Tax Services
Our tax services make taxes easy for you and your business.
Get all the deductions and credits you are entitled to!
With our proven innovative tax strategies, we will help you minimize your tax burden for years.
Tax Preparation
No matter how complicated your taxes are, you can trust our experts to maximize your refunds, minimize your tax burden, and help you plan for the future. With a wide range of tax services handled by a team of licensed tax experts, we can provide the solutions you need, from individual returns to complex business scenarios. Let us handle your taxes so you can focus on the things that matter most to you, your family, and your business.
Individual Tax
There are many reasons an individual may need to turn to a tax professional rather than take the old DIY approach. At DuPage Tax Solutions, we are committed to:
Making your taxes all about you
We specialize in individual tax preparation for complex issues and high-net-worth individuals. From early filings to well-thought-out tax plans, we have the people and resources to get to know your specific needs and ensure you’re not in panic mode on Tax Day.
Minimizing your tax burden and increasing your refund
The tax code is complex, but our innovative tax strategies ensure your taxes are minimal, and you get the maximum refund, guaranteed!
Minimizing the likelihood of an IRS audit with our innovative tax strategies
Tax laws are constantly changing, and it’s challenging for taxpayers to keep up with the countless revisions. At DuPage Tax Solutions, we ensure our tax preparation pros stay informed and know the current tax laws inside and out. Armed with this knowledge, they identify the best ways to legally minimize your tax burden, keep you in compliance, and avoid trouble with the IRS.
Business Tax
From tax preparation and filing your tax returns to long-term tax planning, we deliver the solutions you need to move your business ahead. We can handle all your tax needs to the smallest detail, so you get optimal results.
We take business taxes personally
Partnering with a tax preparation firm that understands your business is essential. As your trusted advisor, we ensure you save more money by applying tax-saving strategies and avoiding penalties and fees. Moreover, our personalized advice will help you make better business decisions.
You need more than a tax expert. You need a business expert in your industry.
Whether you’re a real estate agent, a regional construction company, or a manufacturing giant, we know your industry and will help you plan and optimize your tax strategy. We know the complicated tax codes that apply to your company, and we’ll help you understand the critical details along the way.
State and local taxes may seem small, but this is often a complex area that can have a significant impact.
Understanding all your filing obligations isn’t easy, especially if you have multistate obligations or your business operates in multiple states or jurisdictions. Every state and jurisdiction has its rules, and trusting anyone other than a tax professional to navigate through them all can be a tax disaster. We can help with multistate tax returns and local compliance so you don’t miss a filing deadline that can lead to significant expenses. Proper planning for state and local taxes helps you avoid audits and ensure accurate payments. As your state and local tax advisor, we know your operations’ ins and outs so you can continue operating where you need to.
Check out our competitive tax preparation prices.
- Healthcare
- Real Estate
- Logistics
- Construction
- Manufactoring
Learn about tax law changes that may affect your taxes and find out tips to avoid common mistakes.
Tax Problem Resolution Services
Problems with the IRS need action to resolve. Without proper action, penalties and interest will continue to increase daily.
Tax support and advice you need to resolve your tax problems
Regardless of the reason for your tax issue or an audit, a tax professional who understands your specific situation will help you go through the process. From initial review and preparation to representation, we support and advise you on the right moves to get through your tax problems with minimal impact. Best of all, we’ll deal directly with the IRS and state tax authorities while you focus on running your business and enjoying your life.
Facing a tax issue or an IRS audit can derail your plans and cause significant stress
We’re here to help you resolve your tax problems, get those plans back on track, and relieve that stress. As your tax resolution assistant, we aim to make the process as transparent and painless as possible.
Tax planning services
Our tax professionals, equipped with strategic thinking and knowledge, can help you achieve successful tax planning. Whether you need an industry-specific or individual tax plan, our experts will provide personalized planning services.
Whether you are an individual taxpayer or an international business owner, tax planning can benefit you and your business.
At DuPage Tax Solutions, we stay informed about the constantly changing tax laws and know the current tax law revisions that can help you take proactive measures and develop strategies to minimize your taxes. When we become your tax advisor, we will begin planning for tax time immediately and identify the best ways to legally lighten your tax burden and keep you in compliance with the IRS.
Effective tax planning must be proactive
Planning to ensure a tax-efficient financial strategy starts early in the year and continues from January to December. At the beginning of the year, your tax planner’s job is to look at tax laws for impending changes and review how they will affect the forecasted tax activity for the year. A second review in the fourth quarter enables taxpayers to make final adjustments. When your financial strategy considers current tax law, you can create uniquely timed financial decisions that minimize your tax liability and avoid penalties. Actions must be taken by December 31 to take advantage of many options.
Plan ahead your individual tax burden for next year
It is crucial to plan for any possible tax implications for anticipated significant tax events like the sale of rental property, settlement income, or the liquidation of an inheritance. We offer consultations and tax projections for these events to ensure you know what is coming at year-end.
What financial activities can you plan around tax laws?
Many financial decisions and activities can be planned around tax law to impact your taxable income. Here are several activities that can significantly affect your unique tax position:
- When to sell your home
- How much to deposit into tax-advantaged retirement savings accounts through payroll withholdings, including Roth options
- Whether or not you should convert money from a Traditional IRA to a Roth IRA or consider a Backdoor Roth IRA.
- Using tax-advantaged benefits such as Health Savings Accounts or Flexible Spending Accounts
- How much should you pay throughout the year in estimated tax payments to avoid a penalty next filing season
- Whether or not you can or should donate part of your RMD to charity. Timing is essential to obtain proper tax treatment.
- Whether using a Donor Advised Fund for charitable contributions can help you manage your taxable income.
- When (or if) you should buy or sell investments in your portfolio.
- How to leverage your investments to offset gains or losses to minimize your liability using Tax Loss or Tax Gain Harvesting
- How to manage stock options, restricted stock units, or deferred income
- Purchase or manage your rental property
- Ways to navigate your business finances and how to choose (or fund) tax-advantaged employee benefits for yourself and your team
- How to appropriately gift money to loved ones both now and as part of your estate plan
We recommend various techniques to maximize after-tax income and put more cash in your wallet.
- Tax projections
- Withholding guidance
- Quarterly estimated payment
- If you are self-employed or have large amounts of income from sources other than W-2 wages, you may be required to pay quarterly estimated tax payments. We can calculate these and give you vouchers to pay each quarter. Paying estimated payments will help you avoid any unnecessary tax penalties.
- Personal financial planning
- Estate and gift planning
- Retirement planning
- Planning retirement account distributions
Business decisions without tax planning can result in unanticipated tax consequences
As your trusted tax advisor, we carefully anticipate how tax laws could impact your business. We’ll work due diligently to help you get all the tax breaks available to your business for profit maximization. We look at everything from last year’s tax return to your business entity to identify how to reduce your tax liabilities and drive more profits toward your bottom line.
Our strategies are reliable, ethical, and effective for all small businesses.
- Tax projections
- Salary schedule planning
- Business formation planning
- Multistate tax planning
- Business sales
- Succession planning
- Non-profit tax planning
Tax minimization by changing how you claim deductions for:
- Auto leases
- Auto expenses
- Promotional expenses
- Travel
- Equipment agreements
- Home office activities
- Meetings at your home
- Retirement plan contributions
- Insurance
- Shifting income among family members
