Hayward Law Offices

06/02/2023

Republicans introduce bill to deter global tax reforms

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For a free consultation please call our office at (312) 827-2714 or click this link: https://buff.ly/3mhGAuH

GOP legislation in the House aims to prevent the U.S. from participating in the multinational tax changes the Biden administration helped negotiate with the OECD.

05/31/2023

Approaches vary to taxes on sports betting
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For a free consultation please call our office at (312) 827-2714 or click this link: https://buff.ly/3mhGAuH

State treasuries are attempting to stack the deck in their favor in order to remain in the black.

05/30/2023

3 smart ways to prepare for next year’s taxes now
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For a free consultation please call our office at (312) 827-2714 or click this link: https://buff.ly/3mhGAuH

If you had a surprise tax bill this season, it's not too soon to prepare for next year. Here are three smart ways to get ready for your 2023 taxes.

05/29/2023

IRS and tax experts offer last-minute tax tips

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For a free consultation please call our office at (312) 827-2714 or click this link: https://buff.ly/3mhGAuH

Some practitioners are advising clients to take advantage of Roth IRA conversions, but to tread carefully with the latest advances in artificial intelligence, as tax season nears an end.

05/26/2023

IRS Tax Withholding Estimator helps people get ready for the 2024 filing season; make sure withholding is right on 2023 paychecks

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For a free consultation please call our office at (312) 827-2714 or click this link: https://buff.ly/3mhGAuH

IR-2023-87, April 18, 2023 — The IRS today suggested taxpayers who filed or are about to file their 2022 tax return use the IRS Tax Withholding Estimator to help update the amount of tax to have taken out of their 2023 pay.

05/25/2023

6 things to do with your tax refund other than spend it right away
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For a free consultation please call our office at (312) 827-2714 or click this link: https://buff.ly/3mhGAuH

The average tax fund is almost $3,000. Here's how to spend it wisely.

05/23/2023

Fewer new cars qualify for $7,500 electric vehicle tax credit. Here are 2 alternatives

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For a free consultation please call our office at (312) 827-2714 or click this link: https://buff.ly/3mhGAuH

05/21/2023

IRS says Americans are getting $20B less in tax refunds this year
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For a free consultation please call our office at (312) 827-2714 or click this link: https://buff.ly/3mhGAuH

The Internal Revenue Service has delivered roughly 69 million tax refunds so far this year, but many taxpayers could be disappointed by the smaller amount.

05/18/2023

5 reasons to put your tax refund into a high-yield savings account

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For a free consultation please call our office at (312) 827-2714 or click this link: https://buff.ly/3mhGAuH

Don't give in to the temptation to spend your tax refund. It's often wiser to store away that money for the future.

05/16/2023

How long should you wait before filing taxes? Surprise! Later can sometimes be better
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For a free consultation please call our office at (312) 827-2714 or click this link: https://buff.ly/3mhGAuH

Everyone says file your taxes early, but accountants say there may be times it's better to wait. Here are some of those times.

05/13/2023

U.S. IRS clears massive backlog of unprocessed paper tax returns

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For a free consultation please call our office at (312) 827-2714 or click this link: https://buff.ly/3mhGAuH

The U.S. Internal Revenue Service declared on Tuesday that it is completing its first "normal" tax filing season since the COVID-19 pandemic struck in 2020, with a backlog of millions of unprocessed returns from previous years fully cleared.

05/09/2023

Your tax refund could be smaller than last year. Here’s why

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For a free consultation please call our office at (312) 827-2714 or click this link: https://buff.ly/3mhGAuH

If you're expecting a tax refund, it could be smaller than last year. And with inflation still high, that money won’t go as far as it did a year ago. The more than 101 million taxpayers who had filed as of April 7 got refunds that were an average of 9.3% less than last year. That's in part due to ...