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Abdalla Alyousef’s Next Steps After an IRS Tax Settlement

Abdalla Alyousef’s Next Steps After an IRS Tax Settlement

You’d be amazed at just how many Chicago people try to put off paying their debt to Uncle Sam. And of course, they don’t have to avoid, avoid, avoid. There are options. And one of those comes in the form of the elusive Offer in Compromise. My Chicago clients that...

A Tax Documentation Backup How-to for Chicago Filers

A Tax Documentation Backup How-to for Chicago Filers

First, let’s discuss the elephant in the room: the mid-term elections.Depending on when you’re reading this, they might be underway in your Chicago precinct, they might be already in the rearview, they might not even have raised themselves to the level of your...

Chicago Borrowers Be Wary of These Student Loan Forgiveness Scams

Chicago Borrowers Be Wary of These Student Loan Forgiveness Scams

Before I dive into those scammers (one of my favorite topics – simply because I love SAVING Chicago people from these criminals), some good news on the “The IRS Might Not Be a Total Dumpster Fire in 2023” front.Maybe.Because a few days ago, the IRS achieved one of its...

Abdalla Alyousef Explains How IRS Property Seizure Really Works

Abdalla Alyousef Explains How IRS Property Seizure Really Works

After a long day of work or a vacation or sometimes just after running errands, coming back to your cozy house is something you relish. Dorothy’s ruby slipper sentiment is a mantra many of us share. And like any good homeowner, you’ve invested time and care into...

A Tricky Tax Credit for Chicago Electric Vehicle Owners

A Tricky Tax Credit for Chicago Electric Vehicle Owners

I think you probably realize that last Monday was the final deadline for 2021 taxes, and we can now (finally) put those returns to bed.Or can we?Frankly, with a number of our new Chicago clients this past year, we reviewed returns prepared via software and/or other...

Your Chicago Side Hustle & the IRS Crackdown

Your Chicago Side Hustle & the IRS Crackdown

Now that 2021 tax returns are completely in the rearview (although we can always make amendments!), and only a few months of the 2022 version remain, it’s time to kick your “tax optimization” strategies into full gear. And look – yes, I’m a professional at this...

Chicago Taxpayers’ Right to a CDP Hearing

Chicago Taxpayers’ Right to a CDP Hearing

Stories abound about the IRS grabbing homes, cars, businesses, and just about any other Chicago property they want, without warning. Maybe you’ve heard something to that effect. Well, the fact is: The IRS can’t do that. As a taxpayer, you’re entitled to...

How Chicago Taxpayers Can Navigate Retirement Contribution Limits

How Chicago Taxpayers Can Navigate Retirement Contribution Limits

One of the things that my team and I prioritize here at EZ Tax and Accounting Service, Inc. is keeping the lines of communication open with our Chicago clients. Especially when difficult times hit (we’re continuing to think about those in Florida and the Carolinas as...

Abdalla Alyousef’s Guide to Senior Discounts

Abdalla Alyousef’s Guide to Senior Discounts

The devastating images and clips from the aftermath of Hurricane Ian rolling through the news feeds are truly heartbreaking. It’s incredibly difficult to watch the crippling effects of situations like these. All of us here at EZ Tax and Accounting Service, Inc. send...

Abdalla Alyousef’s Guide on Next Steps to Tax Debt Freedom

Abdalla Alyousef’s Guide on Next Steps to Tax Debt Freedom

There’s nothing like the weightless feeling you have after paying off a debt. There’s a reason people scream and shout about being debt free. It feels REALLY good. That’s one reason my team and I here at EZ Tax and Accounting Service, Inc. love doing what we do....

Abdalla Alyousef’s Strategy for RMD Withdrawals

Abdalla Alyousef’s Strategy for RMD Withdrawals

There’s something about a new work week that gets you thinking about how you want to spend the weekend. The same goes for planning a vacation once you get back from one. Work is fulfilling, but life’s "rest times" are what Chicago people like you and I work so hard to...