Katz Milanec, Inc.

Katz Milanec, Inc. Certified Public Accounting Firm in the Chicagoland area specializing in tax related matters Katz Milanec, Inc.

is one of the fastest growing CPA firms in the Chicagoland area. Our dedicated team of experts is ready to advocate for you, advise you, and assist you in taking you and your business to the next level. We do this via an innovative approach wherein we holistically consider your entire financial situation and perform incomparable due diligence to achieve the best results for you and your business.

Annually we service thousands of individuals across the United States. Across the Tri-State area and nationwide, we provide outsourced CFO services for dozens of businesses. We do this by expertly evaluating each business and providing custom, scalable solutions to their problems at every level of growth and stage of the business cycle. Please call our office at 708-914-8220 with any questions or for further information regarding our services.

Check out Linkdin's Article Titled, "Expert View on the Current ERC Situatuion."
05/01/2024

Check out Linkdin's Article Titled, "Expert View on the Current ERC Situatuion."

03/14/2024

๐Ÿฅง Happy Pi Day! ๐Ÿฅง

Today, as we celebrate the mathematical constant ฯ€ (pi), let's also reflect on the importance of precision and accuracy โ€“ values that are at the core of our company's ethos. Just as ฯ€ helps us calculate circles with exactness, we're here to ensure your financial calculations are equally precise.

Whether it's balancing your books or maximizing your tax returns, trust us to handle the numbers with care and expertise. Let's make every day feel as satisfying as a perfectly baked pie! ๐Ÿ“Š๐Ÿ’ผ

03/12/2024

Quick Reminder from Katz Milanec!

March 15th is crucial for partnerships, multi-member LLCs, and S-Corporations. Itโ€™s your last day to file taxes or request an extension.

For our current clients: Weโ€™ve got you covered! If you needed an extension, weโ€™ve already filed it on your behalf.

Need help or have questions? Weโ€™re just a message away. Call us at (708) 914-8220. Letโ€™s tackle this tax season together!

Better to leave that to experts like Tom Skilling and those who will follow in his footsteps. Speaking of leaving things...
02/02/2024

Better to leave that to experts like Tom Skilling and those who will follow in his footsteps.

Speaking of leaving things to the experts....

Meteorologists predict weather better than groundhogs, and we prepare taxes better than some pop-up shop in a Big Box lobby.....even if you can recognize their name faster.

Call or walk in to our lobby to schedule an appointment today to find out why!

01/29/2024

๐Ÿ“ฃ Attention Clients of KatzMilanec! ๐ŸŒŸ

As we gear up for the 2023 tax season, it's time to start gathering your tax documents. Remember, early preparation is key to a smooth tax filing experience. Our team at KatzMilanec is here to assist you every step of the way. Let's ensure your financials are in top shape for the upcoming tax season. Reach out to us for expert guidance and support.

๐Ÿ“‘๐Ÿ” Start organizing your documents today and contact us for any assistance you need!

๐Ÿšจ Attention Business Owners! ๐ŸšจThe IRS is cracking down on aggressive Employee Retention Credit (ERC) claims, and they've...
12/07/2023

๐Ÿšจ Attention Business Owners! ๐Ÿšจ

The IRS is cracking down on aggressive Employee Retention Credit (ERC) claims, and they've sent out over 20,000 disallowance letters to taxpayers.

If you've received one of these letters or have any questions about ERC eligibility and compliance, it's crucial to stay informed. The IRS is taking steps to ensure that only eligible entities receive this tax credit.

To learn more about this and how it might impact your business, check out the IRS article here.

Remember, when it comes to taxes, it's always best to be well-informed and compliant. If you have concerns or need assistance, don't hesitate to reach out to a tax professional. Your business's financial health depends on it! ๐Ÿ’ผ๐Ÿ’ฐ

Things you see in The Village of Homewood, Illinois... Happy Holidays Everybody...
12/04/2023

Things you see in The Village of Homewood, Illinois... Happy Holidays Everybody...

