UPDATE RE 2021 Tax Season

To Our Valued Client,

To Our Valued Client,

As the Holiday Season approaches, we would like to make you aware of some change we are making in our office for the upcoming tax season. Due to the ongoing COVID-19 health crisis we will again be completing returns electronically. If you need a face to face appointment please call the office to talk with Dee and she will determine if the appointment needs to be conducted in person.

Like last year, we will not be opening our appointment book in the fall. All clients will have the option to upload their tax documents through SmartVault, drop off tax documents at the office, or mail in documents via USPS certified mail. You will receive an e-mail notice when the 2021 tax folder is available for uploading your paperwork through SmartVault. For organizational purposes please make sure you are uploading to the 2021 folder and e-mail us when completed.

We ask you include a document with the following information in your upload or mail/drop off:

• Best Contact Information Including Phone and E-mail
• If you received the monthly advanced child tax credit we must know how much you received over the 6 month time frame. Payments  began on July 15, 2021. Please      note that because this was an advance payment it could change your bottom      line on this year’s tax return.
• If you received tax stimulus money in April or May we will need to know how much you received.

Additionally, as you prepare your paperwork please remember:

• If you obtain health insurance from the marketplace, you must provide your 1095A.
• If you have stock sales please send us the 1099-B with supporting information.

Your tax return will not be filed without proper documentation, payment, and signature. Please remember we are required by law to electronically file your returns.

Due to the changes in tax law, we strongly urge all of you to complete the enclosed tax deduction finder and upload or send with your documents. We would also like to remind you that if you don’t have a financial planner at t this time and you are interested in making an appointment for Financial Planning, we recommend contacting: Koney Wealth Advisors at 708-349-1001.

Please remember that our office procedures are as following:

• All paperwork will be held until payment is received in full.
• All paperwork must be received by April 1st or we will      not guarantee the return will be completed by April 15th and      may need to be up on extension.
• For your convenience we accept Visa, MasterCard, Discover and      American Express.

As in the past, we keep striving to serve YOU, our client, with the latest and most innovative sources and materials available.

Happy Holidays!

The Staff of Thurzo-Spellman Enterprises, Inc.

To Our Valued Client,

As the Holiday Season approaches, we would like to make you aware of some changes we are making in our office for the upcoming tax season. Due to the ongoing COVID-19 health crisis we have determined that we will not be conducting any in person tax appointments for the 2020 tax year.

As a result of this change we will not be opening our appointment book in the fall as we usually do. Instead, tax returns will be completed on a first come, first serve basis. All clients will have the option to upload their tax documents through our new client portal, SmartVault (which will allow you to safely and securely upload all of your documents), drop off tax documents at the office, or mail in documents via USPS certified mail. Zoom appointments may be available upon request.

With the retirement of Sharon Spellman from our office, and in order for us to best prepare for this upcoming tax season, we kindly request you call (708-430-8484) or e-mail us (tsenterprises@comcast.net) to make sure we have the most up to date e-mail address and phone number on file with our office. Once we have your most recent contact information you will receive a secure e-mail from SmartVault in order to set up your account. 

As you prepare your paperwork please remember:

• If you obtain health insurance from the marketplace, you must provide your 1095A.
• If you have stock sales please send us the 1099-B with supporting information 

Your tax return will not be filed without proper documentation and please remember we are required by law to electronically file your return.

Due to the changes in tax law, we strongly urge all of you to complete the enclosed tax deduction finder and upload or send with your documents. We would also like to remind you that if you don’t have a financial planner at this time and you are interested in making an appointment for Financial Planning, we recommend contacting: Koney Wealth Advisors at 708-349-1001.

At this time we are unable to make a commitment on cost for the upcoming season. As always we will do our utmost to hold the line. Please remember that our office procedures are as follows:

• All paperwork will be held until payment is received in full.
• All paperwork must be received by April 1st or we will not guarantee the return      will be completed by April 15th and may need to be put on extension.
• For your convenience we now accept Visa, MasterCard, Discover and American Express.

As in the past, we keep striving to serve YOU, our Client, with the latest and most innovative sources and materials available.

Happy Holidays!

The Staff of Thurzo-Spellman Enterprises, Inc.

On Friday January 20th, Govenor Pritzger ordered a shelter in place ordinance effective Saturday March 22-Tuesday April 7th. The ordinance has an exception for all Essential Businesses, such as those that process payroll, and for that reason our office will remain open. 

While we will remain open, due to increased concerns regarding coronavirus (COVID-19), and for the well-being of our clients and staff, we will not be completing in person tax returns. If you had a scheduled appointment, we are asking that you drop off your paperwork and we will call when your return is ready to be picked up.  If you would like to arrange alternative ways to send in your documents, such as e-mail or postal mail, please call our office for instructions. If you haven't yet made an appointment, please call our office before dropping off your return so that we can make sure you have all required materials to complete your return.

When you come to our office to drop off or pick up your return, we will ask that you stay in our waiting room. For the safety of our clients, if you are experiencing any flu like symptoms or have been exposed to COVID-19, stay quarantined and do not come to our office. To help protect our clients we are sanitizing door handles, pens, and ledges frequently.  

Our goal is to file all returns by the usual April 15th deadline. We recognize that the Federal Government has extended the filing deadline till July 15th, however the state of Illinois has not yet pushed back their filing deadline. To ensure that any state penalties are avoided we urge you to get us your paperwork as soon as possible. 

Thank you for your continued support during this time and please don’t hesitate to call our office if you have any questions. 

As you prepare for your upcoming appointment we want you to be aware of some changes in tax law that may affect your tax liability. Those changes are as follows:

• Health insurance companies will be issuing a 1095 A, B, or C to provide proof of insurance. Please make sure you bring the 1095A as we cannot file your return without it. There is no longer a penalty for not having insurance.
• If you have stock sales please send us the 1099-B with supporting information prior to our appointment so that you do not have to wait while we key in all this activity.
• Deductions for Medical is subject now to 10% of Adjusted Gross Income
• Sales tax and Real Estate Tax Deduction will max out at $10,000.00.
• Interest on Home Equity Loans will not be deductible unless the funds were used to improve home.
• No Employee Business expenses will be deductible.
• Changes are being made as far as the rules and regulations for tax preparers. Your tax return will not be filed without proper documentation and please remember we are required by law to electronically file your return

Due to the changes in tax law, we strongly urge all of you to complete the enclosed tax deduction finder and bring it with you to your appointment.  We would also like to remind you that if you don’t have a financial planner at this time and you are interested in making an appointment for Financial Planning, we recommend contacting: Koney Wealth Advisors at 708-349-1001.

At this point in time we are unable to make a commitment on cost for the upcoming season.  As always we will do our utmost to hold the line. Please remember that our office procedures are as follows:

• All paperwork will be held until payment is received in full.
• Taxes may not be released at time of preparation; they will be reviewed for accuracy.
• All paperwork must be received by April 1st or we will not guarantee the return will be completed by April 15th and may need to be put on extension.
• For your convenience we now accept Visa, MasterCard, Discover and American Express.

As in the past, we keep striving to serve YOU, our Client, with the latest and most innovative sources and materials available.