Desk Accounting’s Tax solutions are designed to transform tax complexity into clarity. rity. Your easiest tax season starts here!
Desk Accounting’s Tax solutions are designed to transform tax complexity into clarity. Your easiest tax season starts here!
Getting your taxes done no longer requires you to physically visit the office
Taking control of your tax filing is easy with Desk Accounting - choose from online filing, drop-off service, or an in-person tax assistance.
Online Filling
Short on time? Quickly and easily upload your documents using any device to our TaxesToGo App and effortlessly connect with a tax professional, all without leaving your home!"
In Person Tax Filling
Schedule a visit to our office and have a one-on-one session with a tax expert dedicated to prepare and optimize your return.
Drop Off Service
Simply drop your documents at our office and then review, approve, and sign your completed return effortlessly using our TaxesToGo App.
How Desk Accounting's Tax Services Chicago can Simplify Your Tax Journey
Many individuals and small business owners get headaches when they hear the word taxes or tax season since the complexities of taxes can be daunting. Navigating the complex tax landscape, involving tax forms, federal and state tax returns, tax liability, tax laws, and many more, can be overwhelming. Therefore, finding tax professionals to take this burden from your shoulders is crucial. Precisely, the stress associated with managing taxes shouldn’t be underestimated. By entrusting your financial affairs to Desk Accounting’s tax services Chicago, you can have peace of mind knowing that professionals handle your tax obligations.Â
Many taxpayers view tax filing as a seasonal process, only thinking about it in April or March when the deadline approaches for individuals and businesses; however, it’s a year-round process that requires tax professionals. The first thing to remember is that tax preparation involves meticulous planning. Waiting until the last moment can result in costly penalties and even open the door to an IRS audit. When searching for tax services Chicago, it’s important to find professionals who can make tax season less daunting and more manageable for taxpayers. Thus, our team of experts is familiar with IRS tax form requirements and can help identify deductions you might not be aware of.
Individual Tax Returns
Single Filer Tax Return
Single Filer without Children, a Home, Investments, Business Income, or a Home
Tax Return for College Students under 21
Single Filer without Children, a Home, Investments, Business Income, or a Home
Homeowner Tax Return
Does not include the cost for,Investment Tax Documents, Rental Properties, Uber or Lyft Drivers, 1099 Income etc.
Married Couple without Children Tax Return
Does not include the cost for,Investment Tax Documents, Rental Properties, Uber or Lyft Drivers, 1099 Income etc.
Tax Filer with Children under 17 Tax Return
Does not include the cost for, Investment Tax Documents, Rental Properties, Uber or Lyft Drivers, 1099 Income etc.
Married Filling Jointly or Married Filling Separately Tax Return
Does not include the cost for, Investment Tax Documents, Rental Properties, Uber/ Lyft Drivers, 1099 Income etc.
Head of the Household Tax Return
Does not include the cost for, Investment Tax Documents, Rental Properties, Uber or Lyft Drivers, 1099 Income etc.
Landlord Tax Return, 1 Rental Property
Filer with Children, Home, and Rental Property Additional Rental Properties are billed at $65 each.
Tax Filler with Single Person LLC
Filer with Children, Home, and SMLLC Additional Income 1099S are processed at additional cost.
Schedules and Forms
The pricing listed here is a guide and not a guarantee. We can only provide you with the exact price after reviewing your tax documents.
The exact price will be given to you before the work is completed.
American Opportunity Credit/Lifetime Learning Educational Credit
are claimed on Form 8863, If you don’t have the form 1098-T, but do qualify for either of them.
Business Tax Returns
Single- Member LLC-1040 or 1040-SR
Form 1040 or Form 1040-SR Schedule C, Profit or Loss from Business (Sole Proprietorship)
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*The pricing includes two hours of bookkeeping.
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Form 1040 or Form 1040-SR Schedule E, Supplemental Income or Loss
Form 1040 or Form 1040-SR Schedule F, Profit or Loss from Farming
Partnership, Form 1065
Preparing and filling form 1065 for partnerships or 2 Member-LLC. K-1 Form issuance for your personal tax return.
