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IMPORTANT TAX TIPS

Taxpayers that have expiring Individual Taxpayer Identification Numbers should complete their renewel application as soon as possible. If not completed and submitted by the end of the year it will cause a delay in processing and refunds for 2019.

REMEMBER…

If you are going to owe $1,000 or more on your FEDERAL TAXES, expect a letter and penalty charge for not putting in an estimate.

The limit for Illinois is $500 ~ OR ~ you guessed it… LETTER AND PENALTY.

I will update as pertinent important news becomes available, and Congress does their job.