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 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.
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.
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