11/21/2023

๐Ÿšจ Important IRS Update for 2023! ๐Ÿšจ

The IRS has announced a significant delay in the new $600 reporting threshold for Form 1099-K. For 2023, the familiar threshold of over $20,000 and more than 200 transactions remains in place. This decision aims to reduce confusion and prepare for a smoother transition.

What does this mean for you?
- No changes in reporting for third-party transactions in 2023.
- A planned threshold of $5,000 for 2024, as a step towards the eventual $600 limit.

Why the delay?
- To avoid confusion from an estimated 44 million new Forms 1099-K.
- To allow more time for the IRS and stakeholders to adapt.

Remember, this is for goods and services sales. Personal transactions like gifts or shared expenses are not affected.

๐Ÿ‘‰ Stay informed and prepared! For more details and how this affects your finances, feel free to reach out to us at Katz Milanec, Inc. Weโ€™re here to help you navigate these changes smoothly.

11/21/2023

More Deductions in 2024 - Here's What You Need to Know!

Exciting news for 2024! Your standard deductions are going up:
- $14,600 for singles.
- $29,200 for married couples.

Great for W-2 employees โ€“ potentially a bigger refund!

Also:
- Social Security recipients, expect a 3.2% boost.
- Plus, changes in tax credits and exclusions.

Thinking about how this impacts your wallet? Letโ€™s talk and plan your 2024 taxes together!

11/17/2023

Navigate Offer In Compromises' with Confidence at Katz Milanec, Inc.

Struggling with significant tax debts? An Offer in Compromise (OIC) could offer a lifeline, but itโ€™s essential to determine your eligibility first. Here's the insight:

Understanding an OIC:
- An OIC allows you to settle tax debts for less than the full amount, applicable in cases of financial hardship.
- This agreement can be made directly with the IRS, tailored to your financial circumstances.

The Pitfalls of OIC Mills:
- Beware of firms making grand claims about settling your tax debts for pennies on the dollar.
- OIC mills might mislead you into applying for an OIC even when you might not meet the strict criteria set by the IRS, leading to unnecessary expenses and frustration.

The Katz Milanec, Inc. Difference:
- At Katz Milanec, Inc., we initiate our process with a meticulous evaluation of your eligibility for an OIC. This thorough analysis ensures that we pursue only the most viable and beneficial options for your unique financial situation, avoiding unnecessary costs and maximizing your benefits.
- Our team doesn't just offer generic solutions; we delve into the specifics of your case. We craft financial strategies that are not only accurate but also perfectly aligned with your personal and business financial goals, ensuring a customized approach that truly addresses your needs.

Ready to see if an OIC is right for you? Start with our easy-to-use OIC Calculator: (https://taxreliefguaranteed.com)

Choose Katz Milanec, Inc. for transparent, expert tax advice. Letโ€™s tackle your tax challenges with the precision and care you deserve.

11/16/2023

๐Ÿ”โœจ Understanding Ghost Preparers: At Katz Milanec, Inc., we're committed to ethical and transparent tax preparation, setting us apart from the risks associated with ghost preparers.

๐Ÿšซ What are ghost preparers?
- They are tax preparers who don't sign tax returns they prepare.
- This anonymity means they're often unaccountable for the tax advice given or the returns filed.
- Ghost preparers might make unrealistic promises about refunds or charge fees based on the refund size, which can lead to compliance issues and financial inaccuracies.

๐ŸŒŸ How We're Different:
- Full Accountability: Every return prepared by us is signed, ensuring we stand behind our work with full accountability.
- Ethical Practices: Our team is guided by honesty and integrity, providing realistic and lawful financial advice.
- Compliance and Professionalism: We adhere strictly to IRS guidelines, ensuring every tax filing is accurate, compliant, and professionally handled.

๐Ÿ“ˆ As a trusted CPA firm, Katz Milanec, Inc. offers more than just tax preparation; we offer peace of mind and a commitment to your financial health.

Choose transparency, choose reliability, choose Katz Milanec, Inc. for your tax needs.

Address

18141 Dixie Highway, Suite 105
Homewood, IL
60430

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

Telephone

+17089148220

Website

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