For Individuals

College Financial Planning

How Can You Pay for Your Kid to go to College, Spend and Save as You Are Now, and Increase the Amount of Money You have for Retirement?

Elder Care Financial Care

Finally… Worry Free Financial Management for Your Aging Parent or Family Member.

Estate Planning Done Right

Make Sure Your Family Transitions Prepare Your Children and Your Family for Financial Freedom.

Controlling Your Tax And Financial Strategy In The Midst Of Chaos By Abdalla Alyousef

Still no guidance from the IRS about the payroll tax "holiday" (deferral), so it's extremely unlikely that your Chicago employer will be ready -- simply because the major payroll companies (Paychex, ADP, Gusto, and many others) don't have the answers to many...

Five Key Takeaways From The Second Coronavirus Relief Bill For Chicago Taxpayers

Say it with me again: it's a whole new year. 2020 is in the rearview...And 2021 is starting with some very nice treats for regular families in the clunkily-named "Coronavirus Response and Relief Supplemental Appropriations Act of 2021", also known as the "Consolidated...

Four Tips For Chicago Couples To Make Money and Marriage Work Together

It seems like crooks these days keep finding new ways to trick people here in Chicago into giving them more money. And no, I'm not talking about Congress. Last week, for those of us in the tax professional world in Chicago who are paying attention (because let's be...

EZ Tax and Accounting Service, Inc.’s Guide to The Tax Benefits of Marriage (& Drawbacks)

Memorial Day always seems to be the mark of the start of summer: school’s out, Chicago pools open, backyard barbecues commence, and wedding season goes full tilt (I’ve got some insight on the tax benefits of marriage coming at you today)... Seems strange...

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’s Tips for Protecting Personal Assets

You’ve probably got a story to tell. The one about how you got to where you are today. It probably involves lots of hard work and sacrifice. And money.Last I checked, people weren’t giving away their Chicagohomes and cars. And I bet that you put locks on that house...

The Why and How Behind Procrastination – Something for Chicago Friends to Consider

Stress.Anxiety. Unease. Worry.And a pinch of aggravation just to round it all out.No, I'm not talking about the upcoming May 17th federal tax deadline.Or am I?For millions of Americans every year, the tax filing deadline points to a much bigger issue. An issue so...

Abdalla Alyousef’s Tax Checklist for Chicago Taxpayers

Every year within the independent tax and accounting business community here in Chicago (and on various online channels), we have a little fun laughing at the newest TurboTax or Block commercials. Last year, it was "all people are tax people". This year, they're...

The Difficulty (and the Power) of Thanksgiving

Perhaps it's because of the craziness of the past year and a half, maybe it’s the local Chicago the weather ... but for some reason, the holiday season has caught us off guard over here at EZ Tax and Accounting Service, Inc.. Wasn’t it just the end of summer the other...

The Challenge of Allowable Living Expenses for Chicago Taxpayers Who Owe the IRS

According to IRS calculations, the 2021 allowable living expenses for a typical family of four didn’t change a single dime from 2020 .It went from $1,740 per month to… $1,740 per month.The IRS clearly missed the memo regarding pandemic inflation from their colleagues...

How You’re Missing Legal Tax Deductions

Here’s a certain truth: the State and Federal Government would love to have more of your hard-earned money in their accounts. Sure, even though it’s painful, none of us begrudge paying our legal and fair share of taxes.
But the problem is that regular taxpayers, like you, are missing out on legal and safe deductions, to the tune of hundreds of millions of dollars in unclaimed refunds every year!

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