Now that the tax deadline has come (and gone - whew!), it’s time to start thinking about the rest of 2022… and future possibilities of all kinds – both good and, well, not so good. The good? There are steps Chicago taxpayers like you can take now to help lower...

We're diving in, with sleeves rolled up, with a bunch of our Chicago area tax preparation clients in creating the best tax return possible for their 2020.Get on our list here: (773) 442-8278But here at EZ Tax and Accounting Service, Inc. we're also keeping an eye on...

Believe me, I’ve seen some of the craziest tax claims in my office over the years, but claiming captured military equipment hasn’t been one of them. Recently the Ukrainian government assured its people they wouldn’t be held liable for taxation on any Russian...

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...

Bankruptcy is a taboo subject of discussion in our society, despite the fact that it’s a perfectly legitimate tool for flushing debts and starting over financially. When you’re deep in the hole with credit card debt, medical debt, mortgage debt, and the like,...

Depending on what kind of news you're consuming these days or how much you're paying attention, you might not have been noticing the inflation signals that are popping all over the place. This does have implications for Chicago taxpayers of all stripes -- and we will...

Last week I talked about smart ways to launch your financial life for young people.And you know what is kind of hilarious? I forgot to talk about TAXES for Chicago teens.Yes, yes I did.So, I'm fixing that today.Before I do: one more reminder that October 15th is the...

I mentioned last week the key provisions of the "American Rescue Plan," while it was just proposed legislation.Now that the House has passed it, there is more meat on those bones. I'll run it all down for you once it's been signed by the President, but the key...

I normally don't send these special bulletins, but I wanted to get this to Chicago parents ASAP.You probably heard on the news that the IRS is sending out "advance payments" of $250 - $300 per month for children.The first advance child tax credit payments went out...

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...