Tax Services

Income Tax Preparation

Individuals:

Calvert Tax & Bookkeeping has been assisting taxpayers with income tax filing since 1970. We are focused on servicing a wide variety of the socio and economic diversity that makes up the tri-county area and beyond: individuals, sole proprietors and farmers. Preparing and electronically filing over 2000 individual tax returns each tax season. We also have the ability to prepare any state return.

Tax Return Preparation, Bookkeeping, and Payroll — Kewanee, IL — Calvert Tax & Bookkeeping

Corporations:

Small businesses that take the next step and incorporate their business for liability protection and tax advantages. Tax preparation for both C and S corporations involve a higher degree of complexity than the individual tax returns.

Partnerships:

When two or more individuals or entities join together to operate one business and share in its profits. Tax planning is vital to the success of partnerships as each partner is taxed at his or her own individual tax rate.

Calvert Office — Kewanee, IL — Calvert Tax & Bookkeeping

Estates & Trusts:

These types of entities are established upon the death of an individual or to protect and hold assets. Estates and trusts file a separate income tax return and pass that income on to the beneficiaries to pay tax at individual tax rates.

Non-profits:

An organization dedicated to promoting a particular social cause or advocating a shared point of view. They usually operate for a charitable purpose in a religious, scientific, social or educational setting. Even though they generally don’t pay tax, they are required to file informational returns with the Internal Revenue Service.

Senior Citizens:

Individuals over age 65 may qualify for the county Senior Citizens Assessment Freeze (PTAX-340). We can prepare the form and provide copies of the proof of income required by the county.