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.
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.
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."
Just starting out? Don't let tax confusion derail your dreams. We'll help you choose the right business structure, navigate Chicago's tax landscape, and set up a solid financial foundation for growth. Click here to learn how we can fast-track your success.
