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Abdalla Alyousef’s Very Last Minute Tax Moves for 2020

Abdalla Alyousef’s Very Last Minute Tax Moves for 2020

These weeks are disjointed, these holiday weeks. As of this writing, there are only three days left in 2020, and this week contains New Year's Eve and New Year's Day.So if you want to make ANY 2020 moves (outside of IRA things, which can be retroactively applied after...

Abdalla Alyousef’s Annual Holiday Prayer

Abdalla Alyousef’s Annual Holiday Prayer

This will be a different kind of note today than I normally post.Because the first thing to note is that a bona fide holiday miracle seems to have occurred: Congress agreed on another relief bill.Given this cultural climate, this might rank up there with the...

Five Key Habits of the Wealthy Chicago Clients We Serve

Five Key Habits of the Wealthy Chicago Clients We Serve

The clock is really ticking now on 2020.But before you celebrate, please -- for the love of Pete -- make SURE that you are getting whatever needs doing done NOW that might affect this year's taxes. I've been banging this drum the last couple weeks, but I know how...

Paying Off Debt by Abdalla Alyousef

Paying Off Debt by Abdalla Alyousef

Last month, I talked about [ENGBLOG]some potential moves Chicago taxpayers could make by the end of the year. I wanted to remind you of those possibilities before I get to what else I want to talk with you about... (paying off debt)Those were:Look ahead to 2021 --...

When Conventional Financial Advice Is Wrong by Abdalla Alyousef

When Conventional Financial Advice Is Wrong by Abdalla Alyousef

Is there such a thing any more as "conventional wisdom"?It's a fair question to consider as we retreat further and further into our ideological silos as a society -- only reading "news" from the slant that makes us feel smartest ("See, if [smart person I read] says...

Cultivating Gratitude for Thanksgiving 2020 in Chicago

Cultivating Gratitude for Thanksgiving 2020 in Chicago

I think we all need this week.2020 has been *so hard*, for so many in Chicago (and far beyond!). And it's not over yet -- from continued electoral fighting, to spikes in virus cases and increased governmental restrictions all over the place, and (of course) the murder...

Abdalla Alyousef’s Tax-Wise Charitable Giving Strategies

Abdalla Alyousef’s Tax-Wise Charitable Giving Strategies

Fatigue.Lockdowns, election politics, masks -- we THOUGHT we might be done with these things by now ... but nope. And I bet you're tired of it all. Most Chicago people are, aside from the zealots on every side. And I get it.That doesn't mean these things aren't...

Abdalla Alyousef’s Seven End of Year Tax Planning Strategies

Abdalla Alyousef’s Seven End of Year Tax Planning Strategies

Here we are, a week past the election, and it's looking like the year 2000 all over again, with a long, drawn-out process until there is final certification of this election. Back then, it took a full five weeks for all of the legal process to play out. Hopefully, by...

Effective Financial Documentation Strategies for Chicago Taxpayers

Effective Financial Documentation Strategies for Chicago Taxpayers

A few timely things to get to, before I offer you my thoughts on a good task for you to do this week...First of all, the IRS has apparently caught up on processing their backlogged mail that stacked up during COVID closures. Or, well enough, they say.That means that...