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*The pricing includes two hours of bookkeeping.
S-Corp, Form 1120S
Preparing and filling form 1120S for businesses. K-1 Form issuance for your personal tax return.
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*The pricing includes two hours of bookkeeping.
C-Corp, Form 1120
Preparing and filling form 1120 for businesses.
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*The pricing includes two hours of bookkeeping.
You did not find what you were looking for?
That is fine, nothing to worry about. Our team is here to help you create a plan according to your needs.
Which tax form suits your needs?
Individuals
Form 1040: Most taxpayers typically utilize Form 1040 as their main tax form. This all-encompassing form can accommodate various types of income, including wages and interest, and also permits itemized deductions. If you qualify for credits like the Earned Income Tax Credit or Child Tax Credit, Form 1040 is the optimal choice for you.
Business Owners
Schedule C (Part of Form 1040): If you are a sole proprietor or own a single-member LLC, you should report your business income and expenses on Schedule C. This form will then be attached to your personal income tax return (Form 1040). Form 1120: If your business is a C Corporation, you would use this form to file your tax return. Form 1120S: If your business has chosen to operate as an S Corporation, you would need to utilize this particular form. Form 1065: This is for partnerships or LLCs with multiple members who have not chosen to be treated as a corporation.
As a business owner, it’s important to keep in mind that you are also an individual taxpayer. Desk Accounting’s tax services Chicago advise that you may need to file a personal income tax return using Form 1040 alongside your business tax forms. Depending on your unique circumstances, such as running a non-profit, you may require specialized forms like Form 990. Due to the intricacies involved in tax filing, it’s wise to seek the assistance of a tax professional who can help you determine which forms to use and how to fill them out accurately. The choice of form can have a significant impact on your tax return and potential refund.
Self-preparation Software Solutions: Should you use them?
With technological advancement, even tax preparation has become something taxpayers can do by themselves. While TurboTax and TaxAct are popular tax prep software solutions, they can’t replace the personalized touch and expertise that Desk Accounting’s tax services Chicago offer. Although the whole process seems easy and convenient, entering a few numbers in the software and answering a few questions could be a hundred or even a thousand dollars mistake. Further, online tax preparation tools might be convenient but can also be limiting. For instance, professional tax preparation services are invaluable if you have more complicated financial situations like rental property, business income, or investment income.They can advise on itemized deductions, capital gains, and other nuances software may overlook. If you have any tax issues, you may need more than guidance from online platforms to solve your specific problem effectively.Â
Most importantly, while software may be good at identifying standard deductions, it can miss out on lesser-known tax credits and deductions that the skilled tax professionals from Desk Accounting’s tax services Chicago can help you take advantage of, potentially saving you a significant amount in the long run.
Can tax planning save you money?
Tax planning provides an excellent opportunity to minimize tax liability and save money. Being proactive with taxes means understanding your finances, income streams, and deductions well in advance of tax season. This allows you to make informed decisions that can reduce your taxable income, take advantage of tax credits, and utilize various tax-advantaged accounts. For example, making pre-tax contributions to a retirement account or carefully timing the sale of an investment can result in significant tax savings.
Therefore, when considering tax services Chicago, you need to find an accounting firm like Desk Accounting that can guide you on estimated tax payments, tax deductions, and strategies to optimize your tax liability. Whether you’re a small business owner, freelancer, or have other forms of self-employment income, they can be very beneficial. They can also help with more complicated tax issues, such as trusts, depreciation, and the tax implications of capital gains or losses. Thus, an accountant can guide you through the complex world of tax services Chicago, ensuring that you comply with local, state, and federal tax laws while maximizing your savings. In a city with a strong connection between business, finance, and identity, it’s crucial to have a tax strategy that aligns with short-term needs and long-term goals.
Get in touch
Do you have any additional questions? Please get in touch with us by email or phone. We are always ready to assist you. Our team is committed to promptly and thoroughly address all your inquiries.