Set up user access in Chase Bank for accountant view-only access: 1. Navigate to the account management section after logging in to your Chase Bank account. 2. From there, select the "Access and Security Manager" option. 3. Next, choose "Add Authorized User." 4. You will then be prompted to input the necessary information for the new user. Enter the first and last name of your Monotelo accountant, as well as the email address and phone number. First & Last Name: John Smith Email: john@monotelo.com Phone number: 800-961-0298 5. Then, on the next page, select only limited access, remove travel, and full access. Hit submit. 6. You can select the appropriate permissions for the new user. In this case, your Monotelo accountant only needs to see activity and check images, documents, and statements. 7. After you select the appropriate permissions, you should review and confirm the information entered and then submit the request. 8. Chase Bank will then email your accountant at the provided email address with instructions on accessing your account at Chase. 9. Your accountant should check their email for the invitation and follow the instructions to accept it. The invitation may expire after 24 hours, so your accountant should accept it immediately. 10. Once your accountant has accepted the invitation and set up their login credentials, they can access your account with view-only access. Congratulations! You have successfully set up user access in Chase Bank for your accountant with view-only access.

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One step away to save on your taxes. Schedule a quick 10-minute, no-obligation consultation. INTRODUCTION Realtor Sam, while a real person, is not the actual name of this real estate agent. We have changed the name to protect the innocent! The Realtor Sam case is a case we examined in 2015, which had similarities to cases that had come across our desk in the past. Realtor Sam had been in the real estate business for nearly twenty years. He was not only selling real estate, he also owned several residential properties that were generating significant cash flow and taxable income. Realtor Sam had incorporated his commission-based business as a C-Corp ten years prior to our interaction with him. Apart from a bad year in 2013, his gross commissions were generally around ninety-five thousand dollars per year and his commission-based business was generating around forty-thousand per year in free cash flow after all his expenses were paid. What made Realtor Sam’s case unique was the fact that his investment properties were generating significantly more income than his commission-based business. THE CHALLENGE By incorporating his commission-based business, Realtor Sam had taken the first step towards a tax-efficient business structure. However, there were additional steps he should have taken when he first set up his business ten years earlier. Because of the way Realtor Sam had structured his compensation from his C-Corporation for his commission-based income, he was regularly generating losses on his corporate tax returns. Worse, because he was set up as a C-Corporation, those losses could not be used to offset the income he was generating from his rental properties. These issues were causing Realtor Sam to significantly overpay on his tax returns every year. THE SOLUTION Fortunately, we were able to put a plan together for Realtor Sam to help get him back on track. Our first goal was to take advantage of the accumulated losses on his corporate tax return. To accomplish this, we made some adjustments to how he was compensating himself through the business. Our second goal was to help him efficiently pull profits out of his business by taking advantage of some provisions in the Internal Revenue Code that were available to him as an officer of a corporation. These changes reduced his tax bill in the first year by $9,000 and by $5,500 in each of the subsequent years. These results were beyond what we had expected, and beyond what we generally see for someone with Realtor Sam’s taxable income, but they do demonstrate what can happen when we apply a deep understanding of the tax code as it relates to real-estate centered businesses. At Monotelo our focus is more than tax preparation, it is to make a difference with actionable and meaningful financial solutions that positively impact our clients’ lives. Save as PDF

Bitcoin - Caveat Emptor or Ship It In? This presentation is for informational and educational purposes only. This content should not be construed as financial or legal advice, and should not be interpreted as a recommendation to purchase Bitcoin or any other type of Crypto Assets. Investors thinking of investing in Crytpo Assets should be prepared to lose 100% of their investment. Any investment in Bitcoin or other Crypto Assets is a highly speculative investment, and should not be made with money the investor cannot afford to lose. The content of this presentation is not intended to create a financial advisor-client relationship. We strongly recommend you seek advice from a professional advisor before making any investment decisions, as investing involves risk. Past performance is not a guarantee of future results, nor is it indicative of future performance. Schedule Your Integrated Wealth Management Discovery Call

