2025)
- AICPA proposes changes to independence rules related to private equity (December 19, 2025)
- Corporate Transparency Act, source of Beneficial Ownership Information (BOI) reporting mandate, held constitutional (December 17, 2025)
- Even an expert says: Digital asset reporting creates headaches (December 17, 2025)
- Big changes hit federal student loan program (December 15, 2025)
- IRS clarifies health savings account changes in H.R. 1 in new notice (December 9, 2025)
- Passthrough Entities (PTEs) need more notice of changes, more time to respond, AICPA says (December 8, 2025)
- IRS announces proposed regulations on international tax law provisions in One Big Beautiful Bill Act (OBBBA) (December 5, 2025)
- IRS outlines details for Trump accounts (December 3, 2025)
- Tax Court denies bad-debt deduction (December 1, 2025)
- New regulations reshape 1% stock buyback tax, drop funding rule (December 1, 2025)
- Second Circuit reverses Tax Court’s dismissal of deficiency petition (December 1, 2025)
- Estate’s portability electionheld invalid (December 1, 2025)
- About 1 million taxpayers to get automatic penalty relief next year (November 24, 2025)
- IRS clarifies how employees can claim 2025 tip and overtime deductions (November 21, 2025)
- AICPA warns that merger of IRS offices would ‘confuse’ taxpayers (November 19, 2025)
- Is the IRS just between shutdowns? Former IRS commissioners are worried (November 18, 2025)
- Going into debt for holiday spending? You’re not alone (November 14, 2025)
- Inflation adjustments to retirement account limits issued for 2026 (November 13, 2025)
- Employers get reporting relief on tips, overtime; won’t face penalties for tax year 2025 (November 6, 2025)
- IRS ends Direct File, shifts focus to Free File upgrades and private sector (November 6, 2025)
- Real estate tax changes that advisers need to understand (November 6, 2025)
- Tax Court allows ordinary deduction of termination fees (November 1, 2025)
- Sixth Circuit affirms application of split-dollar regulation (November 1, 2025)
- Frivolous arguments rejected by Tax Court (November 1, 2025)
- Reputation, security, compliance: Why AI risk disclosures are surging (October 29, 2025)
- A guide to the Great Wealth Transfer (October 26, 2025)
- The high cost of increased inflation (October 24, 2025)
- Social Security wage base and COLA announced for 2026 (October 24, 2025)
- Congress passes bill requiring IRS to clarify math error notices (October 22, 2025)
- AICPA seeks IRS guidance on tip, overtime tax deductions for 2025 (October 22, 2025)
- IRS offers relief on car loan interest reporting under H.R. 1 (October 21, 2025)
- The No. 1 mistake that bosses make (October 16, 2025)
- Why you shouldn’t react too quickly to feedback (October 15, 2025)
- Annual inflation adjustments announced for tax year 2026 (October 9, 2025)
- Shutdown concerns, the quest for tax guidance, the future of IRS service (October 8, 2025)
- Job cuts mean strong 2025 tax season may be hard to repeat, IRS watchdog warns (October 2, 2025)
- IRS removes associated property rule in final interest capitalization regulations (October 1, 2025)
- Flowthrough forfeiture loss deduction denied (October 1, 2025)
- IRS fails to meet its burden that a valid notice of deficiency was mailed timely (October 1, 2025)
- Spouse is not entitled to sales proceeds in a judicial sale of taxpayer’s home (October 1, 2025)
- IRS withdraws proposed regulations affecting corporate spinoff transactions (September 30, 2025)
- IRS trims Preparer Tax Identification Number (PTIN) fee as renewal season nears (September 29, 2025)
- IRS shutdown plan: Employees stay on the job for first 5 workdays (September 29, 2025)
- Paper tax refund checks on the way out as IRS shifts to electronic payments (September 24, 2025)
- IRS keeps per diem rates unchanged for business travel year starting Oct. 1 (September 23, 2025)
- Details on IRS proposed regulations on tip income deduction (September 19, 2025)
- Preserving the limitation statute for Employee Retention Credit (ERC) claims (September 16, 2025)
- Private equity and peer review: Proposed change targets consistency (September 16, 2025)
- Credit scores drop at fastest pace since the Great Recession (September 16, 2025)
- IRS releases draft form for tip, overtime, car loan, and senior deductions (September 15, 2025)
- IRS finalizes regulations for Roth catch-up contributions under SECURE 2.0 (September 15, 2025)
- IRS warns taxpayers: Social media advice can lead to costly penalties (September 9, 2025)
- Global tax deal could hurt US companies, says letter requesting OECD guidance (September 8, 2025)
- Treasury posts preliminary list of jobs eligible for no tax on tips (September 4, 2025)
- Maximizing AI’s return on investment (September 1, 2025)
- Taxpayer’s circumstances do not warrant equitable tolling (September 1, 2025)
- Tax Court denies $23 million façade easement deduction (September 1, 2025)