At Wood Tax Advisors, we help our tax clients with efficient compliance and effective planning to realize substantial savings. We use a team approach and communicate promptly to deliver excellent service. Tax partner and specialist involvement ensures our clients receive the most experienced technical expertise we offer.
We offer the following affordable tax services:
Federal, State Tax Services
Individual Tax Services | W2 – 1040 – 1099
When it comes to individual taxes, change creates opportunity. Tax laws, deductions, credits, and thresholds shift from year to year, and so do our clients’ lives. At Wood Tax Advisors, we stay on top of these changes so we can give you clear advice and practical strategies, not just a completed return. You can count on us for objective guidance, personal attention, and a focus on your long-term financial goals.
Individual Tax Return Preparation
We prepare federal and state individual income tax returns accurately and on time, including Illinois returns and multi-state filings for clients who live, work, or own property in more than one state. Every return is reviewed carefully to make sure you claim every deduction and credit you’re entitled to, and nothing more. Our preparation services include:
- Federal Form 1040 and supporting schedules
- Illinois and other state individual income tax returns
- Multi-state and part-year resident returns
- Self-employment, freelance, and gig income (Schedule C)
- Rental property income and expenses (Schedule E)
- Investment income, capital gains, and cryptocurrency transactions
- Retirement distributions, rollovers, and Social Security income
- Amended returns and prior-year returns for unfiled years
Self-Employed Individuals
If you own a business or earn self-employment income, your personal and business taxes are closely connected. We help sole proprietors, partners, and S corporation shareholders coordinate both sides, including choice of entity, reasonable compensation, the qualified business income deduction, home office and vehicle deductions, and retirement plans for the self-employed.
IRS and State Notices
Receiving a letter from the IRS or the Illinois Department of Revenue can be stressful. We review the notice, explain what it means, and respond on your behalf. For audits, collections, or more complex matters, see our IRS Representation services.
Why Clients Choose Us
- Personal attention from experienced tax professionals
- Year-round availability, not just during tax season
- Proactive planning focused on your long-term goals
- Secure document exchange and timely communication
Tax Return Compliance
Preparation of federal, state, and international tax returns is the core of our tax services. High levels of technical and industry-specific expertise allow our tax professionals to ensure our clients’ tax returns are prepared efficiently and on time.
Tax Updates
We keep our clients up to date on the latest federal, state, and international tax issues through webinars, newsletters, website postings, and face-to-face meetings by staying ahead of tax issues, quickly communicating how they will impact your operations, and addressing them promptly.
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