





Services
Virtual Expert Tax Preparation Consultation/Intake
Virtual Tax Consultation and New Client Intake: Streamlining Your Tax Experience for Personal or Business Needs Discover the ease of our secure tax portal, where you can effortlessly upload your tax documents and connect with our experts in one integrated service. If you prefer a modern, tech-savvy approach to managing taxes, our virtual tax consultation is tailored for you. Meet with one of our experienced tax professionals from the comfort and safety of your own home or office. Whether you're facing a specific tax challenge or aiming to optimize your legal tax savings, we're here to assist you. By answering a brief 1-minute questionnaire with our intake coordinator, we’ll collect vital information including your filing status, dependents, and income sources. Our primary aim is to help you maximize your refund or minimize your tax obligations. The consultation fee, including new client intake, is $86.25 and is non-refundable. This is your first step towards a smooth tax preparation experience with our firm.$86.2530minVirtual Expert Tax Preparation Help/Self-Preparer
Are you preparing your own tax return using software like Intuit TurboTax from the comfort of your home, but feeling stuck? If the software indicates a significant liability and you're worried you may have made an error, it's time to consult an expert. Our knowledgeable tax preparers are just a click away for online appointments. As the first learning firm dedicated to creatives, our mission is to help you minimize tax debt within legal parameters, and we are eager to share our expertise, even if you're not a regular client. We believe that knowledge is POWER. As a community-focused accounting firm, we proudly received the first-ever Community Development Grant for the Downtown Loop Area in Chicago, aiming to enhance financial literacy during tax season. Our goal is to help you retain more of your hard-earned money to reinvest in your community. The consultation fee is only $86.25, but the insights you gain are invaluable. You may even find yourself joining our numerous satisfied clients and connecting with a vast network of financial professionals dedicated to helping you reduce your taxes and invest more in your community, family, and passions. This creates a WIN-WIN situation for everyone involved!$86.2530min
Standard Plan - Virtual
Booking Option for Clients Ready to Virtually E-file Our virtual e-filing booking option is ideal for clients who are ready to take the next step. This pricing option is designed for single individuals with no dependents, including a maximum of (2) W2/1099 documents. The package includes both state and federal tax returns, along with basic deductions. Please note, however, that a $75 surcharge will be applied for each additional W2/1099. NEW CLIENTS ONLY Please "Add-On" a Virtual Expert Tax Consultation/Intake to Booking.$287.50+1hPremium Plan - Virtual
Booking Option for Virtual E-Filing for Single, Married, Head of Household Clients This booking option is perfect for clients who are ready to virtually e-file their taxes with a professional. It includes the filing of STATE & FEDERAL Tax Returns, (3) W-2/1099 documents, and BASIC deductions, Schedules A&B, EARNED INCOME & CHILD TAX CREDITS. This pricing option is available for single, married, head of household clients, with or without dependents. Please keep in mind that there is a $75 surcharge for each additional document if you exceed the maximum of 3 documents. NEW CLIENTS ONLY Please "Add-On" a Virtual Expert Tax Consultation/Intake to Booking.$431.25+1hGold Plan - Virtual
Booking Option for Virtual E-Filing for Single/MFJ/MFS/HOH Clients This booking option is ideal for clients who are ready to e-file virtually. It includes the preparation of state and federal tax returns, up to 5 W2 + 1099 documents, BASIC deductions, ALL Schedules, and EARNED INCOME & CHILD TAX CREDITS, as well as the option for clients with or without dependents. Please keep in mind that there is a $75 surcharge for each additional document. Great for Small Business filers with a single member LLCs or sole proprietorship. NEW CLIENTS ONLY Please "Add-On" a Virtual Expert Tax Consultation/Intake to Booking.$661.25+1hLLC Business Tax Return - Single Member - Virtual
Streamline Your Tax Filing Process as a Single Member LLC or Sole Proprietor Do you belong to a single-member LLC or are you a sole proprietor? Don't worry about the hassle of filing your personal and business taxes separately. Let us help you file everything in one convenient process. Our service includes up to five tax documents, which includes 1 -Schedule C and all other applicable tax schedules. Additional tax documents can be added for only $75 each. NEW CLIENTS ONLY Please "Add-On" a Virtual Expert Tax Consultation/Intake to Booking.$661.251hLLC Business Tax Return - Multi Member - Virtual
