With tax season upon us, we wanted to share an Easy Reference Tax Guide for 2023. Included are the brackets for: Federal Income Tax Alternative Minimum Tax Long-Term Capital Gains Tax Standard Deduction Retirement Plan Contribution Limits Traditional IRA & Roth IRA Contributions Education Tax Credit Incentives Estate & Gift Tax Health Savings Account SEE […]
Read More »Don’t miss our Two Part Series to help prepare you for your 2022 taxes. Part 1: Inflation Reduction Act & Tax Planning Considerations for 2022 Tuesday, Nov 1 @ 3pm – RECORDING TO COME Steve Franzen, CPA, PFS, CGMA will be leading the discussion outlining parts of the Inflation Reduction Act that may impact your […]
Read More »If the IRS has sent you a notice (1444-C or Letter 6475) for an amount that differs from what you actually received you may want to initiate a trace using form 3911. The IRS has posted instructions on how to request a trace here: Economic Impact Payment Q&A To assist with the preparation of form […]
Read More »If the IRS has sent you a Letter 6419 for an amount that differs from what you actually received you may want to initiate a trace using form 3911. The IRS has posted instructions on how to request a trace in the final question on this link: 2021 Child Tax Credit and Advance Child Tax […]
Read More »With tax season upon us, we wanted to share an Easy Reference Tax Guide for 2022. Included are the brackets for: 2022 Estate & Gift Tax Rates Traditional and Roth IRAs Qualified Plans Personal Tax Items Income Tax Education Incentive Social Security Required Minimum Distributions SEE THE TAX GUIDE>
Read More »The Internal Revenue Service (IRS) has announced they will start accepting electronically filed tax returns on January 24, 2022. If you have not already obtained an Identity Protection PIN (IP PIN), we strongly encourage you to do so prior to that date. As we mentioned in our most recent client letter, we are offering a 10% discount […]
Read More »We have had a number of clients contact us regarding potential phone scams coming from the Social Security Administration (SSA). The link directly below is some information regarding what someone should do if they received a phone call from the SSA…more than likely it is a scam call. What should I do if I get […]
Read More »DECEMBER 1st – 2PM: Xero Training – WATCH THE WEBINAR Many of our clients have decided to convert to Xero from QuickBooks but need some training on how to use the software. This webinar will include: an overview of the features how to set up bank and credit card accounts and link them to the […]
Read More »Easy Access to Tax Payment Links Can’t Pay Now? Meet your tax obligation in monthly installments by applying for a payment plan (including installment agreement); Find out if you qualify for an offer in compromise– a way to settle your tax debt for less than the full amount; Request that we temporarily delay collection until […]
Read More »This Illinois state-facilitated retirement program makes it easy to save for retirement. Since it’s launched in 2018, the program has brought retirement savings access to workers in every county across Illinois. Not only is Illinois Secure Choice open to employees who work for an eligible employer, the program is available to anyone who wants to […]
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