Quarterly: Oct 17 Better Thinking... The world is complex, and it can tax our mental resources to process all the information that is coming our way. To keep up with all the data that our minds are processing, we come up with time-saving (and energy saving) rules of thumb, called heuristics. We may be applying these heuristics unconsciously, and they don’t even need to be rational. We simply need to believe them. In Thinking, Fast and Slow, Nobel Prize winner and author Daniel Kahneman breaks down our decision-making process into two systems. To keep things simple he describes them as “System 1” and “System 2.” System 1 is intuitive and emotional. It is fast and easy. “There was a shark attack last week, I am never going to the beach again.” System 2 is deliberative and logical. It is also slow and requires effort. “What are the chances of getting attacked by a shark? Are they higher today than they were last week? Is swimming in the ocean more dangerous than swimming in a community pool?” If I were to ask you “What is 7 times 3?” You could access System 1 and respond immediately with “21.” If I were to ask you “What is 277 times 53?” You could respond with the correct answer, but it would likely require you to tap into System 2 before you answered correctly. System 2 requires a deeper level of thinking, and it requires a near-exclusive devotion to the problem-solving effort. It would be nearly impossible for someone to multiply 277 by 53 in their head while writing out instructions on how to make banana bread - even if they had a great recipe for banana bread stored in their memory. That’s because System 2 thinking requires concentration to solve the problem. The interesting thing about System 2 is that it can morph into System 1 when we spend hundreds or thousands of hours training our mind. Here are two examples: My younger son got his license back in February. When he first started driving, it took all of his concentration to remember where to put his hands on the steering wheel, the rules of the road, and the process of looking ahead, behind and the sides of the road to identify threats. When we first start driving, we go into “System 2” to concentrate on the task at hand. As time goes by, those basic driving and awareness skills become second-nature to us, and driving can move from a System 2 process to a System 1 process. I often listen to podcasts while driving on the interstate. I can do this because System 1 takes over, and driving is second-nature . Another example of this would be Garry Kasparov, who retired from professional chess after being ranked as the world’s top chess player for 20 years. If Gary were to come and play 10 amateur chess players, he could play them all at the same time. We could line them up and Gary could could move from player to player, knowing immediately what his next move would be. The next move on a chess board is second nature for Gary because he has played thousands of games. He knows the implications of moving the rook or moving the queen. He doesn’t need to access System 2 to beat an inexperienced player. The challenge with our System 1 and System 2 thinking is when we "think" we are an expert, or we have a life experience that impacts us. This perception of “expertise” or the impact of life experience can shape our decision-making process in an equally profound way – to our benefit and to our detriment. That’s because these experiences build the heuristics that we use as short-cuts to make decisions, and some of these heuristics are helpful, but some are not. So how do we distinguish between the two? Understanding how System 1 and System 2 work together is critical because we cannot always trust our System 1 intuitions. And a big part of our challenge is that System 1 is so much easier to operate from, because we have all the data to reinforce our personal biases. How do we determine which of these short-cuts lead to better outcomes? Over the next few weeks we will explore how to limit the downside of our System 1/System 2 thinking and how to use these two systems to make better investment decisions. Read Part Two: "...Better Decisions"

Be aware of the special situations that could cause you to owe when you file your taxes next year. Save as PDF Read more articles Share 1 2 AVOID SURPRISES ON YOUR 2018 TAX RETURN According to the IRS, the number of taxpayers who owe at the end of the year has increased 40% in recent years. To make matters worse, if you owe money on your tax return you will also likely be charged penalties and interest for not paying the correct amount throughout the year. The best way to avoid this is to make adjustments to your federal withholdings with your employer or to make estimated tax payments throughout the year. To get started you should determine if you are likely to have a balance due when you file your 2018 tax return next year. WHY DO I OWE? When you are paid by your employer they are required to withhold federal taxes to cover your expected liability. However, these withholdings are not always sufficient to cover your final tax bill due to various factors that can affect your tax liability. Several of these factors include: More than one source of income . If you work more than one job, or if you have a spouse that also works, you have an increased chance of owing on your tax return. This is because each employer only accounts for the wages they are paying you when determining how much taxes to withhold. When you have more than one source of income you could be in a higher tax bracket than your employer expects. Significant increase in income. When you start making more money you run the risk of being phased out of various tax deductions that you may have qualified for in the past. And if you receive a large pay raise in the middle of the year, your withholdings in the first half of the year may no longer be sufficient for that portion of your income when you move into a higher tax bracket. No longer claiming your child. Claiming your child on your tax return can reduce your tax bill by $2,000-3,500 per year. So when you child moves out on their own, or when you cannot claim your child due to divorce, it can take a heavy toll on your tax bill. Major life changes. Getting married, getting divorced, or retiring. These are all major life changes that can have a dramatic impact on your tax return. When you go through one of these changes you should be prepared for significant changes to your tax bill. WHAT TO DO? If any of the above situations apply then you are at increased risk of having to pay when you file your 2018 tax return. To avoid this you can change your withholdings with your employer. If you have more than one job we recommend claiming zero allowances with your second employer. You can also request that an additional specified amount be taken out of each check and put toward your federal tax liability. You can also estimate your final tax bill and make quarterly estimated payments to reduce or eliminate your bill at the end of the year. If you still owe, making quarterly payments can help you avoid paying additional penalties when you file your return. If you would like help determining if you should adjust your withholdings or make estimated payments please give us a call. 1 2 3 4 Save as PDF Read more articles Share Failing to order your affairs to minimize your tax burden could cost you significant money - so don't wait to take action. If you have additional questions or need some planning help, please reach out to us.

