Timothy C Wolfe CPA



Services, Timothy C. Wolfe C.P.A. Mt. Prospect, Illinois

Tax Planning and Preparation

We all pay income taxes. However, there is no reason to pay more than necessary. In fact, Justice Learned Hand famously wrote: “Over and over again courts have said that there is nothing sinister in so arranging one's affairs as to keep taxes as low as possible. Everybody does so, rich or poor; and all do right, for nobody owes any public duty to pay more than the law demands: taxes are enforced exactions, not voluntary contributions. To demand more in the name of morals is mere cant.”

With over 40 years’ experience in tax preparation I can help you to manage your tax liability over the short and long term. Effective planning is an ongoing process. While we can’t control tax rates, which are currently at historic lows, we can work within the rules to minimize taxes. We must also monitor tax changes going forward, and be smart in our decisions as to how to save taxes over the long term. With almost all of government running annual deficits and accumulating unfathomable levels of debt it isn’t likely our income tax burden will go down.”
Becoming A New Client, Timothy C. Wolfe C.P.A. Mt. Prospect, Illinois

Becoming a New Client

Are you open to becoming a new client? Here are the steps we will follow to providing you with the services you want and need.

1. I offer a free review of your past 3 personal and/or business returns. I’ve found that approximately 1 in 3 new clients have overpaid their income taxes in at least 1 of those years.
2. Discuss my findings and identify suggestions for future years.
3. Amend returns, as applicable

Please use my chat box or send me an email through the contact box below to take advantage of your financial checkup

Other Services, Timothy C. Wolfe C.P.A. Mt. Prospect, Illinois

Other Services

There are daily issues that clients seek my professional assistance with. Those services include identification of business entity ownership, business acquisitions and sales, response to correspondence from various taxing agencies including the IRS and State of IL, reduction of tax penalties, and developing and reviewing business plans.