Best Financial Group LTD

Best Financial Group LTD updated their business hours.

With sadness I would like inform all friends and clients of the death of a most trusted and loved employee of Best Financial Group for 30+ years, Ingrid Mauro. Ingrid passed in her sleep on May 15, 2021. There won’t be a funeral now but a memorial luncheon on July 17th. We are feeling a tremendous loss of a person that was identified with Best Financial Group. If you would like to send cards or attend the memorial, you can contact our office. Ingrid leaves behind three sons and 5 grandsons. There will always be a yearning for her. Many great memories!

IRS to Handle Unemployment Returns,

Don't Amend Returns filed with unemployment benefits prior to the $10,200 exclusion should not be amended. The IRS has indicated it will refigure taxes on these returns and adjust the taxpayer's account accordingly. The IRS will then send any refund amount directly to the taxpayer.

The IRS has not yet communicated a timeline for making adjustments and sending refunds.

Look for an official news release in the coming days:
https://www.irs.gov/newsroom

If you file state returns in states that conform to the federal unemployment exclusion, you may still need to file amended state returns for your affected clients.

Newsroom | Internal Revenue Service Get IRS tax news and sign up for e-News updates. Find information on Form 1040, tax relief, regulations, deadlines, tax guidance and more.

We do have staff members that do speak Spanish to offer you excellent care.

Our office is open at other hours by appointment. We do accept walk ins.

😊 a bigger stimulus check? Consider filing your tax return early....per The Wall Street Journal posted on Saturday 02/06/2021

Individual Automatic Extensions for filing your 1040 end October 15th. Don’t wait til the last minute! Make your appointments! 847-297-6264

Maine Township and Elk Grove Township homeowners need to appeal their real estate taxes by 5/29 for EG and 6/07 for Maine. Call today to see if it’s worth it!! 847-297-6264.

Happy Tax Day! April 15th I thought you would never arrive!

Will Trudell has joined our professional staff. He has been preparing and consulting taxes for over 20 years. Will is fluent in Spanish and has been so helpful for those needing guidance in their native language. Will is an Enrolled Agent and graduate and Fellow of the National Tax Institute. Call us today for you tax preparation appointment. 847-297-6264. We have competitive rates!

More problems to tax filing! The tax law changes have created a great deal of problems....now this shutdown creates insurmountable problems!

Government shutdown causing chaos at the IRS just before tax filing season

The IRS will open electronic filing on January 29th but returns that include Earned Income Credit will have refunds delayed until the end of February. The deadline due date for the return filing is April 17th rather than the traditional April 15th. Start gathering your information for your preparation of your tax returns. Please make sure you make your appointment.

“Identity theft can be devastating to small businesses, and the IRS continues to see instances where cybercriminals are targeting these groups to obtain sensitive employee information that can be used to file fake tax returns,” said IRS Commissioner Chuck Rettig. “And as tax season approaches, the IRS and the Security Summit partners
continue to warn employers to be on the lookout for emails asking for sensitive W-2 information, a dangerous scheme aimed at payroll and human resource offices. We encourage small businesses and others to follow some important steps to help protect themselves and their
employees.” Please be aware that no one should give information regarding social security numbers nor tax identification numbers even if they say they are from the social security, IRS or your state department of revenue, unemployment, whatever.....don't believe it. Questions, please call us. Too many thieves out there!!!

No entertainment is tax deductible, no moving expenses, no union dues, no investment management fees, no dues to professional organizations, no licenses, no miscellaneous itemized deductions....and there is more!!

We were informed by one of our clients that they received a check for over $1800 from PTAB. The Cook County Assessor, Cook County Board of Review and Property Tax Appeal Board (PTAB) are the three steps of our appeal process. Great things happen for one flat fee.

Reason to make sure you check to see if your property qualifies to be appealed to lower your taxes legally! Call us @ 847-297-6264

Analysis: Property taxes rise in Chicago, but still lower than in Park Ridge, Des Plaines The average City of Chicago homeowner saw a $110 per year increase in their property tax bill last year, according to a report by Cook County Clerk David Orr.

We had a wonderful meeting with Jan Schakowsky, Congresswoman US. Dave Heiser and I represented the Des Plaines Executive Network DEN at the Des Plaines Chamber of Commerce. We have a lot of work to do and a lot of great ideas. One of the best legislative meetings I have ever attended.