Eilts & Associates, Inc.

Effective for 2018, Congress approved the largest tax reform legislation changes to our tax system in over three decades. Under the new Tax Cuts & Jobs Act (TCJA) legislation, substantial changes have been...

Although the deadlines for filing tax returns for corporations, March 15, and individuals, April 15, are still several weeks away, there are plenty of good reasons why you should get your tax information t...

There have always been many good reasons to file your taxes well before the April 15 deadline. But with identify theft becoming an increasingly serious problem for taxpayers, filing early has become an im...

When it comes to getting ready for tax season, organization is more than half the battle. By taking a few easy steps in now, you can make your life much simpler come April.

1)    Put tax documents in a fo...

You don’t have to follow the news very closely to know that identity theft and cyberattacks are becoming bigger and bigger threats each year. Remember what happened to Target? In late 2013, hackers stole c...

Across the country there has been a recent surge in attempted phone scams involving callers pretending to be IRS agents. We wanted to alert you and let you know what to do if you receive one of these call...

Like Ben Franklin said, taxes are one of the two things in life that can’t be avoided. While Franklin’s adage definitely applies to most types of taxes, an underpayment penalty is one tax that you can easi...

Illinois residents can receive a tax credit of up to $500 for expenses relating to kindergarten through 12th grade. The state income tax credit equals 25% of expenses in excess of $250 for tuition, books,...

Although the deadline for filing tax returns for individuals, April 15, is still seven weeks away, there are plenty of good reasons why you should get your tax information to your accountant sooner rather...

The Affordable Care Act of 2010 and the American Taxpayer Relief Act of 2012 created several small taxes on high-income taxpayers that went into effect for 2013. When you first learned about the laws that...