Metro Tax Relief

09/07/2026

🇺🇸 Happy Labor Day from Metro Tax Relief!

Today we celebrate the hardworking people who keep our businesses, communities, and country moving forward.

Whether you’re a business owner, employee, entrepreneur, or building something of your own, today is a reminder that your hard work matters.

Take a well-deserved break and enjoy the holiday! ❤️🤍💙

From all of us at Metro Tax Relief, Happy Labor Day!

📍 2000 Center Dr., Suite East C204
Hoffman Estates, IL 60192
📞 (847) 250-2007

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09/04/2026

Reminder: 3Q estimated taxes are due Tuesday, September 15th. Here are some things to consider.

If you have not already done so, please plan to make your third quarter estimated tax payment. The due date is Tuesday, September 15th.

09/02/2026

Small financial moves can pay off for years. Discover tax breaks for education, simple tax-planning strategies, ways to make banks compete for you, and how to avoid the technology upgrade tax.

College and trade schools are investments that can pay dividends for years. The same can be true of a few smart tax habits repeated year after year. In this month’s newsletter, we take a closer look at tax breaks for post-secondary education along with practical tax planning moves that can del...

09/01/2026

Taxes are complicated. Asking for help is not. Call for an appointment.

08/28/2026

Charitable deductions are frequently challenged or denied during an IRS review. Protect your deduction by understanding the documentation and requirements before making a donation.

Too often a charitable tax deduction is disallowed upon review by the IRS. Don't let this happen to you. Here is what you need to know.

08/25/2026

🌍 Do you have a bank account outside the United States? Don't overlook this important IRS requirement.

If the combined value of your foreign financial accounts exceeded $10,000 at any point during the year, you may be required to file an FBAR (Foreign Bank Account Report).

This isn't about paying more tax. It's about meeting a federal reporting requirement.

Failing to file when required can result in significant penalties, even if you don't owe any additional taxes.

If you have bank accounts, investment accounts, or certain financial assets outside the U.S., don't wait until it's too late. Make sure you're compliant.

📍 Metro Tax Relief
2000 Center Dr., Suite East C204
Hoffman Estates, IL 60192

📞 (847) 250-2007
🌐 MetroTaxRelief.com

Have questions about foreign account reporting? Contact us today. We'll help you understand your filing requirements and stay compliant.

08/21/2026

When an interest rate matters. This is what you need to know.

The IRS often sees the transfer of funds as a loan, whether there is a loan agreement or not. This also means there is an implied term and interest payment. When the IRS says a transaction is a loan, what interest rate do they use? Enter AFRs. Here is what you need to know.

08/20/2026

🏡 Choosing where to retire? Your state could save you thousands... or cost you thousands.

Many people focus on the weather, cost of living, or being closer to family. But there's another factor you shouldn't overlook...

State taxes.

Some states don't tax:
✅ Social Security benefits
✅ Pension income
✅ IRA and 401(k) withdrawals

Others do.

Before you pack the moving truck, make sure you understand how your retirement income will be taxed. A little planning today could help you keep more of your hard-earned money for years to come.

Thinking about retiring or relocating? Let's build a tax strategy before you make your move.

📍 Metro Tax Relief
2000 Center Dr., Suite East C204
Hoffman Estates, IL 60192

📞 (847) 250-2007
🌐 MetroTaxRelief.com

08/19/2026

Ransomware is getting scarier. Here is what you need to know now!

Sometimes it’s the rules that change. Other times, it’s the risks. In this month’s newsletter we’re looking at a little of both. First, the IRS made a midyear change to the standard business mileage rate. Included this month is what changed and a few vehicle-related recordkee...

08/17/2026

📉 Lost money investing in a small business? Don't assume it's a total loss.

If you invested in certain qualified small business stock, you may be able to deduct up to $50,000 of your loss as an ordinary loss, instead of being limited by the usual capital loss rules.

That could mean a significantly bigger tax benefit.

The catch? Not every investment qualifies, and the IRS has specific requirements that must be met.

Before you write off your investment, find out if you're eligible for this valuable tax break.

📍 Metro Tax Relief
2000 Center Dr., Suite East C204
Hoffman Estates, IL 60192

📞 (847) 250-2007
🌐 MetroTaxRelief.com

Let us help you determine whether your investment qualifies and make sure you claim every deduction you're entitled to.