Tax Preparation Services for LLCs with 2-4 Members Our tax preparation service is designed specifically for LLCs featuring up to four members. You will receive up to four K-1s for your business. The deadline for this type of business return falls on or around March 15th. Expedited filing services are available for an additional fee after February 28th. If you decide to retain our services within 15 days before the tax deadline, we may suggest filing an extension if your return is complex or if we encounter any issues during preparation (e.g., delays in document retrieval or discrepancies in your submitted information). We take pride in practicing professional due diligence. If you require our services after February 28th, please expect an expedited rush fee to meet deadlines. Additional terms and conditions may apply. NEW CLIENTS ONLY Please "Add-On" a Virtual Expert Tax Consultation/Intake to Booking.$891.25+1hS-Corp or C-Corp Complex Return - Virtual
Tax Preparation Services Tailored to S-Corps or C-Corps Our tax preparation service is designed with S and C Corps in mind and caters to businesses with up to five members. Your business will receive up to five K-1s. Additional K-1s cost $250 each. The deadline for filing this business return is around March 15th. Expedited filing services are available at an extra charge after February 28th. If you decide to retain our services within 15 days before the tax deadline, we may suggest filing an extension for time to file if your return is complex or if we encounter any issues during preparation, such as delays in document retrieval or discrepancies in your submitted information. We practice professional due diligence in all our work. For services requested after February 28th, please anticipate an expedited rush fee to meet deadlines. Additional terms and conditions may apply.$1,322.50+1hPartnerships (Virtual)
Exclusive Tax Preparation Services for Limited Liability Partnerships Our tax preparation service is tailored to meet the needs of limited liability partnerships with two members or more. You will receive up to two K-1s with your business return. Should you require additional partner K-1s, there will be an additional charge of $86.25 per K-1. The deadline for filing your business return is typically around March 15th, and we offer expedited filing services at an additional cost from February 28th onwards. If you choose to retain our services within 15 days before the tax deadline, we may suggest filing an extension should we encounter any issues during the preparation process. This is particularly useful if your return is complex, or if there are any delays in document retrieval or discrepancies in your submitted information. We take pride in our professional due diligence and attention to detail. For requests made after February 28th, please be aware that an expedited rush fee may apply to meet deadlines. Additional terms and conditions may also be applicable. NEW CLIENTS ONLY Please "Add-On" a Virtual Expert Tax Consultation/Intake to Booking.$891.251hAmended Return/Review (Virtual)
Review and Amendment Service for Previously Filed Tax Returns Our service specializes in reviewing and amending previously filed tax returns that were not prepared by our office. The price for this service is determined by the applicable return preparation type, plus an additional 50% to cover the cost of our time to review the return. Please note that the price varies depending on the complexity of the return, and payment must be made upfront before we begin the review process. It's important to keep in mind that amended returns may incur additional fees, as they may have to be paper-filed instead of e-filed. Our amended returns process involves a two-preparer solution, with our in-house senior tax expert followed by our contracted external registered agent. Please also be aware that this is a lengthy process that may include validating your numbers with our bookkeeping cleanup services at an additional cost. If you require an amended return after the tax filing deadline, or if documents we've requested are not received before September 1, we may not be able to amend your return before the October filing deadline, which could delay the process until the following tax year.$431.251hRush Fee (April & October)
As a comprehensive accounting firm, we apply a rush fee for clients who enlist our services on or after April 1 and on or October 1 to ensure timely tax filings by April 15 and October 15. Our dedicated team commits additional hours to maintain professional due diligence as these deadlines approach. While we aim to accommodate all clients, you might consider our year-round bookkeeping services or the 360 Consulting Program to avoid rush fees. These options not only prepare you for tax season in advance but also provide access to a wide range of business services throughout the year. If you're running out of time, you can request a filing extension at the same cost; however, keep in mind that this does not extend the deadline for tax liabilities. Our rush fees vary from $150 to $250, depending on the complexity of your return, and they enable us to compensate our preparers for overtime and weekend work during tax season to meet crucial filing deadlines and help clients avoid additional interest and penalties imposed by the IRS.$150.00+30minBeneficial Ownership Report (Virtual)
