Tax Associates, Inc.

Tax Associates, Inc. For over 30 years Tax Associates, Inc. has specialized in tax planning IRS audit representation, cho

The End of IRS Paper Refund ChecksStarting September 30, 2025, the IRS has officially stopped issuing paper refund check...
02/24/2026

The End of IRS Paper Refund Checks

Starting September 30, 2025, the IRS has officially stopped issuing paper refund checks for tax refunds. All IRS refunds will now be sent electronically—via direct deposit, electronic funds transfer, prepaid debit cards, or other approved digital methods.

If a return is filed without banking info, the IRS will mail a letter asking for your routing/account numbers. If you don’t respond within 30 days, a paper check may be issued about six weeks after filing to avoid interest penalties.

What this means for you:
✔️ Ensure accurate bank details on your tax return
✔️ Direct deposit refunds faster and more secure
✔️ Electronic delivery reduces fraud and lost checks
✔️ Limited exceptions for those without access to digital banking










Protect Your Tax Return with an IRS IP PIN 🔐Identity theft is real — and tax fraud is one of the fastest growing scams.A...
02/21/2026

Protect Your Tax Return with an IRS IP PIN 🔐

Identity theft is real — and tax fraud is one of the fastest growing scams.

An IRS Identity Protection PIN (IP PIN) is a 6-digit number that helps prevent someone else from filing a tax return using your Social Security number.

✅ Protects against fraudulent refunds
✅ Prevents unauthorized filings
✅ Required to e-file if issued
✅ Free through the IRS

Once issued, your IP PIN must be entered on your tax return every year.

If you’ve experienced identity theft — or simply want extra protection — this is a smart move.

💼 At Tax Associates Inc., we help our clients stay protected and compliant.
DM us if you need assistance setting up your IP PIN.

Tax Season Hours ⏰Mon–Fri: 8AM–8PMSat: 8AM–6PMSun: ClosedExtended hours to serve you better.
02/18/2026

Tax Season Hours ⏰

Mon–Fri: 8AM–8PM
Sat: 8AM–6PM
Sun: Closed

Extended hours to serve you better.

New for 2025–2028: Tips & Overtime Tax DeductionsStarting in 2025, eligible workers can deduct qualified tips and the ov...
02/17/2026

New for 2025–2028: Tips & Overtime Tax Deductions

Starting in 2025, eligible workers can deduct qualified tips and the overtime premium portion (the extra 50% above regular pay) from taxable income under the new federal law.

🔹 This is a deduction on your tax return, not an exclusion from paycheck withholding.
🔹 Available to both standard and itemized filers.
🔹 Phases out at higher income levels.

For Employees:
✔️ Keep detailed records of tips and overtime hours.
✔️ Only the premium portion of overtime qualifies — not total OT pay.
✔️ Review pay stubs carefully.

For Employers:
✔️ Configure payroll to separately track overtime premium.
✔️ Clearly report tip income and qualified overtime.
✔️ Communicate with employees for tax filing clarity.

Stay informed. Stay compliant.

37 years of trust.37 years of commitment.37 years serving our community with integrity and excellence.Thank you for bein...
02/17/2026

37 years of trust.
37 years of commitment.
37 years serving our community with integrity and excellence.

Thank you for being part of our journey. The best is yet to come.

IRS announces Jan. 27 start to 2025 tax filing season| Tax Associates Inc
01/10/2025

IRS announces Jan. 27 start to 2025 tax filing season

| Tax Associates Inc

The Internal Revenue Service today announced that the nation’s 2025 tax season will start on Monday, Jan. 27, 2025, and will feature expanded and enhanced tools to help taxpayers as a result of the agency’s historic modernization efforts. The IRS expects more than 140 million individual tax ret ...

Required withdrawals from retirement plans by year-end deadline |Tax Associates Inc
12/10/2024

Required withdrawals from retirement plans by year-end deadline |

Tax Associates Inc

The Internal Revenue Service today reminded those aged 73 and older of the deadline to take Required Minimum Distributions from Individual Retirement Arrangements (IRAs) and other retirement plans, and highlighted updates introduced by the SECURE 2.0 Act. Required Minimum Distributions (RMDs) ar ...

FSA reminder: Employees can contribute up to $3,300 in 2025 Tax Associates Inc
11/08/2024

FSA reminder: Employees can contribute up to $3,300 in 2025

Tax Associates Inc

The Internal Revenue Service reminds taxpayers that during open enrollment season for Flexible Spending Arrangements (FSAs) they may be eligible to use tax-free dollars to pay medical expenses not covered by other health plans. An employee who chooses to participate in an FSA can contribute up t ...

Taxpayers Urged to Secure an IP PIN for Enhanced Protection in the 2025 Tax Season Tax Associates Inc
10/23/2024

Taxpayers Urged to Secure an IP PIN for Enhanced Protection in the 2025 Tax Season

Tax Associates Inc

As the 2025 tax season approaches, the IRS encourages all taxpayers to take an important step to safeguard their identity by signing up for an Identity Protection Personal Identification Number (IP PIN). This simple yet crucial step can provide an added layer of security, helping protect agains ...

Reminder for schoolteachers: Up to $300 in classroom expenses deductible for 2024 | Tax Associates Inc
08/21/2024

Reminder for schoolteachers: Up to $300 in classroom expenses deductible for 2024

| Tax Associates Inc

As educators gear up for the new school year, the IRS reminds schoolteachers that the maximum deduction for classroom expenses in 2024 remains at $300. This deduction allows educators to offset the cost of supplies, materials and other classroom essentials, providing some financial relief for t ...

Address

732 Florsheim Drive Ste 13
Libertyville, IL
60048

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

Telephone

+18475663010

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