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Contact Us
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If you need assistance with your tax preparation, bookkeeping, financial consulting, or any other accounting services, please feel free to reach out to us via email, phone, or by visiting our office.
info@mtsaccounting.tax
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815-573-8225
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We recognize that your time is valuable. To make the process more convenient for you, we offer an alternative to waiting at the office. Simply drop off your information or submit it securely online, and we will contact you to address any questions. Once all details are finalized, we will reach out to with your numbers for approval. If everything meets your expectations, you can visit us at your convenience to sign and complete your payment.
Additional Services
Need Help With Other Common Tax Issues?
Our professionals offer a diverse range of services that may not be listed. Please feel free to reach out with any questions about specific services.
Our professionals offer a diverse range of services that may not be listed. Please feel free to reach out with any questions about specific services.
Notary Services
ITIN - Certified Acceptance Agents
Budget Assistance
Business Licensing
Personal Financials
Workers' Compensation Audits
Regulatory Guidance
Business Formation
Payroll Processing
Business Projections and Analysis
Business Financials
Translation Services
Out-of-State Filings
Notary Services
ITIN - Certified Acceptance Agents
Budget Assistance
Business Licensing
Personal Financials
Workers' Compensation Audits
Regulatory Guidance
Business Formation
Payroll Processing
Business Projections and Analysis
Business Financials
Translation Services
Out-of-State Filings
Notary Services
ITIN - Certified Acceptance Agents
Budget Assistance
Business Licensing
Personal Financials
Workers' Compensation Audits
Regulatory Guidance
Business Formation
Payroll Processing
Business Projections and Analysis
Business Financials
Translation Services
Out-of-State Filings
FAQ
Your Guide to Quick Solutions
We are always happy to help. If you have additional questions please contact us using the link below.
When are taxes due?
- Individual federal income tax returns are generally due April 15 each year. If this date falls on a weekend or holiday, the due date shifts to the next business day.
- Extensions are available
o Tax extensions can be filed to extend the filing deadline to October 15, but the tax payment deadline remains April 15. Form 4868 is used for individuals, and Form 7004 for businesses.
What documents do I need to file my taxes?
Common documents include:
o W-2 (wage statement)
o 1099 forms (freelance, interest, dividends, etc.)
o Receipts for deductions
o Last year’s tax return
o Proof of identity (e.g., Social Security number or ITIN)
o Routing & account number for refunds and/or tax payments (usually found on a voided check)
How can I pay my federal and state tax obligations?
Federal Taxes can be paid via https://www.irs.gov/payments
Information on other jurisdictions can be found at https://www.irs.gov/businesses/small-businesses-self-employed/state- government-websites
What records should I keep for business tax purposes?
Keep records like:
o Receipts and invoices
o Bank and credit card statements
o Mileage logs
o Payroll records
o Tax returns for at least 3–7 years
What is Form W-9?
A Form W-9, Request for Taxpayer Identification Number and Certification, is an official IRS form used by U.S. persons (including individuals, independent contractors, freelancers, sole proprietors, partnerships, corporations, and other entities) to provide their accurate Taxpayer Identification Number (TIN) and other certification information to entities who are required to report payments made to them to the IRS.
I filed and have not received my bill/charge or refund?
Electronically Filed Returns: Refunds or charges usually process within 21 days. Check the status using the IRS Where's My Refund tool (updates daily, 24 hours after e-filing acceptance) or by calling the IRS refund hotline (1-800-829-1954).
Paper Filed Returns: Refunds or charges typically take 6 to 8 weeks to process. Check the status using the Where's My Refund tool (available 4 weeks after mailing) or the refund hotline (wait 6 weeks after mailing). Amended Returns: Allow up to 3 weeks to show in the system and up to 16 weeks to process.
ITIN Requests or Renewal: Please allow additional time when your return includes ITIN renewal
*Please contact us if you feel your return has not been processed in the timeframes outlined above.
Do I file my business and personal taxes separately?
An LLC can choose how it's taxed. By default, single-member LLCs are treated like sole proprietorships, and multi-member LLCs are treated like partnerships. However, an LLC can elect to be taxed as a C Corporation or an S Corporation by filing Form 8832 or Form 2553, respectively. If an LLC makes such an election, its tax filing requirements align with the chosen corporate structure.
Separately: Only if your business is structured as a C Corporation or an S Corporation. These file taxes at the corporate level (Form 1120). LLCs can elect to be taxed as corporations.