What is the Beneficial Ownership Report? A beneficial ownership report is a legal requirement that provides identifying information about the individuals who own or control a business to the Financial Crimes Enforcement Network (FinCEN), in accordance with the Corporate Transparency Act. What are the penalties for not filing? Non-compliance can result in criminal penalties, including imprisonment for up to two years and/or fines of up to $10,000, alongside a civil penalty of $500 per day. When is the Beneficial Ownership Report due? Typically, business entities established before January 1, 2024, must file by December 31, 2024. For entities formed on or after January 1, 2024, they have 90 days from formation to file. Additionally, business entities that amend their formation documents on or after January 1, 2024, must submit a new report within 30 days. We can assist you in determining your filing date and keeping you updated with notifications as your deadline approaches. Given the affirmations and attestations required during the filing process, we provide a service where you will be paired with a Beneficial Ownership Report expert. Together, you will navigate the self-filing of the report in real-time, with the expert sharing their screen to address any questions and ensure the accurate completion of your required filing.$150.001h
Additional Document Fee
This an additional fee charged over the minimum documents for your selected tax preparation service. (I.E. W2's 1099 etc.)$75.0020minIRS Enrolled Agent Preparation Surcharge
This additional charge is part of our pricing structure for customers who require our assistance in correcting or reviewing a previously filed tax return that contains significant errors, whether due to self-preparation or an external preparer. It is distinct from review and amendment fees and is mandatory for any amendment services we offer. The fee applies to each tax year that we amend. Your revised return will undergo a thorough review and correction by our IRS-registered Enrolled Agent, whose PTIN and information will be included on the amended return, granting them the authority to represent you with the IRS if any issues arise, though this will incur an additional representation fee. We reserve the exclusive right to determine when your return filing should be prepared by our in-house enrolled IRS agent; this decision is final, and the fee will automatically be applied to your service.$287.5030minAdditional State Tax Filing
Tax Preparation Fees Include 1 State Tax Filing. Additional State Filings are $172.50 each.$172.5030minQuickbooks Free Trial and Expert Guided Setup
This is an add on service exclusive to our Business Startup Package. (Virtual)$295.552h
Tax Debt Resolution Consultation (Virtual)
Do you have outstanding back taxes? Have you received a notice indicating that you owe over $7,000 for previous tax years? Are you accumulating unfiled tax years, which are adding to your stress? Did you recently get a letter from the Internal Revenue Service (IRS) threatening to seize your assets? We are here to help. Schedule a consultation with one of our tax experts for a tax debt relief assessment. Our in-house Certified Public Accountants (CPAs) and IRS Enrolled Agents are ready to explore options for reducing your tax burden. Let us assist you in resolving these issues with the IRS, freeing you from the anxiety of a situation that may feel overwhelming. During this paid consultation and subsequent investigation, our expert team will examine your IRS account to see how we can advocate for you regarding this past tax debt. Our services may include reducing your liability, negotiating a lower settlement, arranging a payment plan to protect your assets, or even waiving the liability entirely. Please note that this initial fee does not cover our ongoing tax relief engagement and services. If we determine that we can assist you after our investigation, you will receive a detailed quote for resolving your tax debt issues along with further steps on how to engage us for tax relief services. Notice CP40 Publication 4518 Notice CP504 Notice LT11D$339.251h 5minIRS Letter Explanation
Have you recently received a letter from the Internal Revenue Service and need a straightforward explanation of its content, along with potential options and responses? Our experts are here to help simplify the letter for you and provide solutions for addressing the issue. As a dedicated learning firm, our mission is to assist clients in navigating the tax code and effectively engaging with the IRS as valued taxpayers. Consider us an on-demand service ready to answer any tax-related questions you may have, alleviating your concerns about the unknown.$86.2530min
State and Local Tax Debt /Audit Consultation
