CPAs near Naperville

They Sent Form 1099, Not the W-2

By madwire / February 23, 2018

All employees, which easily includes unskilled laborers and most (near) minimum wage hourly workers, expect their W-2 Form in January. On the W-2, the employer reports last year’s wages and taxes withheld, employee benefits, etc. Those numbers are reported to the employee, the Social Security Administration, and to the Internal Revenue Service. This is the…

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I Don’t Have My W-2 Form

By madwire / February 14, 2018

Most every worker in the United States knows to expect his/her Form W-2 no later than January 31st. Even though many tax preparers will process your return by using your final pay statement for the previous year, you are still entitled to receive this form. There are steps you can take. Read on to learn…

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Will a Government Shutdown Delay My Tax Refund?

By madwire / February 8, 2018

Another government shutdown could certainly slow down tax return processing. This could indeed delay refunds. Here are a few things to think about: 1) Anytime the government “shuts down,” that event does not affect all employees the same. Generally, only non-essential employees are told to stay home. Similarly, only non-essential services are cut. However, these…

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Business License Revoked Due to Unpaid Illinois Taxes

By madwire / January 22, 2018

In Illinois, licensed business owners who fail to pay their state taxes can lose their privilege to stay in business. This article addresses some of those situations. Local Business with Unpaid State Income Taxes One past client held a cosmetology license under Illinois Department of Financial and Professional Regulations for over a decade. Her hair…

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