Advance Payments Child Tax Credit

Did you receive a child tax credit notice in the mail and wondering whether to receive the payments now or opt-out? Delaying your Child Tax Credit now instead of receiving monthly payments throughout 2021-2022, means you can receive a larger lump sum after the IRS processes your 2021 tax return.You should receive monthly installments of […]

Business Appointment

Items to bring to your Business appointment Copy of prior year’s corporate or partnership tax return (if applicable) Articles of Incorporation / LLC Articles of Organization EIN letter (if you have it, or at least the EIN number) Partnership/LLC Operating Agreement / Corporate Bylaws (stating % ownership, profits, etc.) S-Corporation Election Form 2553 (if applicable) […]

Tax Organizer – Personal Income Taxes

Please complete the Tax Organizer so we can prepare your personal income tax return accurately. Please bring, mail, e-mail, or upload all documents together. Click the PDF icon to download.

Important Dates to Remember

S-Corporations S-Corporation (1120S) and Partnership (1065) Income Tax filing due date is March 15th.  To file by the due date, please send us your financial statements (Profit & Loss, etc.) no later than February 22nd.   Extensions – We are happy to file an extension on your behalf. However, there is no extension to for the […]

We have moved our office!

We are no longer by River’s Casino. Our new office is now located on Dempster Street, just east of I-294, next to Lurvey Garden Center.   Here is our new address for your records:Caputa and Associates, Ltd.2454 E Dempster St #150Des Plaines, IL 60016 Click here to link to Google Maps

Sending Out 1099 forms To Contractors

Have you paid anyone who is not your employee in 2020? If so, you may be required to send them a 1099 form and file the information with the IRS. When is a 1099 required? In general, you need to provide and file a 1099 if you paid a contractor $600 more in the course […]

Starting a small business, but not sure where to begin?

The Small Business Handbook for Success will help you organize yourbusiness through sound, professional advice about minimizing risks, savingmoney, and making choices that offer the best legal protection for yourstart-up. From choosing the right entity, to classifying workers, tobookkeeping basics, to tax requirements, and more, laying the foundationproperly today will save you time and money tomorrow. Perhaps one of […]

Five Reasons To Work With Us

We are Caputa and Associates and here are the top five reasons to work with us! 1) We care! We care about people that’s why we help people with their numbers. It’s why we went to school for all of those years, to learn how to use numbers and skills to help others. 2) We […]