Assistance for Outstanding Back Taxes and Audits Do you have outstanding back taxes owed to your state or local government? Have you received an audit notice from your state taxing authority concerning personal or business revenue, income, or sales tax? Are these notices warning of penalties if you do not respond or cooperate with the audit? We are here to assist you. Schedule Your Consultation Arrange a consultation with one of our tax experts for a state tax debt relief assessment or an initial audit evaluation. Our skilled internal auditor, along with our in-house Certified Public Accountants (CPAs) and IRS Enrolled Agents, is prepared to explore options for alleviating your tax burden. We aim to dispel the myth that audits are overwhelming and intimidating. Let us help you address your concerns with the state and local tax authority, relieving you from the stress of what may feel like an insurmountable situation. Together, we can resolve issues within your personal and business tax filings that have led to audit flags. Our Process During this paid consultation and subsequent evaluation, our expert team will review your local and/or state tax notice and pose a series of questions to uncover the underlying issues. We will then create a comprehensive plan to help you resolve the matter with your local or state taxing authority while also educating you on best business practices. Our detailed consultation will clarify how we can advocate for you regarding past tax debts or upcoming audits. Our services may encompass: Financial restructuring of your business back-office accounting reporting Reducing your liability Negotiating a lower settlement Arranging a payment plan to safeguard your assets Potentially waiving the liability entirely Please note that this initial fee does not cover ongoing state or local tax relief/audit engagement and services. If we determine that we can assist you after our investigation and consultation, you will receive a detailed quote for our full range of services, providing you with the peace of mind you deserve.$339.501h
360 Consulting Consultation (Virtual)
Introducing a Comprehensive Business Consulting Service for Business Owners Our flagship location offers a one-stop-shop solution for busy business owners. We provide a 360-consulting service that puts all the necessary services for business owners under one roof, making managing your business and focusing on growth easier. Our services include taxes, bookkeeping, Christian business consulting, automated payroll referral, networking, coaching, website design, relationship banking, marketing, branding, human resource support, and much more. Whether you're looking to scale your business, increase revenue, or need help with grant writing, proposals, and executive summaries, we have got you covered. Our 360 Consulting program is designed to give you peace of mind as a business owner. It includes bookkeeping clean-up for past fiscal calendar years, and we ensure that everything is in order. Our ultimate goal is to help you scale to $2M or more in annual revenue. Please note that after the paid consultation, there is an upfront deposit of $6000 and services are billed/invoiced at cost or $200/hr. Additional terms and conditions apply. Consulting invoices issued or paid after September 15 may incur additional late or expedited fees at the end of the year.$230.001hBookkeeping (Virtual)
Streamlined Bookkeeping Solutions for Small Businesses Are you a small business owner or gig worker who has never had the chance to create a Profit/Loss Statement or Balance Sheet, leading to hefty tax bills at year-end? Or do you find yourself overwhelmed by bookkeeping software like QuickBooks? If accessing capital feels challenging or you're unsure where to start, our team is ready to assist you. Our bookkeeping and cleanup services will manage your financial needs, allowing you to concentrate on expanding your business. We offer cost-effective external accounting services with pricing between $172.50 and $242+ per month through an annual or monthly subscription, plus a FREE 30-day trial of our bookkeeping software partner. Please note, our bookkeeping service is priced at $2,070 per year for an annual subscription and $2,580 for a monthly subscription, while cleanup services begin at $2,645, with a mandatory $575 account setup/onboarding fee. This fee includes our comprehensive onboarding financial bookkeeping literacy program certification. If you seek our services after the current tax year’s deadline, you will officially enter our bookkeeping cleanup period after April 15, incurring an additional charge of $500+ for expedited/extension services, with a fee of $250 added every 15 days after September 1. Keep in mind that a QuickBooks subscription is an additional cost and is the responsibility of the business. Allow us to be your reliable external accounting department and ease the burden of bookkeeping and tax preparation. Reach out to us today for more information!$2,070.0030minBookkeeping Clean-Up (Virtual) Enroll 4/16-11/15
