Tax Preparation Individuals, LLC, S-Corp, Non Profit 5013c

A.L. Taylor & Associates

A.L. Taylor & AssociatesA.L. Taylor & AssociatesA.L. Taylor & Associates

A.L. Taylor & Associates

A.L. Taylor & AssociatesA.L. Taylor & AssociatesA.L. Taylor & Associates
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    • Home
    • Tax Prep
    • Reviews
    • FAQ
    • Contact Us
    • Blog
    • Office Use
    • Interns
    • Conference Room
    • Payment Portal
  • Home
  • Tax Prep
  • Reviews
  • FAQ
  • Contact Us
  • Blog
  • Office Use
  • Interns
  • Conference Room
  • Payment Portal

Tax Prep for chicago businesses and families

Individual Tax Prep in Chicago: Contractors, Consultants & Side Hustles

 (Tax Prep Chicago | Tax Prep South Shore | Tax Prep Hyde Park | Tax Prep South Loop)

Many individuals today wear multiple hats—working full-time while freelancing or running side hustles. If you're a contractor, consultant, or self-employed in any way, your taxes can get complicated fast.

What to know:

  • You may need to file a Schedule C for your business income.
     
  • Keep receipts, mileage logs, and 1099s organized throughout the year.
     
  • You’re responsible for self-employment tax, which includes Social Security and Medicare.
     
  • You may benefit from home office deductions, equipment depreciation, and qualified business expense write-offs.
     
  • You should plan for quarterly estimated tax payments to avoid IRS penalties.
     

We serve clients in Chicago, especially in the South Shore, Hyde Park, and South Loop communities, helping individuals understand what counts as business income and how to stay compliant while maximizing deductions.

Nonprofit Tax Prep & Compliance

 (Tax Prep Chicago | Tax Prep South Shore | Tax Prep Hyde Park | Tax Prep Chicago Suburbs)

Nonprofits face a unique challenge: staying in good standing with the IRS while maintaining transparency with donors and the public. Filing taxes correctly is essential to keeping 501(c)(3) status and avoiding penalties.

What compliance means:

  • Filing the proper version of Form 990 (EZ or Full) annually.
     
  • Accurate reporting of donor contributions, grants, and program expenses.
     
  • Keeping clean records for board governance, nonprofit purpose, and compensation.
     
  • Ensuring your nonprofit doesn’t cross into for-profit territory, like unrelated business income.
     

We support faith-based groups, youth programs, and cultural organizations with nonprofit tax prep in South Shore, Hyde Park, and the Chicago suburbs, ensuring accurate filings and long-term compliance.

LLC Tax Prep Services

 (Tax Prep Chicago | Tax Prep South Loop | Tax Prep Chicago Suburbs)

Whether you’re a single-member LLC or a multi-member partnership, we offer strategic tax prep services for LLCs. LLCs are flexible in structure but can still be confusing at tax time.

Key issues for LLCs:

  • Choosing the right tax classification (disregarded entity, partnership, or electing S-corp).
     
  • Tracking owner draws, guaranteed payments, and member distributions.
     
  • Understanding pass-through taxation and how it affects your personal tax return.
     
  • Managing estimated tax payments if profits are consistent throughout the year.
     

Our clients in the Chicago suburbs, South Loop, and Hyde Park rely on us to help them keep LLC books clean and tax-ready.

S-Corp (Subchapter S) Tax Prep

 (Tax Prep Chicago | Tax Prep Hyde Park | Tax Prep South Shore)

S-corps can provide real tax savings—but only if managed correctly. If you’ve elected Subchapter S status, your tax prep needs are different from regular LLCs or sole proprietors.

Special considerations:

  • Reasonable salary requirements for owners: You must pay yourself a W-2 wage.
     
  • Distributions vs. salary: Get it wrong and you risk IRS red flags.
     
  • Need to file Form 1120-S and provide K-1s to shareholders.
     
