Tax Services

When it comes to the world of taxes, preparation and planning go a LONG way. We have the expertise and knowledge you are looking for in a tax professional and can help you navigate your options.

We’re happy to help you with any of these services:

Tax Preparation

Stop missing out on potential deductions that could be saving you big money!

Tax Planning

Real strategies and solutions to help you minimize your IRS liability.

IRS AUDIT Representation

Don’t go it alone! We’re your ally and representative in an IRS audit.

Instilling Financial Literacy For Kids In NW Chicago

Memorial Day weekend can often feel a little disjointed. There we are with our burgers, our pools, our picnics -- all while we are supposedly remembering the sacrifice of so many thousands who laid down their lives in the line of duty for this country, and for the...

Delayed Gratification: Staying Focused to Get Ahead (Later) in NW Chicago

For sports fans, that was quite a run last week. The NHL crowned its champion (and the nation's capital seemed like it was one massive street party for the weekend), the rest of the NBA conceded to the Golden State Warriors, and we witnessed another Triple Crown in...

Tim Wolfe’s Second Key To Wealth Building

Believe it or not, we have less than two months before federal taxes are due.Yikes.I have been meeting with so many NW Chicago clients (including a fair number of new ones, thanks to YOUR referrals -- keep them coming!), finding so many wonderful ways to help people...

Tim Wolfe’s Three Simple Steps For Better Information Security Management

Well, the Super Bowl is over. And for many it was a snoozer? The snarky tweets were in full force, and there were many sad bettors who might want to check this out (unless, of course, they just want to let us handle it for them, which is always wise).Even the...

3+ Reasons Why NW Chicago Taxpayers Might Need to File an Amended Return

Well, we did it. You did it. We made it through the tax busy season. Every year, when I shut our NW Chicago office door on April 15th (the 17th this year -- er, the 18th, because of the IRS "issues"), I feel a huge weight lift off of my shoulders. Going home that day...

A 12-Point Financial Health Check For NW Chicago Families And Individuals

We are now fully engaged in our tax "off season" here in NW Chicago. But interestingly, this is where the real difference that we can make on behalf of our tax preparation clients is actually made. We're diving into the new tax legislation, and attending classes...

Timothy Wolfe’s Tax Extension Breakdown

It's the final full week of tax season, and our office in NW Chicago is hopping! But yes, I'm still taking the the time to step away for a moment and write to you, my friend. Lots of business to communicate today, with the deadline of Tuesday, April 17th, right around...

Timothy C. Wolfe, P.C.’s 2017 Tax Preparation Checklist

Lots of things have been changing recently -- from Academy Award ratings (they're down), to mortgage rates (which have been rising), to the effective tax rates for most businesses and families in 2018 (which, you may have heard, have changed!). But we here at Timothy...

Why American’s aren’t saving money beyond their 401k/403b

Recently I was reading an article discussing why American's aren't saving money beyond their 401k/403b (assuming participation in these plans). The fact is American's not only aren't paying themselves first they are actually paying others first. Take, for example,...

Tim Wolfe’s First Key To Building Wealth

Not only are we entering into the thick of tax season, but based on our political situation, we could be staring at another federal government shutdown on Friday.Which means, well ... I don't know exactly what it will mean except that God bless you if you are trying...

How You’re Missing Legal Tax Deductions

Here’s a certain truth: the State and Federal Government would love to have more of your hard-earned money in their accounts. Sure, even though it’s painful, none of us begrudge paying our legal and fair share of taxes.

But the problem is that regular taxpayers, like you, are missing out on legal and safe deductions, to the tune of hundreds of millions of dollars in unclaimed refunds every year!