Streamlined Bookkeeping Solutions for Small Businesses Are you a small business owner or gig worker who has never had the chance to create a Profit/Loss Statement or Balance Sheet, leading to hefty tax bills at year-end? Or do you find yourself overwhelmed by bookkeeping software like QuickBooks? If accessing capital feels challenging or you're unsure where to start, our team is ready to assist you. Our bookkeeping and cleanup services will manage your financial needs, allowing you to concentrate on expanding your business. We offer cost-effective external accounting services with pricing between $172.50 and $242+ per month through an annual or monthly subscription, plus a FREE 30-day trial of our bookkeeping software partner. Please note, our bookkeeping service is priced at $2,070 per year for an annual subscription with a mandatory $575 account setup/onboarding fee. This fee includes our comprehensive onboarding financial bookkeeping literacy program certification. If you seek our services after the current tax year’s deadline, you will officially enter our bookkeeping cleanup period after April 15, incurring an additional charge of $500+ for expedited/extension services, with a flat fee of $1000 added after September 12th. Keep in mind that a QuickBooks subscription is an additional cost and is the responsibility of the business. Allow us to be your reliable external accounting department and ease the burden of bookkeeping and tax preparation. Reach out to us today for more information! (Please Note: For each additional year of cleanup Please add $1000 i.e. 20xx, 20xx, 20xx making 3 fiscal years of books to clean the additional charge would be $2000)$3,645.00+30minBusiness Starter Consultation
Want to speak with our in-house small business expert about launching and starting your own business. Learn more about our 12 step program to entrepreneurial success and join the winning team!$86.2530minBusiness Starter Package
Have you ever envisioned launching your own business but felt unsure of how to begin? Our business starter package is designed to support you for a full year, guiding you to transform that side hustle or part-time endeavor into a legitimate enterprise. Establish a strong foundation for your dreams to grow, scale, and create generational wealth for the future. With our comprehensive 12-step business starter package, you'll be on the right path. Schedule a half-hour consultation to discover more about our proven program and kickstart your entrepreneurial journey with a brand that believes in uplifting you as we progress together.$3,450.0030minBusiness Expense Worksheet
Efficient Bookkeeping Cleanup Services for Tax Preparation If you didn't retain our services for bookkeeping during the last fiscal year and are now getting ready to file your taxes, there's no need to worry. We have a solution to help you organize your financials for your tax preparer. Our Excel Spreadsheet is a fantastic tool for sorting your revenue and expenses specifically for tax purposes. It offers a budget-friendly option for clients who haven’t engaged us for bookkeeping services. Access to the spreadsheet is available for three weeks, and it must be completed within this period to be included in your file for your designated tax preparer. If you'd rather have professional bookkeepers handle your revenue and expenses to optimize your tax savings and ensure you’re utilizing all your legal write-offs, please check out our 180 Degree Tracking Program or our Bookkeeping and Cleanup Service. No matter which route you choose, we are here to assist you! Please remember that this service does not replace our 180 Degree Tracking Program, where we audit your financial statements to ensure we are legally maximizing your write-offs to lower your tax liability.$172.50+30min
Expert Tax Audit Advocacy
Are you a General Merchandise seller who has been flagged for a state audit by the State of Illinois regarding ST-1 Tax, or by your respective state for two or more fiscal years, or even facing a Federal Audit? If you feel uncertain about navigating the audit process alone, we’re here to help. Our in-house Lead Audit Manager can accompany you through the audit by filing a Power of Attorney (POA) to safeguard your interests. We’ll assist you in gathering and reviewing necessary documentation before it’s submitted to the state, acting as your advocate and voice throughout the entire process, and all at a fraction of the cost. Our goal is to demystify audits and reduce your anxiety about the unknown. You’ll gain insights into essential internal controls to close any gaps in your business, minimizing the risk of future audits while enhancing your overall compliance. This exclusive service is available at an extraordinary discounted rate for new bookkeeping clients who join our 180 Degree Tracking Program after being flagged for an audit. We aim to help you achieve compliance, grow, and scale your business while decreasing your tax liabilities. Please note that this service does not cover the disputing of adverse findings from the audit that may go before a tribunal. That would require a separate engagement letter, which enlists all three of our audit experts: our Lead Audit Manager, our in-house CPA, and a registered enrolled agent to represent you before the governing body.$3,000.001hExpert Tax Audit Defense
