Back to Tax Preparation

We talk with clients, understand their circumstances, and advise them while gathering data to prepare their tax returns.

 
Individuals  We look for all items of income and all deductions.  
We consider filing status and  exemptions.  If the client is saving for college or retirement, we explain the pros and cons of the alternatives.  If premature distributions from a retirement plan are necessary, we look for the lowest cost alternative. We want our clients to benefit from tax credits and employer pretax spending accounts, and explain the qualifications and benefits.

Businesses  Corporations, partnerships, LLC's, or sole proprietorships have somewhat different tax characteristics; with clients who are considering starting a company or that have recently started one, we discuss these differences. Then we review the business' accounting process and whether the company is compliant with payroll, sales tax, and income tax requirements.  To prepare the tax return, we may use financial statements prepared by the company or we may prepare financial statements from company source documents.

Trusts & Estates  We discuss the provisions of the trust and obtain a copy of the trust document.  Cash in-flows and out-flows and revenue and expense are identified and quantified.  Trusts must be on a calendar year; estates may choose a fiscal year and sometimes this can result in significant tax and administrative savings.

Of course, we discuss any issues important to our clients.

Our goal is for clients' income tax returns to be prepared correctly and to result in as low a tax as legally possible and for clients to have a good experience. 

Appointments fill fast, so make an appointment as soon as possible. If you are not sure what to bring, just ask.  Like an organizer? Request one.  If you don't come with everything, don't worry; we will compile a list of necessary information and you can get it to us later.

Call 708 386-7226 for an appointment.
 
 

"Tax advising is part of tax preparation." - Dan Brown, CPA

Daniel J. Brown, CPA & Associates
"Where a helping hand is extended"
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715 Lake St. Suite 269 • Oak Park, IL 60301 • Phone: 708 386-7226 • Email: info@djbrowncpa.com