Together (Pass-Through): If your business is a sole proprietorship, single-member LLC (by default), or partnership, business income and losses are reported on your personal return (Form 1040). Sole proprietorships and single-member LLCs use Schedule C. Partnerships (including multi-member LLCs taxed as partnerships) file Form 1065, issuing Schedule K-1s to partners for reporting on their personal returns.
What expenses can my business deduct?
Typical deductible expenses:
o Office rent
o Supplies and equipment
o Business meals (partial)
o Travel expenses
o Software subscriptions
o Payroll
What is an EIN and do I need one?
Employer Identification Number (EIN) is like an SSN for businesses. You generally need one if you hire employees, operate as a corporation or partnership, or file certain business tax returns.
What should I do if I get audited?
Stay calm. The IRS will notify you by mail.
Gather your documentation and respond timely.
At MTS Accounting, we stand by the quality of our work and our commitment to our clients. We will provide full support throughout the entire process.
When are taxes due?
- Individual federal income tax returns are generally due April 15 each year. If this date falls on a weekend or holiday, the due date shifts to the next business day.
- Extensions are available
o Tax extensions can be filed to extend the filing deadline to October 15, but the tax payment deadline remains April 15. Form 4868 is used for individuals, and Form 7004 for businesses.
What documents do I need to file my taxes?
Common documents include:
o W-2 (wage statement)
o 1099 forms (freelance, interest, dividends, etc.)
o Receipts for deductions
o Last year’s tax return
o Proof of identity (e.g., Social Security number or ITIN)
o Routing & account number for refunds and/or tax payments (usually found on a voided check)
How can I pay my federal and state tax obligations?
Federal Taxes can be paid via https://www.irs.gov/payments
Information on other jurisdictions can be found at https://www.irs.gov/businesses/small-businesses-self-employed/state- government-websites
What records should I keep for business tax purposes?
Keep records like:
o Receipts and invoices
o Bank and credit card statements
o Mileage logs
o Payroll records
o Tax returns for at least 3–7 years
What is Form W-9?
A Form W-9, Request for Taxpayer Identification Number and Certification, is an official IRS form used by U.S. persons (including individuals, independent contractors, freelancers, sole proprietors, partnerships, corporations, and other entities) to provide their accurate Taxpayer Identification Number (TIN) and other certification information to entities who are required to report payments made to them to the IRS.
I filed and have not received my bill/charge or refund?
Electronically Filed Returns: Refunds or charges usually process within 21 days. Check the status using the IRS Where's My Refund tool (updates daily, 24 hours after e-filing acceptance) or by calling the IRS refund hotline (1-800-829-1954).
Paper Filed Returns: Refunds or charges typically take 6 to 8 weeks to process. Check the status using the Where's My Refund tool (available 4 weeks after mailing) or the refund hotline (wait 6 weeks after mailing). Amended Returns: Allow up to 3 weeks to show in the system and up to 16 weeks to process.
ITIN Requests or Renewal: Please allow additional time when your return includes ITIN renewal
*Please contact us if you feel your return has not been processed in the timeframes outlined above.
Do I file my business and personal taxes separately?
An LLC can choose how it's taxed. By default, single-member LLCs are treated like sole proprietorships, and multi-member LLCs are treated like partnerships. However, an LLC can elect to be taxed as a C Corporation or an S Corporation by filing Form 8832 or Form 2553, respectively. If an LLC makes such an election, its tax filing requirements align with the chosen corporate structure.
Separately: Only if your business is structured as a C Corporation or an S Corporation. These file taxes at the corporate level (Form 1120). LLCs can elect to be taxed as corporations.
Together (Pass-Through): If your business is a sole proprietorship, single-member LLC (by default), or partnership, business income and losses are reported on your personal return (Form 1040). Sole proprietorships and single-member LLCs use Schedule C. Partnerships (including multi-member LLCs taxed as partnerships) file Form 1065, issuing Schedule K-1s to partners for reporting on their personal returns.
What expenses can my business deduct?
Typical deductible expenses:
o Office rent
o Supplies and equipment
o Business meals (partial)
o Travel expenses
o Software subscriptions
o Payroll
What is an EIN and do I need one?
Employer Identification Number (EIN) is like an SSN for businesses. You generally need one if you hire employees, operate as a corporation or partnership, or file certain business tax returns.
What should I do if I get audited?
Stay calm. The IRS will notify you by mail.
Gather your documentation and respond timely.
At MTS Accounting, we stand by the quality of our work and our commitment to our clients. We will provide full support throughout the entire process.