This service is exclusively available to our 180 Degree Tracking Bookkeeping clients who have utilized our Expert Audit Advocacy services and have reached the defense stage of their audit. When the state or federal government presents their findings, outlining adversarial opinions and a liability of $30,000 or more, our in-house Lead Audit Manager has assessed your situation and believes you have a viable defense. We recommend advancing to the defense stage and enlisting our core team to help protect your rights against the government and reduce your liability. To proceed, we will engage our Lead Audit Manager, our In-House CPA, and our Enrolled Agent. The engagement starts with a service fee of $12,000, requiring a 50% deposit upfront to initiate the process and draft an engagement letter. This initial fee includes our Lead Audit Manager preparing counter numbers to present to the state before the audit concludes. It also covers any follow-up requests to waive future penalties and interest, as well as efforts to have the state forgive prior balances uncovered during the advocacy phase, which may have resulted from errors. If the state or federal government contests our figures and the case progresses to the next defense phase, our services will be billed at $200 per hour for our Lead Audit Manager and $400 per hour for our CPA/Enrolled Agent, who will represent you before a hearing board to further defend the taxpayer's interests. If the matter does not escalate, the flat fee of $12,000 will encompass all defense costs, eliminating the need for hourly billing for hearing time or preparation by our expert.$12,000.001h
City of Chicago Ground Transportation Tax
This is a monthly review of your ground transportation business operating in the City of Chicago. We will provide training on how to input your hours into a monthly timekeeping application. Each month, we will conduct an audit of the days you offered livery service within the city limits and compile a report on your annual City of Chicago Transportation return. Each year, individuals operating a livery service within the City of Chicago are mandated to submit an annual transportation tax return. This return is due on August 15 for the fiscal year spanning from July 1 to June 30. We will ensure that this report is filed punctually with the City of Chicago, inform you of any taxes owed, and obtain the necessary authorization for any payments due from your account.$1,250.0030min
Property Tax Appeal
If you have received a recent property assessment resulting in increased property taxes, we can help you appeal to reduce your payments. This service is time sensitive. For more information, please contact our office at 312-224-7070.$250.00+30min
Annual 990 (Virtual)
Helping Your Organization Stay on Track: Let Our Firm Assist You with Your Annual 990 Filing Filing the annual 990 report is crucial for maintaining your non-profit status. Don't risk losing it by neglecting to file. Our team is dedicated to providing solutions for organizations that are making a positive impact in our community. Let's work together and make a difference in the world.$672.751h 30minTax Exemption Reinstatement & Overview (Virtual)
Regain Your 501(c)(3) Eligibility with Our Assistance If you are a recognized 501(c)(3) organization that has lost its eligibility with the Internal Revenue Service, our team can help you get back on track. For a reasonable fee, we will assist you in re-establishing your status so that you can continue to make a positive impact in your community. Don't hesitate, contact us today to learn more about our services.$977.501h 30min
Venue Health and Safety Rules
Disinfection of all surfaces in the workplace
Maintain social distancing
Time gap between appointments
Notification of Additional Charges for Expedited Tax Preparation Services: Please note that any requests for tax preparation services or bookkeeping cleanup after May 15th/September 15th will result in extra charges. The service fee will start at $250, with an additional $250 charge every 15 days until the retention date. It is essential to understand that this fee applies only to clients who fail to submit the necessary documents by our wrap-up date of open files. However, we offer a 15-day grace period to our existing clients, and the excise charge becomes effective starting on April 1st/October 1st. Alternatively, clients can file a request with us for an extension to the filing deadline. All payments are non-refundable. For a complete list of our terms and conditions and privacy policy please visit our website www.dowtownlooptaxes.com and click or "FAQ's".
Amenities
- Parking space
- Credit cards accepted
- Accessible for people with disabilities
- Child-friendly
- Pets allowed
- Wi-Fi
- Loyalty Program
Reviews
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Thanks so much for the kind words! It's an honor and privilege to be on this journey with you and be a part of HER-story! Welcome to the fam!
We are so excited to be on this journey with you! We are looking forward to your long-term success in the Beauty Industry with solid financials!
We are so excited to be on this journey with you!! Let's go!! We got some 5yr goals to crush!! Let's ACTIVATE!!!
Awwww thanks for your kind words! Let's Go! We got some 5 yr goals to crush!!
Yay! Thank you for your kind words. Welcome to the Jumping Jack Tax Downtown Loop Family! It's a blessing and an honor to be on this journey with you. - Stephanie and the JJTDTL Team