  • Payroll tax compliance, even if you’re the only employee.
     

We help small business owners throughout Chicago and the South Shore area handle their S-corp filings and avoid the common pitfalls of S-corp management.

Home Business Tax Prep

 

(Tax Prep South Loop | Tax Prep Chicago Suburbs)

Running a business from home offers convenience and flexibility, but also adds complexity at tax time. Whether you're selling products online, offering virtual services, or consulting from your living room, we help you capture all the available tax benefits.

Things to be aware of:

  • You may qualify for a home office deduction, but only if the space is used exclusively for business.
     
  • Track utilities, mortgage interest, repairs, and other expenses that can be partially deducted.
     
  • Home-based businesses must also track inventory, advertising, and shipping costs.
     
  • You may still owe self-employment taxes even if your business is part-time.
     

Our team works with home business owners in Hyde Park, South Shore, and the Chicago suburbs, helping them reduce taxes while staying in compliance

Church & Religious Organization Tax Prep

 (Tax Prep Chicago | Tax Prep South Shore | Tax Prep Chicago Suburbs)

Churches and religious groups operate under special IRS rules that require careful attention. While they enjoy tax-exempt status, they must still keep thorough records and avoid mixing nonprofit activities with personal or for-profit interests.

Unique tax issues for churches:

  • Churches may be automatically tax-exempt, but should still file appropriate documentation with the IRS.
     
  • Staff may be considered ministers or employees depending on their role—this affects how they are taxed.
     
  • Housing allowances, love offerings, and benevolence payments must be handled properly.
     
  • Avoiding unrelated business income is key to keeping tax-exempt status.
     

We work with churches throughout Chicago, especially in the South Shore and Hyde Park, to keep finances transparent, organized, and compliant.

Tax Prep

Tax Prep 60649 and Tax Preparation 60649 in South Shore, Chicago

A.L. Taylor & Associates provides expert tax prep 60649 and tax preparation 60649 services in South Shore (60649), serving the entire South Side of Chicago. We specialize in individual and business tax prep 60649 and tax preparation 60649 services across zip code 60649 and the surrounding areas. Our firm’s focus is to ensure clients receive maximum refunds while navigating complex tax situations with ease. Whether you need help with a straightforward return or face more complicated tax issues, A.L. Taylor & Associates is here to guide you every step of the way.

Tax Prep 60615 and Tax Preparation 60615 in Hyde Park, Chicago

A.L. Taylor & Associates proudly offers tax prep 60615 and tax preparation 60615 services to residents in Hyde Park (60615). Whether you're filing a simple tax return or need professional help with intricate tax matters, our team provides personalized, precise tax prep 60615 and tax preparation 60615 services. We ensure accuracy and timeliness with every return, all while maximizing potential refunds. Our in-depth understanding of the tax laws specific to Hyde Park ensures that every client receives the best possible outcome.

Tax Prep 60605 and Tax Preparation 60605 in South Loop, Chicago

For both individuals and businesses in the South Loop (60605), A.L. Taylor & Associates delivers comprehensive tax prep 60605 and tax preparation 60605 services. Our goal is to help clients not only maximize refunds but also guarantee compliance with all local, state, and federal tax regulations. Whether you're seeking assistance with business taxes or need personal tax filing, our team ensures that all filings are completed accurately and on time. Trust our expertise to simplify your tax filing experience while delivering professional, reliable results.

Tax Prep 60620 and Tax Preparation 60620 in Auburn Gresham, Chicago

A.L. Taylor & Associates provides reliable tax prep 60620 and tax preparation 60620 services to residents of Auburn Gresham (60620). Whether you are handling personal tax filings or managing your business taxes, we offer precise and thorough tax prep 60620 and tax preparation 60620 services tailored to your specific needs. Our expertise helps ensure that you don’t miss out on any potential tax benefits. With a commitment to delivering exceptional customer service, we handle all aspects of your tax filing process efficiently and accurately.

