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Abdalla Alyousef’s Three Simple Steps to IRS Audit Preparation

Abdalla Alyousef’s Three Simple Steps to IRS Audit Preparation

Congratulations, you’ve won the lottery!The IRS audit lottery, that is.If you’re being audited by the IRS, you’re in a very select group. Since the IRS audits less than one-quarter of one percent of all income tax returns – that’s less than 1 out of 400 – it’s a very...

Factors Affecting Chicago Taxpayers’ 2021 Tax Refund

Factors Affecting Chicago Taxpayers’ 2021 Tax Refund

The world seems to be hanging on a razor's edge.There’s a lot of fear going around with Russia’s invasion of Ukraine last week. With a 24-hour news cycle, a heap of different internet sources, social media feeds, and more, it’s difficult to not give in to it all… and...

Credit Cards: A Money Management for Chicago Teens Tool

Credit Cards: A Money Management for Chicago Teens Tool

Well, before I jump into money management for teens, let’s focus on the fact that a month has gone by since the beginning of tax season. And boy has it been a veritable whirlwind of activity in the EZ Tax and Accounting Service, Inc. office. We’ve got our arms deep in...

How to Reduce Taxes in Retirement: Abdalla Alyousef’s Pro Advice

How to Reduce Taxes in Retirement: Abdalla Alyousef’s Pro Advice

Before I get into today’s discussion on how to reduce taxes in retirement, let’s talk about the combined excitement of the Super Bowl, the Olympics, and Valentine’s Day that has swept Chicago homes and businesses the past week. A surge of football parties, hours...

Practitioner Priority Service: How this Chicago Tax Pro Can Help You

Practitioner Priority Service: How this Chicago Tax Pro Can Help You

Because taxes are one of those sure things in life for every Chicago resident, it’s pretty normal (rightfully so) to fear the IRS especially if you don’t know about the Practitioner Priority Service. The arm of this particular government agency has a pretty far reach....

Retirement Contribution Tax Deductions for Chicago Filers

Retirement Contribution Tax Deductions for Chicago Filers

So, I’m not one for constant gloom-and-doom talk, but I do believe in giving it to you straight. And here it is:Things at the IRS are a maelstrom of hot mess. Some very serious voices are sounding the alarm of impending disaster at the agency ... and no one really...

How Chicago Taxpayers Can Get Help with IRS Problems

How Chicago Taxpayers Can Get Help with IRS Problems

Imagine, for a moment, that you owed the IRS $5,000 on your tax return last year. You filed your return and sent a check a few weeks later via USPS.Then, 3 months later, they hadn’t cashed the check and were sending you new collection notices. Plus, they started...

Abdalla Alyousef’s List of 2021 Tax Documents Needed for Filing

Abdalla Alyousef’s List of 2021 Tax Documents Needed for Filing

Ding ding ding! Open season on 2021 tax filing has officially begun, and we’re already rolling up our sleeves and getting to work on tax returns for some of our Chicago clients.With all the backlog and changes at the IRS, getting ahead of the tax storm is going to...

Abdalla Alyousef’s Tips on Getting Help with Medical Debt

Abdalla Alyousef’s Tips on Getting Help with Medical Debt

Before I get into my tips for getting help with medical debt, let me start out by saying… we’re less than ONE WEEK away from the IRS beginning to receive electronically-filed returns.That means different things to different people in our Chicago client family, but I...