A tax audit is the last letter many taxpayers want to get from the IRS. It is not surprising as tax issues can have a devastating effect on one's finances. The receipt of an audit...
Posted by BEST FINANCIAL GROUP LTD on 08/19/2020
A business line of credit gives you access to a range of funds when you need capital. Unlike the traditional business loan, you have the option of borrowing up to a predetermined amount,...
Posted by James Financial Services Inc on 08/07/2020
IRS compliance check is far from an audit. It is more like a chat and an effort from the Federal-State Local Employment Tax (FSLET) Compliance Program. We will explore the meaning...
Posted by BEST FINANCIAL GROUP LTD on 08/07/2020
A designated third party is someone with whom you authorize the IRS to discuss your tax return. Although this authorization is rare, the IRS describes its purpose in "Section...
Posted by BEST FINANCIAL GROUP LTD on 10/31/2019
Spring has arrived and with it, property taxes have too. As a resident of Cook County, you probably know that the first installment of property taxes was due on March 1. As...
Posted by BEST FINANCIAL GROUP LTD on 03/22/2018
For those who choose to invest in a rental property, there are tax implications in terms of both your income and your deductions. By understanding how these rules apply to your rental...
Posted by Income Taxes and Bookkeeping LLC on 02/05/2016
As a business, it is important to look for ways to reduce your expenses. This includes not only making better choices in terms of vendors, but also examining opportunities to reduce...
Posted by Income Taxes and Bookkeeping LLC on 01/20/2016
As an owner of a small business, tax time can feel overwhelming. Yet with good recording keeping, you can easily take advantage of several small business deductions that will help...
Posted by Income Taxes and Bookkeeping LLC on 01/20/2016
For many tax payers, their refund check is eagerly anticipated. However, there are options available that allow you to access your refund right away versus waiting for the government...
Posted by Income Taxes and Bookkeeping LLC on 01/20/2016
