Tax Services

Since 1998, BJS & Associates, Ltd. has provided clients with comprehensive assistance with of their tax return preparation and planning needs. Based in Hanover Park, IL, we are proud to serve the surrounding areas of Northern Illinois for partnerships, limited liability companies, S-corporations, and more. We have experience in providing tax assistance for divorce and support issues. We also provide personal tax planning and preparation services for individuals across the United States with an emphasis on Illinois returns.

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Tax Preparation

As any business owner knows all too well, today’s tax laws are a complicated world to navigate. This can often make filing the simplest of returns a confusing endeavor. Let our experienced tax professionals help you navigate the ever-complicated world of tax preparations.

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Tax Planning

In order to reduce your tax liability, it’s crucial that you invest proper time and resources into the planning of your taxes. That’s where we come in. At BJS & Associates, Ltd., we go beyond compliance and provide viable strategies that help you to effectively maximize your after-tax income.

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Estate & Trust Tax Preparation

Effective estate and gift planning ensures that the transfer of your assets secures the financial future of your beneficiaries and family and eliminates the taxes due on the transfer of your business. Let our experienced staff get your financial affairs in order.

Frequently Asked Questions

We strongly advise against. When transferring the property out of the S-Corp back to any owner(s), it is deemed a taxable sale, potentially causing a harsh tax implication.

No, there are phaseouts based on income and participation level (further explanation with a consultation appointment)

No, there are phaseouts based on income and marital status (further explanation with a consultation appointment)

$19,000.00 per donor to each donee

$0.67 per mile

To learn more about our comprehensive tax services, call us today at 630.289.8807.