We discuss the significant penalties the IRS imposes on tax debtors and how Chicago residents can seek relief. Penalties can feel like salt in the wound, but there are ways to mitigate them.
We are discussing the importance of planning for both death and taxes, with a focus on life insurance. Understanding the purpose of life insurance is crucial, especially if you have dependents.
We address the serious consequences of unfiled tax returns, even if no taxes are owed. For Chicago individuals, families, and businesses, unfiled returns can result in missed refunds, lost tax credits, and potential audits.
We discuss managing fear amidst global tensions, specifically Russia’s invasion of Ukraine. Instead of succumbing to constant news updates, focus on what you can control and cherish moments with loved ones. At Bell Tax Accountants & Advisors, we’re busy handling tax returns, and it’s crucial not to delay scheduling your appointment to avoid IRS backlogs and potential refund delays.
We explore some of the unique and unexpected tax scenarios, such as the Ukrainian government’s decision not to tax captured military equipment. Amidst IRS delays, it’s crucial to secure your appointment with us early.
We discuss the unexpected challenges of tax identity theft. With the tax deadline fast approaching, it’s crucial to be vigilant against scams that can derail your financial stability.
In today’s blog, we explore tax filing extensions and their importance. While NCAA basketball excites millions, tax considerations for wagers, crypto, and NFTs shouldn’t be overlooked. If you placed bets or engaged in virtual currency transactions, it’s crucial to understand the tax implications.
This blog dives into tax filing extensions, a common need for many Chicago residents. Life’s unexpected events can delay your filing, but remember, an extension doesn’t mean extra time to pay any owed taxes.
As the tax deadline approaches, it’s time to think about managing your finances and planning for the future. At Bell Tax Accountants & Advisors, we assist with tax filing and offer strategies for a secure retirement.
As tax season winds down, it’s tempting to splurge your refund on immediate pleasures. However, wise spending can secure your financial future. Instead of frivolous purchases, consider building an emergency fund, paying off high-interest debt, or contributing to retirement and education savings plans.
With the tax deadline behind us, it’s time to think about the rest of 2022. Steps taken now can lower next year’s tax bill. If you’re still waiting for your return, be patient; the IRS is working on clearing the backlog.
With the tax deadline behind us, it’s time to consider second chances. Just like the “undo” button on a keyboard, you have the option to file an amended tax return to correct larger issues.
Even post-tax season, financial strain remains a heavy burden. Inflation, the pandemic, and global tensions have deeply impacted Americans’ wallets and mental health. The fear of running out of money is greater than the fear of death for many. As financial advisors, we understand these concerns and are here to help you navigate your finances.
As IRS notices start arriving in Chicago mailboxes, the IRS is grappling with a significant backlog. Amidst this chaos, receiving an IRS notice can be daunting. Our team at Bell Tax Accountants & Advisors is ready to help you navigate any IRS communication.
We dive into how marriage affects your taxes. Filing jointly can change your tax bracket and deductions, with potential drawbacks like the "marriage penalty."
This blog post acknowledges the financial stress many people are feeling due to current events and rising gas prices. We discourage getting financial advice from social media and recommends consulting with a professional.
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