Tax Preparation

Today's tax laws are so complicated that filing a relatively simple return can be confusing. It is just too easy to overlook deductions and credits to which you are entitled. Even if you use a computer software program there's no substitute for the assistance of an experienced tax professional.

Premier Accounting & Tax Solutions specializes in all areas of tax preparation.  Whether you are an individual, sole proprietorship, corporation, partnership or LLC, we can provide the tax help you need.  We prepare and electronically file your returns for you.  We process the following returns.

Individual Income Tax Preparation – We offer full service tax preparation to individuals to assist you at tax time and throughout the year.  We help you minimize your tax liability, pay the lowest possible taxes and maximize your refund at the end of the year.  We are also available year round for tax planning and to assist you in case of an IRS audit.

Business Income Tax Preparation - We offer income tax preparation for corporations, partnerships, Limited Liability Companies and non profit organizations in the Chicago, IL area. We also offer Audit assistance and free review of prior year income tax returns.  Tax forms includes 1120, 1120S, 1065, and 990.  We will prepare your business taxes accurately and in a timely manner.

Self Employment/1099 Tax Preparation - The Self-Employment Tax is how an independent contractor pays Social Security and Medicare payroll taxes.   We will prepare a schedule C along with your 1040 tax return so that your taxes are appropriately recorded and paid to the IRS.

Gift & Estate Taxes - The gift tax is a tax on the transfer of property by one individual to another while receiving nothing, or less than full value, in return. The tax applies whether the donor intends the transfer to be a gift or not.  The Estate Tax is a tax on your right to transfer property at your death. It consists of an accounting of everything you own or have certain interests in at the date of death.  We will prepare federal and state taxes that apply to your estate. 

We will assist you in preparing your taxes in an accurate and timely manner.  We help you minimize your tax liability, pay the lowest possible taxes and maximize your refund at the end of the year.  We stand behind our work and are available year round for tax planning and to assist you in case of an IRS audit.  If you are audited by the IRS, you will receive representation at no additional cost.  We process the following returns:

Individual (1040)
Sole Proprietorships  (1040 Schedule C)
Fiduciary (1041)
C Corp (1120C)
S Corp (1120S)
Partnerships (1065)
LLC's (1040 or 1120)
Non Profit Organizations (990)
Estate Tax (706)
Gift Tax (709)
IRS Back Taxes

• Your tax return will be checked and rechecked by our computer software identifying potential problems the IRS may look at more closely and reviewing the math to limit IRS contacts.
   
• Your tax return can be filed electronically so you will get a refund back within a little as 8 days.
   
• We will show you how to adjust your payroll withholding to get more money back each week. Why give the IRS an interest free loan for up to 16 months.
   
• We will show you potential deductions to limit your tax liability for next year. In addition, we will give you a sheet of commonly overlooked deductions to limit the following year's tax liability.

Books a Mess? No Problem!
If you own a small business and haven't kept up your bookkeeping, don't worry. We can help you. We'll prepare your bookkeeping for the year, prepare a full Schedule C, 1120S, 1120C, 1065 or 990, as well as your personal income tax return. Then we'll help you set up an easy system that allows you to keep your books in tip-top shape next year.