Income Tax Preparation

Tax Filing Checklist

  • Wages, Tips, Sub-Pay, Sick Pay: (Forms W-2)
  • Business Income & Expenses
  • Child Care - Baby Sitting: Name Address & Federal lD # of Provider AND Amt. Pd.
  • Dividends Received: (Form 1099 DIV)
  • Estates Trusts Partnerships S Corporations: (Schedule K-1 Form 1041  1065  1120S)
  • Gambling Winnings & Lottery Winnings: (Form W-2G)
  • Health Insurance Coverage (Form(s) 1095-A, 1095-B, 1095-C) *Medicare Card Insurance Card(s) or Exemption Certificates lncome information for all household Dependents
  • Interest income (Form 1099 INT)
  • IRA Contributions: (Form 5498)
  • Mortgage lnterest & Taxes Paid: (Form 1098)
  • Pensions, Annuities, IRA Distributions: (Form 1099R)
  • Prizes & Awards: (Form 1099 MISG)
  • Rental Income Received & Expense Paid on rental Property
  • Roth lRA Contributions: (Form 5498)
  • Sales of Stock or Property: (Form 1099 B or 1099 S) *Please Bring Closing Statements for Both Purchase & Sale
  • Social Security Payments: (Form 1099SSA)
  • State Tax Refund: (Form 1099 G)
  • Student Loan Interest: (Form 1098 E)
  • Tuition & Fees Paid: (Form 1098 T)
  • Unemployment Compensation: (Form 1099 G)
  • Are you listed as a signer or (co)owner on account(S) in another country?
  • Do you transfer fund out of the US during the current or preceding year?
  • Do you own or manage assets in other countries?

Please bring all forms which show payments received.

If you are new clients please bring:

Prior tax returns Photo Identifications & Social Security Cards for Dependents

You can at times rely on free income tax preparation services or take advantage of tax preparation software features, but there are times when professional assistance is necessary to ensure that your income has been correctly reported and your tax obligations are well understood. Checks and Balances is a leader in income tax preparation in Chicago, IL for both individuals and businesses.

We are open for business not only in the few weeks preceding the deadline when most taxes are due...We are here to assist you at any time the year round. If you come to us for individual tax preparation, we will see to it that the most accurate return has been submitted and that you will receive the maximum possible refund.

We also provide the services of a tax planner that will help you to accurately reduce the taxable income which, in turn, will reduce your tax liability.  We assist in small business tax preparation, and we assist our clients and customers in dealing with any correspondence they receive from IRS or state agencies, including letters of inquiry about your return.

There is rarely any need to wait until the last minute to file your taxes. Last minute tax returns tend to be error prone and as such can sometimes prove to be expensive. If you owe on your taxes and are unable to pay the full amount due, we can assist you. We can in fact help you with your tax preparation activities throughout the course of the entire year. There is no need for you to struggle with the tax code and seemingly ambiguous instructions.

We will expertly help you file your tax return, make tax recommendations for your best interest, and give you the peace of mind to focus your time on your business and the people you care about.




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