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Welcome to the SRJ Consulting Tax Blog!

SRJ Consulting is known for its proficiency in income tax preparation and representation before the IRS.

Based in Chicago, SRJ Consulting provides a comprehensive range of services, including income tax preparation, IRS audit defense, IRS appeals, penalty abatement, unfiled tax returns, and consulting services.

Staying informed about tax law changes is crucial for every taxpayer. Fortunately, the official IRS.gov website provides a Tax Reform Page, which highlights the tax law changes.  For a detailed understanding, you can access IRS Publication 17, Your Federal Income Tax, here.

Please remember that this blog serves informational and educational purposes and should not be interpreted as personalized tax advice. It’s always advisable to consult a tax professional before making any significant decisions.

Please check back often to see what’s new.  If you want to send your feedback or idea to SRJ Consulting, just click on Contact.

Thank you for visiting this Blog. Have a peaceful day!

TaxChanges

What are the 2024 tax law changes?

Stay updated on the latest 2024 tax law changes, including increased standard deductions, adjusted tax brackets, enhanced Earned Income Tax Credit, and new reporting thresholds. Maximize your tax benefits by understanding these key updates.

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CanIClaim

Can I claim my friend as my dependent?

Learn the criteria to claim a boyfriend, girlfriend, domestic partner, or friend as a dependent for the 2024 tax year, including income limits, support requirements, and nationality rules. Understand the impact of the Tax Cuts and Jobs Act on personal

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HoldProperty

How can married couples hold property?

Learn about the various ways married couples can hold property, including Sole Tenancy, Joint Tenancy, Tenancy in Common, and Community Property. Understand the tax implications of each type and discover how divorce affects taxes.

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Papers

What papers will I need if a family member dies?

Discover the essential documents needed when a family member passes away, including death certificates, insurance policies, and Social Security numbers. Learn about Social Security benefits for surviving family members, such as one-time death benefits and survivors benefits.

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SocialSecurity

How to get my Social Security Statement?

Learn how to obtain your Social Security Statement easily through online, postal mail, or in-person methods. Understand the importance of reviewing your earnings record and how to correct any mistakes. Stay informed with the latest 2024 guidelines to ensure your

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CreditReport

How can I check my credit report?

Learn how to check your credit report for free from the three major credit bureaus, purchase additional reports, and monitor your credit regularly. Understand the importance of reviewing and correcting errors in your credit report to protect your financial health,

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Change

Whom should I notify of a new address?

Discover the essential organizations and people to notify when you move to a new address, including the IRS, U.S. Post Office, insurance agents, banks, and more. Ensure your mail and communications reach you without any issues by updating your address

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Donations

What records to keep when giving donations to a charity?

Learn how to ensure your charitable donations are tax-deductible with the latest 2024 guidelines. Discover the essential records you need to keep, including bank records, receipts, payroll deduction records, and appraisals for donations over $5,000. Stay informed and maximize your

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Efile

Why e-file and choose direct deposit?

Discover the benefits of e-filing and choosing direct deposit for your tax returns. Learn how these options ensure a faster, safer, and more convenient way to receive your refund directly into your bank account. Stay informed with the latest tips

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