Blog
Protecting Chicago People from IRS Scams
Here we are ... already February is in the rearview. And while this is certainly a less hectic tax season than the past three, it doesn’t mean things are easy. Taxes have traps for the unwary all over the place. A 400-page tax code ensures that. More...
3 Common Tax-Related Business Problems
Can you think of anything more American than starting your own business? Okay, probably a few things come to mind. But becoming an entrepreneur is definitely toward the top of the list.However, an easy undertaking it is not. When you first start out, it’s easy to jump...
Should Chicago Filers Use DIY Tax Filing Software?
Let’s dial in right away to an important question: Are you ready to knock out your 2022 tax filing? There are now less than 2 months left to do it. And while that seems like a lot of time, you and I both know, it’s really not. Here’s why: My calendar is chock...
How Chicago Filers Can Prepare for an IRS Audit
First off – congratulations to the Kansas City Chiefs. From all accounts, it was a pretty epic game. And, of course, there are those commercials. Many great ones, but one quick note about one of, well, “professional interest” for me.The TurboTax campaign (“Don’t...
Can a Federal Tax Lien of Wages Affect Your Chicago Job?
Owing a big debt to the IRS tends to bring a lot of fear, which is normal and even a somewhat healthy response. Fear can lead to action. And taking action means you avoid the hammer the IRS would bring down on you if you chose to do nothing instead (think federal tax...
Chicago 1040-Filer: How to Handle Crypto Assets on Returns
Now that we're into the first "full" week of February, things are truly heating up for us here at Abdalla, at least in terms of our communication volume. And no, we aren't replying to our emails using ChatGPT ... but I wouldn't be surprised if that happens at...
Alyousef’s Private Foundations as Giving Strategies
Things have certainly picked up for us here at EZ Tax and Accounting Service, Inc. … we can already tell that we will be quite busy from now until April .Regardless, just a little bump that it would be a very good idea to get on our calendar as soon as you’re...
Chicago Businesses Facing EIDL Repayment
It’s February 2020. Your Chicago business is thriving thanks to the uptick in the economy in 2019, and this year looks to be one of possibility and growth. Then, March 2020 rolls in. A rampant virus spread brings lockdowns nationwide, and your business begins to...
What You Need for Your Chicago Tax Appointment
If you were watching football this weekend, you likely noticed TurboTax’s “personalized service” ads. Their timing was impeccable… if not slightly annoying – who wants to think about taxes while on the edge of your seat during a playoff game?The allure of big brand...
Paying Bills in 2023: Abdalla Alyousef’s Tips
Last week, the IRS announced the "official" beginning of the 2023 tax season – January 23. That's the date that they start accepting electronically filed returns. (Yes, some Chicago people really do file their taxes this early.) This is the start of the show here...
The TAS: Another Chicago Taxpayer Advocate
The new year should be a time of joy. It’s like a fresh start… for some.But if you’re facing tax problems, anxiety about money owed to the IRS, audit situations, etc. can overshadow the new year euphoria. Pile on that the impending reality of facing yet another year’s...
4 Financial Goals Chicago People Can Reach in 2023
I want to help you today. With your resolutions, that is.You see, if you take a look at the most common resolutions (lose 20lbs, work out more, quit smoking, read more & watch less, etc. etc. etc.) they’re all pretty similar – you might as well get out last year's...