THE TAX-EFFICIENT RETIREMENT PLANNING GUIDE Download

TAX TALK In our articles we will frequently use tax-specific phrases that while second nature to us, may be confusing to many of our readers. To clear up some of that confusion we have provided some definitions for the most common phrases below. Adjusted Gross Income Adjusted Gross Income (AGI) is defined as gross income minus adjustments to income. Gross income includes your wages, dividends, capital gains, business income, retirement distributions as well as other income. Adjustments to Income include such items as Educator expenses, Student loan interest, Alimony payments or contributions to a retirement account. Many deductions and credits on your tax return are determined by your AGI. Tax Credits vs Tax Deductions There are two ways your tax burden can be reduced: Tax Credits which directly reduce your tax bill, and tax deductions which indirectly reduce your tax bill by lowering the amount of your taxable income. Let’s say you have taxable income of $10,000 which is taxed at 25%, your tax bill on that income is $2,500. If you receive a tax deduction of $1,000 it will bring your taxable income down to $9,000, reducing your tax bill to $2,250 and saving you $250. IF instead you have a tax credit of $1,000 it will directly reduce your $2,500 tax bill down to $1,500, saving you the full $1,000. Filing Status. Your filing status determines the deductions and credits you qualify for and how much tax you pay on your income. Depending on your situation, you may qualify for more than one filing status, in which case you can choose the one more beneficial to you. These are the five filing statuses: Single. This is the normal filing status for taxpayers who are not married or who are legally separated Married Filing Jointly . Taxpayers who are married can file a joint tax return, reporting all of their income and expenses together Married Filing Separately. Taxpayers who are married can instead choose to file separate tax returns, each reporting their own income and expenses. It is generally better to file a joint return to keep taxes low, but in rare circumstances it can be more beneficial to file separate. Head of Household. Taxpayers who are unmarried and provide more than half the cost of maintaining a home for themselves and at least one other qualifying person can file head of household. This filing status provides larger deductions and lower tax rates than filing single making it the best option for taxpayers who qualify. Qualifying Widow(er) with Dependent Child. Taxpayers whose spouse died within the last 2 years can choose this filing status if they have a dependent child. This status allows them to claim the same deductions and tax rates as if they were filing a joint tax return. Your filing status for any given year is determined by your marital status on the last day of the year. A couple who get married December 31st can file a joint return for that year even though they were unmarried for the majority of the year. This rule does not apply in the death of a spouse. When a spouse dies the surviving spouse can file a joint tax return for the year of death. Itemized Deductions vs Standard Deduction There are two ways you can take deductions on your tax return: you can itemize deductions or use the standard deduction. The standard deduction is a set amount and is based on your filing status. If you itemize your deductions you will take the actual amount you spent on allowable deductions which include: Mortgage interest paid on your personal residence State income taxes paid Real estate taxes paid on your personal residence Medical expenses paid including out-of-pocket premiums paid Charitable donations Each of these deductions is subject to various limitations. Since the passage of the Tax Cuts and Jobs Act in 2017, most taxpayers will benefit more from taking the standard deduction than from itemizing their deductions.

Why Monotelo? One step away to save on your taxes. Schedule a quick 10-minute, no-obligation consultation.

