SECURE Act 2.0: RMD Changes & More for Southern Illinois Savers
The President and Speaker of the House finally made some forward movement on the debt ceiling this holiday weekend. A couple big takeaways: Decreased IRS budget (20 billion less than the projected 86 billion previously allotted by the American Rescue Plan)An...
Your Southern Illinois Tax Friend’s Thoughts on Navigating a Banking Crisis
Crisis is a word that gets used a lot these days. Especially in headlines. It’s loaded with meaning… and feelings. These days you might find yourself spinning out with something like panic, dread, fear, anxiety, and any variety of mental/emotional...
Bank Failure Lessons Southern Illinois People Should Learn
Urgency is a tyrant. Especially when things go awry related to your money. You’re motivated to defend it with an iron grip … even at the expense of your overall state of mind.That’s how the banking “crisis” has a lot of people feeling right now. If you’re...
Bills Tax Service’s Guide for How Long to Keep Tax Documents
Things are pretty interesting over at Twitter right now. The removal of blue ticks from the accounts of well-known public figures and companies has some scrambling to prove authenticity (including the New York City government – yikes!). Not to mention all...
Easy Ways to Manage Money, Southern Illinois Strugglers
Did you travel for spring break? I know it’s come and gone for most Southern Illinois families and college students. Maybe you traveled, maybe you didn’t, or maybe the nice weather has you planning for summer.You know when you’re returning home from a road trip...
Do All Southern Illinois People Pay Taxes on Social Security Benefits?
We’re in the last leg of the regular tax season here. My office has been working overtime (often literally) cranking out returns for our Southern Illinois clients. If you haven’t touched base with us yet, and still need to process and file your paperwork, things will...
Need Extra Time to File Your Taxes?
Spring has truly sprung in Southern Illinois, and also did you know that we’re two weeks away from the tax deadline?Here at Bills Tax Service, the home stretch means our heads are all wrapped up in paperwork, but we’re still able to notice that lawn mowers have...
Understanding the Gift Tax and Estate Tax
Reading emails sent by the IRS isn’t exactly keep-you-up-at-night fare.But there’s something about reading about scammers that I find oddly satisfying.And they (the IRS) has continued to send out mass warnings in their “Dirty Dozen” series, shedding light on the shady...
Crowdfunding Campaigns: Newcomb’s Tax Thoughts
Spring is officially here — hello daylight past 7 pm and enjoying the sun a little bit after work, too. And that makes everyone happier.And as tax season rolls along here, we’ve been meeting with a bunch of Southern Illinois clients, submitting returns, and helping...