Top Tax Services in Melrose Park, IL 60160

Accounting, Bookkeeping, Payroll, Planning and Tax Services in Melrose Park, Cook County, Du Page County, Will County, Kane County, Kendall County, Mc Henry County IllinoisRead More…
Need help filing taxes, including your federal tax return and state tax return? Your local Melrose Park H&R; Block office is open January to April to provide the tax know-how you need. Looking to f...Read More…

Recent Reviews View all

Nightmares

5.0

By sonofsonofspock at Citysearch

by far the best haunt in chicago ...read more

Nightmares

1.0

By mjakzn at Citysearch

The scariest thing about this ""haunt"" is the confederate flag laden gift shop at the end and the HORRIBLE service from the bouncer / manager. Throughout the house, doors to other staging rooms were left open which took away from the already lackluster experience. Not worth the commute or dollars. ...read more

New Photos 7 photos

View all 7

Blogs View more

At Tax Cuts Expiration Date Nears, Little Consensus

TAXES JULY 15, 2010 As Tax Cuts' Expiration Date Nears, Little Consensus ByJOHN MCKINNONWASHINGTON—President Barack Obama wants to extend the Bush-era tax cuts for the middle class only. Many House Democrats want to extend them for that group, too, but perhaps only for a year or two. Republicans, and a handful of centrist Democrats, are talking about extending all the tax cuts.Such is the confused state of play heading into one of the biggest tax debates in a decade.The crunch time will come later this year when Congress tackles the roster of tax cuts that expire Jan. 1. On the list are taxes on income, dividends and capital gains. Lawmakers also have to deal with the estate tax, which went to zero this year and is set to leap to 55% next year unless Congress acts.The uncertainty has many businesspeople sitting on their hands, because they don't know what tax rates will be next year, say business groups and economists. That is suppressing investment and hiring, surveys suggest, contributing to the economy's current sluggishness.Lawmakers are negotiating a tax bill, but appear increasingly likely to wait until after the November election to take any final action that could anger voters—either by raising taxes, or by cutting them and thereby deepening deficits. Congress ultimately could decide to extend current tax levels for just a few months, leaving the issue for the next Congress to settle. Another option is a short-term extension of a year or two, avoiding for now the huge cost to the Treasury of a permanent extension. It's even possible Congress might fail to take any action this year.Looming over an already-fraught political decision is the weak economy. Recently, a few centrist Democrats have suggested that they're uncomfortable raising anyone's taxes in the current environment. ...read more

By OPTIMO ACCOUNTING SOLUTIONS July 16, 2010

Related Articles View more

How to Calculate Child Tax Credit

Taxpayers can qualify for various tax credits to reduce their tax liability, one such credit is the child tax credit. To qualify for the child... read more

How to Gift Money to Family Members Tax Free

Many people give money to family members as a gift in their time of need or if they come into a substantial amount of money. Giving money to a family member can sometimes be taxed; however, there are ways to avoid this this and give money to family members free of tax. ...read more

Filling of IRS Forms

Many people have opted to learn to file their taxes themselves. This is a great way to save money, and it puts people in control of their own tax return. The process can be confusing, but there are enough resources to learn the correct method. ...read more