Get Started Simplify Your Crypto Tax Filing – Expert Help for Crypto Investors Stay compliant with IRS guidelines while maximizing deductions for your cryptocurrency trades. Book a Free Consultation Expertise in Crypto Taxes Specialists in crypto tax regulations. Accurate Reporting Tools and expertise for tracking and reporting trades. Maximize Deductions Strategies to minimize tax liability. Problem 1 Struggling to track your trades across multiple exchanges? Solution We simplify the process by consolidating all your trading activity into a single, comprehensive report. Problem 2 Confused about tax regulations for staking and DeFi Solution Our experts provide clarity and ensure proper categorization to avoid mistakes Problem Cryptocurrency Tax Challenges Does your tax preparer handle activities like trading, staking, mining, airdrops, DeFi, and NFTs? Are you worried about staying compliant with evolving IRS cryptocurrency taxation guidelines? Are you missing out on deductions for mining equipment or operational costs? Do you struggle to calculate your basis for various positions? Solution Most tax software lacks the ability to robustly track cryptocurrency activities, leading to incomplete or incorrect filings, and increasing the risk of audits or penalties. Monotelo Advisors resolves these issues by: Offering advanced crypto-tax solutions tailored to trading, staking, mining, DeFi, and more Ensuring compliance with the latest IRS guidelines. Maximizing deductions, including those for operational costs and equipment Simplifying basis reporting to ensure precise and accurate tax preparation The Process Step 1 Request access to your secure portal. Sign Up Step 2 Upload Your Documents Upload all your tax documents easily and securely to your portal Step 3 We Prepare and Review Our team will prepare your return and ensure it’s accurate and compliant. If you trade on non-traditional platforms (other than Coinbase or Robinhood, etc.), please provide the transaction basis information. If we notice any missing information, we’ll follow up promptly. Step 4 Review and Approval Once your return is complete, we’ll notify you via text, email, or phone—your choice! You’ll have the option to review your return with one of our tax experts. Step 5 We Handle the Rest After your review, we’ll finalize and electronically file your tax return. Get Started Let's get started! First name Last name Email Phone Street Address City, State, Zip Code Submit Get Started Resources Crypto Tax Prep Checklist 5 Crypto Mistakes to Avoid Should I choose a CPA or an Enrolled Agent? Tax Prep Checklist The Mega Back-Door Roth – A Powerful Retirement Strategy Our Pricing Basic Starts at $350 up to 25 transactions Plus Starts at $425 up to 100 transactions Advanced Starts at $650 up to 1,000 transactions Contact for a quote Get Started Additional schedules from other sources of income or deductions may incur an additional fee. Don’t wait until the deadline – simplify your crypto taxes today! Start Your Crypto Tax Return Now © 2025 by Monotelo Inc. info@monotelo.com 800-961-0298 View our privacy policy