Tax Prep 60619 and Tax Preparation 60619 in Park Manor, Chicago

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Tax Prep 60637 and Tax Preparation 60637 in Grand Crossing, Chicago

For residents of Grand Crossing (60637), A.L. Taylor & Associates is your go-to provider for tax prep 60637 and tax preparation 60637 services. Our experienced team is dedicated to offering clear and concise guidance on all your tax needs. Whether you're dealing with personal or business taxes, our tax prep 60637 and tax preparation 60637 services are designed to ensure full compliance while maximizing your refund potential. We are here to make your tax filing process as smooth and stress-free as possible, delivering accurate, timely results every time.

Tax Prep 60409 and Tax Preparation 60409 in Calumet City, IL

A.L. Taylor & Associates proudly serves residents of Calumet City (60409) with top-tier tax prep 60409 and tax preparation 60409 services. Our firm specializes in both personal and business tax filing, ensuring that all your tax prep 60409 and tax preparation 60409 needs are met with precision. Whether you're facing a simple filing or complex tax issues, our dedicated team works hard to secure the best possible outcomes for our clients. We take the stress out of tax season by providing professional services tailored to your specific needs.

Tax Prep 60419 and Tax Preparation 60419 in Dolton, IL

In Dolton (60419), A.L. Taylor & Associates offers hassle-free tax prep 60419 and tax preparation 60419 services for individuals and businesses alike. We specialize in offering accurate, timely tax filings that ensure compliance with all local and federal regulations. Whether you're dealing with straightforward filings or navigating complex tax circumstances, our firm provides dedicated assistance to secure the maximum refund possible. Trust our knowledgeable professionals to handle your taxes efficiently and effectively, every time.

Tax Prep 60473 and Tax Preparation 60473 in South Holland, IL

A.L. Taylor & Associates proudly serves South Holland (60473) with expert tax prep 60473 and tax preparation 60473 services. We provide individuals and businesses with thorough tax prep 60473 and tax preparation 60473 services, focusing on maximizing your refund and ensuring full tax compliance. Whether you're filing a basic return or managing a more complex financial situation, our team is here to guide you through every step. We work tirelessly to deliver dependable results, so you can feel confident and secure about your taxes.

Tax Prep 60426 and Tax Preparation 60426 in Harvey, IL

Harvey residents (60426) trust A.L. Taylor & Associates for reliable and comprehensive tax prep 60426 and tax preparation 60426 services. Our firm ensures that all personal and business tax filings are handled with care, accuracy, and timeliness. We specialize in tax prep 60426 and tax preparation 60426 services that cater to the unique needs of each client, no matter how simple or complex their tax situation may be. With our commitment to maximizing your refund and minimizing your tax liability, we make sure your tax season is a breeze.

Tax Prep 60428 and Tax Preparation 60428 in Markham, IL

Located in Markham (60428), A.L. Taylor & Associates offers local residents and businesses expert tax prep 60428 and tax preparation 60428 services. Our team specializes in delivering precise and efficient tax prep 60428 and tax preparation 60428 services tailored to your unique needs. Whether you're dealing with personal taxes or business filings, we provide professional assistance to ensure every detail is managed with care and accuracy. We are committed to delivering results that exceed your expectations, providing peace of mind during tax season.

Tax Prep 60827 and Tax Preparation 60827 in Riverdale, IL

For accurate and reliable tax prep 60827 and tax preparation 60827 in Riverdale (60827), A.L. Taylor & Associates offers top-quality services designed to meet your specific tax needs. Whether you're filing personal taxes or handling more complex business filings, we ensure that your tax preparation is completed efficiently and without error. Our team takes pride in delivering exceptional service, ensuring your taxes are filed correctly and on time. Trust A.L. Taylor & Associates to


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1807 East 71st Street, Chicago, Il. 60649

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