Home/Tax planning in Schaumburg, IL

CPA tax planning in Schaumburg, IL.

Taxman 365 is a CPA-led tax firm at 953 N. Plum Grove Rd., Schaumburg. We plan, file and advise all year for individuals, business owners and investors across the northwest suburbs and the rest of the U.S.

What we do here

Year-round, not just in April.

Individuals and families

Federal and Illinois returns, withholding check-ups, capital gains and retirement planning.

Business owners

LLC, S-Corp and partnership returns, entity choice, payroll and estimated taxes. S-Corp election →

Indian-American families

Worldwide income, FBAR, Form 8938 and gifts from abroad. NRI tax →

IRS notices

We read the letter, work out what it really asks for and answer it for you.

Illinois basics

What Illinois adds to your federal return.

  • A flat 4.95% Illinois income tax on individuals
  • The 1.5% replacement tax on S-Corp and partnership income
  • Illinois returns due with the federal: April 15 for individuals, March 15 for S-Corps and partnerships
  • Most federal planning moves (401(k), HSA, entity choice) lower your Illinois tax too
Find us

953 N. Plum Grove Rd., Unit A, Schaumburg, IL 60173.

Serving Schaumburg, Hoffman Estates, Palatine, Arlington Heights, Rolling Meadows, Elk Grove Village and Hanover Park, and clients across the U.S. Office +1 (862) 423-7028. Open in Google Maps →

FAQ

Questions we get every week

Do you only work with clients in Schaumburg?
No. We are based in Schaumburg and work with clients across the U.S.
What is the Illinois income tax rate?
Illinois taxes individual income at a flat 4.95%.
What should I bring to a first meeting?
Your last tax return, any entity documents, a year-to-date profit and loss if you run a business, and a list of foreign accounts if you have any.
Is the first call free?
Yes. The discovery call is free and carries no obligation.
Do you help with IRS letters?
Yes. Send us the notice and we will explain what it means and respond for you.

General information, not advice for your situation. Figures checked October 2026.

In the northwest suburbs? Come talk to a CPA.

Call or text (847) 278-7305 or email Tax@taxman365.com.

Book a free discovery call →