Friendly, Seasoned Tax Professionals

We at Daniel J. Brown, CPA & Associates are experienced tax professionals who enjoy helping individuals, businesses, estates, and trusts with income tax return preparation and tax planning. We strive to exceed our clients' expectations and are gratified by the many compliments we receive each year and by the number of returning clients. Many clients have been coming for more than twenty years; and children of clients have become clients.
We are technically competent, degreed, and seasoned tax professionals who are easy to work with and whose goal is to have clients' taxes as low as legally possible. We want to help them see opportunities and pitfalls and to answer their questions. Questions such as:
- Can I deduct the real estate taxes I paid this year? I sold a house and bought a house this year; are the real estate taxes on both houses deductible?
- Should I use my employer's flex spending plan to pay for child care or take the credit?
- Is the sale of my personal residence taxable? If so, are there exceptions?
- What expenses can my business deduct? Or, I will be an independent contractor, what can I deduct? Do I need to make estimated tax payments?
- I made nondeductible contributions to my traditional IRA in the past but I never told my tax preparer. Is that OK? Is it a good idea to make nondeductible contributions?
- I am an employee. Can I deduct business expenses? Educational expenses?
- I had a high income for many years and put away a lot in my retirement accounts and saved a lot. But I have not worked this past year; what do you recommend?
- I am self-employed. What's the best way for me to save for my children's college? To pay for medical expenses? What retirement plans can I use?
- I received a small inheritance. How much income tax will I need to pay on it?
- Should I set up a 529 college fund for my child?
- I inherited US savings bonds and am in a high tax bracket. Can we reduce the tax?
- I changed jobs. Should I rollover my 401(k) or use it to pay some bills? My child is about to enter college, should I use it for tuition?
- I have appreciated rental property. Should I sell it or do a 1031 like-kind exchange?
- My income is too high to take an education credit, can my child take it?
- I got married late this year. Should we file as married or single?
- As a minister how do I calculate self-employment tax? What's covered by my "housing allowance"? What does "double dip" mean?
- I am getting a divorce. The equity in the house is about the same as my retirement savings. Which should I give up? My soon-to-be-ex wants the exemptions for the children. How much is it worth to my spouse and how much will it cost me?
- Even though the divorce is not final, we are living apart. Do we have to file jointly?
- How much is the auto mileage allowance? Can I take actual expenses instead?
- If my business owns my car, are all the expenses deductible?
- If I take a home office deduction, am I more likely to be audited? Do I qualify?
- What is the “Nanny Tax”? How do I pay it?
- My spouse and I created trusts to reduce estate taxes and avoid probate. Do we need to file returns for these trusts?
- I was just appointed the executor of an estate. What taxes need to be paid and what returns need to be filed?
- If I buy rental property what can I deduct? If it has a loss, will it shelter other income?
- I receive money from my ex-spouse. Is it alimony or child support or a property settlement? Do I need to pay tax on it?
- I am thinking of giving my child $10,000. Or, I will be remodeling my kitchen. How much can I deduct on my taxes?
- I exercised stock options and sold the stock, how do I figure the taxable gain?
Daniel J. Brown, CPA & Associates was established in 1986 and has become a fixture in the Oak Park, River Forest, Forest Park, Elmwood Park and Chicago community. In it's more than twenty years, the CPA firm has gained much experience. Experience used to better serve clients.
Open year round we are available when needed. Just call us at 708 386-7226 to schedule an appointment. We want to help.
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During tax season our hours are: |
- 9 AM to 9 PM Monday through Thursday
- 9 AM to 5 PM Friday and Saturday
| Throughout the rest of the year, evenings and Saturdays are available by appointment.

"We build long-term relationships with our clients." - Dan Brown, CPA
Chicago Tax Preparation | Chicago Tax Planning | Chicago Income Tax Preparation Planning Link Resources
Daniel J. Brown, CPA & Associates "Where a helping hand is extended" ___________________________________________________________________________________________ 715 Lake St. Suite 120 • Oak Park, IL 60301 • Phone: 708 386-7226 • Email: info@djbrowncpa.com
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