Testing real estate page. A Better Way Our Services Retirement Planning Testimonials Our Team Providing Successful Real Estate Agents With A Proven Path To Reducing Tax Liability. Proactive Tax & Accounting Services That Help You Keep More Of What You Earn Click Here To Schedule Your Free Consultation Now! To Top Anchor 1 A Better Way To Secure Your Financial Future Let us help you keep a higher percentage of your commission. Why Monotelo We will help you keep more of your hard-earned commissions. At Monotelo, we guarantee to save you more on your taxes than what you spend with our firm. How we work with agents We start every new client conversation with a tax discussion. From there, we customize the strategies to your unique situation to maximize your tax savings . Tax tips and Strategies The new tax code radically impacted your tax situation. We continually invest in our education so that when changes happen, we're ready to meet the challenge. White Papers Real world examples of our clients saving between $6,000 and $15,000 per year . White Papers are available to you upon request during your free consultation. Schedule Your Free Consultation Now! To Top Anchor 2 The Tax Planning Services You Deserve Your Tax Savings Come From Our Strategic Advice. Tax Savings Strategies Tax savings for small business owners goes way beyond a simple home office deduction, personal car miles and cell phone bills. Monotelo's tax savings strategies are designed to capture the intersection between the federal tax code and your unique situation as a small business owner. Market Compensation Most S-Corp owners are aware of the tax benefits of separating wage income from S-corp profits, but expose themselves when they fail to address IRS fair market compensation requirements. The Monotelo process is designed to audit-proof your owners' compensation while minimizing your tax liability. Entity Selection Process Your choice of entity matters. LLC, S-Corp, C-Corp, Sole Proprietorship, LLP all have different tax implications; and the best entity structure for your business depends on your unique personal financial situation. Monotelo can help you determine the tax deduction advantages and disadvantages of each option. Entity Structuring When buying or starting a business, one of the first things to consider is the legal form you will use to own and operate the business. Once the ideal entity structure has been identified, Monotelo can help you get your entity in place and equip you to operate within compliance of state and federal regulations. Schedule Your Free Consultation With A Tax Expert Who Can Help You in 2019! To Top Anchor 3 Allocating Your Tax Savings To Create Growth The Tax Cuts and Jobs Act Enacted in January of 2018 shifted the Retirement Planning landscape. The Tax Cuts and Jobs Act radically shifted the Retirement Planning Landscape. Are you taking advantage of the new opportunities? The new tax law instituted several significant changes to the individual income tax, including reforms to itemized deductions, the alternative minimum tax and lower marginal tax rates across brackets. These changes radically impact how small business owners should be preparing for retirement. If your financial plan was put in place prior to December of 2017 you are likely missing out. Don't Procrastinate! Schedule Today! To Top Anchor 4 Hear from other Real Estate Professionals just like You Lisa - Milwaukee, Wisconsin Top 1% of all Wisconsin Agents “I worked all those years with my last CPA, and he helped write off my expenses, but I’ve never had anyone who could help me save money on my taxes the way Monotelo Advisors has for me. I would recommend Monotelo to anyone in the real estate business.” Reggie - Southern Illinois Top 1% of all Illinois Agents "I probably tell five people a week: 'If you want to save money and protect your assets, call Monotelo. If not, keep doing what you're doing.' Monotelo is great at tax planning, and if you are not working with them, you are throwing money away." Rick - Re/Max Broker-Owner Re/Max Catalyst Recognition 8 Years in a Row Rick - Re/Max Broker-Owner Re/Max Catalyst Recognition 8 Years in a Row "I tell my highest producing agents: 'You've got to do better with the money you are making.' Then I tell them to go and talk to Monotelo. We care about all aspects of our agent's business - that's why we brought Monotelo out to speak to all of our high-producing agents." Schedule Now! To Top Anchor 5 Meet Your New Team Jim Richter Tax Planning Expert Jim brings 20+ years of experience in the financial services industry to Monotelo Advisors. Prior to founding Monotelo, Jim spent 7 years as a Managing Director and Partner at PT Asset Management, a $1.7 billion alternative asset manager in Chicago. Prior to his time at PTAM Jim spent 9 years as a fixed income specialist in the banking industry. Jim is a Chartered Alternative Investment Analyst with a degree in Finance from the University of Illinois – Chicago. He is an Enrolled Agent, a federally authorized tax practitioner empowered by the US Treasury. Gavin Tabb Tax Planning Expert In addition to providing our small business clients with seamless payroll and bookkeeping services, Gavin supports our tax research that drives the strategies our clients employ to save on their federal and state income tax liabilities. Gavin has a Bachelor’s degree in accounting from Northern Illinois University. He is an Enrolled Agent, a federally authorized tax practitioner empowered by the US Department of the Treasury to represent taxpayers before the Internal Revenue Service. Gavin is also an Intuit QuickBooks Certified User. Marianne Richter Engagement Manager Marianne is responsible for ensuring that Monotelo delivers a high level of customer service and exceeds the expectations of our small business relationships. Marianne brings 13+ years of diversified training and marketing experience in the consumer goods industry to Monotelo. With a bachelor's degree in marketing, Marianne worked in senior management roles at Kraft Foods for more than a decade. She had national profit and loss responsibility and was responsible for training their national sales teams. To Top Anchor 6 2250 Point Boulevard / Suite 230 Elgin, IL 60123 Office Hours Monday - Friday: 8:00 AM - 5:00 PM CST 800-961-0298 CONNECT WITH US ON SOCIAL MEDIA Schedule Your Free Consultation Now!

At Monotelo Advisors we work hard to free up cash flow by helping you minimize your federal tax liability, giving you more money to reinvest into your future. Welcome to Monotelo Advisors Tax expertise that delivers. CHOOSE YOUR DESTINATION SMALL BUSINESS PUBLIC SERVANTS TAX EXPERTISE Our Mission: To make a difference with meaningful and actionable financial solutions that positively impact our client's lives.