The Architect of Your Business
Happy Tax Season!
Hi . And the end is near! My mom texted me the other day and said “the light at the end of the tunnel”! Almost! As of right this instant we have about 200 returns to finish – so yes we are still running! Again, beyond grateful for my team – and our clients! 

Spring is finally starting to show up around here and people are out and about! We will be too soon. Enjoy the sunshine! OK – time to get back to work!
Laura M. Mraz, EA - LMM & Associates, Inc.
11017 N. Woodstock St., P.O. Box 741 | Huntley, IL | 847.458.2460

April 15 - Tax Day (the happiest day of the year)!
April 19 - Office Closed (R&R for the team)
April 21 - Happy Easter!
"Don’t fake it till you make it That’s garbage advice. Face it till you make it. Get up. Work hard. Fail. Stand Back up. Face it again. Do a little better. Fail again. Get back up. REPEAT!" Unknown
Saving for College - Qualified Tuition Plans
Many of you are already aware that contributing to a qualified tuition plan, commonly referred to as a 529 plan, can be a tax-free way to save for your child’s college education. But did you know that the Tax Cuts and Jobs Act added a provision that also allows you to use a 529 plan to pay for the enrollment costs for your child to attend an elementary or secondary public, private or religious school?

There is one catch, however . While distributions from a 529 plan for college expenses are unlimited provided they are used to pay for qualified educational expenses, distributions for elementary or secondary education expenses are limited to $10,000 per year per designated beneficiary.
Did You Get a Letter from the IRS?
Once you've filed your return and received your refund, you're done, right? Each year the IRS sends millions of letters and notices to taxpayers for a variety of reasons.

LMM & ASSOCIATES, INC. | Visit Our Website