It happens. Between managing your business, life, and everything in between, deadlines can slip through the cracks. If you own an LLC in Illinois and you’ve missed a filing or tax deadline, don’t panic—but don’t ignore it either. Here’s what you need to know and what steps to take next. 1. Identify What You Missed […]
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Don’t Miss the Deadline! Get Your Taxes Filed on Time—Or Let Us Help with an Extension
Tax season is here, and if you’re in Schaumburg or the surrounding area, it’s time to get your returns in order! Whether you’re an LLC, sole proprietor, S-Corp, or an individual filer, Blue Ocean Tax Advisors is here to ensure you file on time and maximize your refund. Why Filing On-Time Matters The IRS sets […]
What to Do If You Owe the IRS and Don’t Know How to Pay
Finding out that you owe money to the IRS can feel overwhelming and stressful. Whether it’s due to an unexpected tax bill, a past filing error, or unforeseen financial hardship, not knowing how to pay your tax debt can leave you feeling stuck. But here’s the good news: you have options. At Blue Ocean Tax […]
Don’t Panic: How to Handle an IRS Notice with Blue Ocean Tax Advisors
Receiving a notice from the IRS can be nerve-wracking. You open your mail and there it is: a letter with the IRS logo at the top. Before you spiral into worry, take a deep breath and know this—receiving a notice is actually a very common practice. At Blue Ocean Tax Advisors, we’re here to guide […]
Get Ready for 2024: Blue Ocean Tax Advisors’ Free Webinar on December 5th!
Are you ready to navigate the ever-changing tax landscape confidently? Join Blue Ocean Tax Advisors for an exclusive FREE webinar on Tuesday, December 5th, at 2:00 PM (CST). This is your chance to stay ahead of the curve as we unpack essential tax updates, compliance tips, and deductions that could significantly impact your bottom line. […]
Tax Planning Tips for Sole Proprietors: Maximize Savings and Minimize Stress
As a sole proprietor, you wear many hats in your business—from CEO to marketer to customer service representative. But when tax season rolls around, you also need to take on the role of financial planner. Proper tax planning is essential to ensure you’re not paying more than you need to and that your business is […]