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 […]

How to certify for IDES PUA benefits

Watch this short video to find out where to go and how to certify for Illinois Unemployement “IDES” Pandamic Unemployment Assistance “PUA” benefits. Make sure to certify every week.

Work With Us During Coronavirus Lockdown On LOCKDOWN? Can’t leave your house?  We are open and ready to help you. You can conveniently and securely work with us. We use bank-level 256-bit encryption for our client portal and we will deliver your hard copy of tax return and other documents to your home or business. Schedule Your Appointment Today We […]