IBS Tax Service - Mounds, IL

01/26/2026

Due to the severe cold and poor road conditions, we will not be open today. Sorry for any convenience. Thank you

01/13/2026

Time to start thinking about filing you taxes. The IRS will start processing returns on Jan 26. We will begin filing returns Tues Jan 20. We encourage you to call ahead for an appointment or drop off your paperwork and we will have it ready to file when you come in for your appointment. 618-745-6100.
Please have your picture id and social security numbers for you, your spouse and any dependents that you are claiming.

03/01/2022

Need your taxes done? Come see us at IBS Tax Service. To make am appointment call 618-745-6100.

01/15/2022

We will begin accepting tax documents and processing returns Jan 24. The IRS will begin ACCEPTING tax returns on Jan 24.

To protect the health and safety of our clients and staff....PLEASE STAY HOME IF YOU ARE SICK..
We encourage everyone to drop off their information and make an appointment to review and sign your return.

Please forward and SHARE!

01/07/2022

We will begin accepting tax documents and processing returns Jan 24. The IRS will begin ACCEPTING tax returns on Jan 31.

To protect the health and safety of our clients and staff....PLEASE STAY HOME IF YOU ARE SICK..
We encourage everyone to drop off their information and make an appointment to review and sign your return.

Please forward and SHARE!

01/07/2022

: IRS sending information letters to recipients of advance child tax credit payments and third Economic Impact Payments.

COVID Tax Tip 2022-03, January 5, 2022 — The IRS started issuing information letters to advance child tax credit recipients in December. Recipients of the third round of the Economic Impact Payments will begin receiving information letters at the end of January.

01/06/2022

Happy New Year. Welcome 2022.
Now is the time to begin gathering your tax documents to file your 2021 Income taxes.

Things to Know:
**If you received Advanced Child Tax Credits this year, YOU MUST bring the letter you received from the IRS with the amount you have received. This amount must be included on your tax return and must match what the IRS has on file for each of your dependents. Failure to report or reporting the wrong amount WILL CAUSE YOUR RETURN TO BE HELD UP until the discrepancy can be resolved.

**If you received any Stimulus payment you must include this on your tax return as well.

**Please make sure you have received ALL tax and income statements, receipts and expenses. Employers and businesses have until Jan. 31 to MAIL out W2's and tax documents. There may be a delay up to 2 weeks in receiving those mailed documents.

To reduce the amount of illness exposure to our clients and staff, DO NOT COME IN IF YOU ARE SICK. We are asking every one to drop off your information and schedule a follow-up appointment to review and sign your return. Please call 618-745-6100.

***The IRS has not yet released information regarding when the filing season will begin. We will update as information becomes available.

Please share!!!

05/06/2021

We know many of you are anxiously awaiting your federal tax refunds. According to the latest information from the IRS, they are behind in processing approximately 35 MILLION tax refunds.
The delays are due to verifiying the amounts of the first 2 stimulus payments claimed on the tax return. They are also verifying child tax credits and earned income credits. The unemployment tax basis has also changed which they are attempting to adjust as well.

At this time, the IRS is still processing refunds from return filed in February. So it is difficult to predict when anyone will receive their refund.

Unfortunately, since we only prepare your tax return, we do not have any control over when you will receive your refund. In most cases, we cannot access any more information than you can due to privacy restrictions.

All of these issues are beyond our control and we understand your frustrations.

Feel free to pass this along

02/12/2021

To better serve you. We will need to know if you received one or both recovery stimulus payments. If so we will also need the amount.

Family owned and operated by Sandy Newell and Gina Hileman. We take pride in offering friendly quality tax preparation comparable to the BIG Franchises. Our clients are not just another tax return they are our friends and neighbors.

01/16/2021

Ok folks, here is the latest update from the IRS.
2021 TAX season begins FEB 12. Tax returns will be accepted and processing will begin. The first refunds WITHOUT earned income credit or child tax credit should be begin around Feb. 22.

For Tax returns WITH Earned income credit and child tax credit, those refunds should begin releasing the first week of March.

FILING DEADLINE IS APRIL 15.

Hope this helps you in your plans to file your 2020 taxes.

Note:
Due to COVID, we cannot do walk-ins any longer. Please gather your W2s, any other income statements, your valid state issued ID. Bring copies of social security cards for each person on the tax return and verification of relationship and residency.

Drop off your information complete a client data sheet be sure to include a reliable contact number.
We will schedule a time for you to return to review and sign your completed return.
For more information: 618-745-6100

Family owned and operated by Sandy Newell and Gina Hileman. We take pride in offering friendly quality tax preparation comparable to the BIG Franchises. Our clients are not just another tax return they are our friends and neighbors.

01/15/2021

Due to COVID restrictions, we are no longer able to take walk-ins. We are asking that you drop off your information including a copy of your valid ID and social security cards for all dependents.
We will schedule an appointment to review and sign your tax return.
We will as always have the option of having your preparer fees taken out of your refund. Call 618-745-6100 for more information

Family owned and operated by Sandy Newell and Gina Hileman. We take pride in offering friendly quality tax preparation comparable to the BIG Franchises. Our clients are not just another tax return they are our friends and neighbors.

01/15/2021

As of today, the IRS has not released information about when they will begin accepting returns electronically.
Please make sure you have ALL income documents for the ENTIRE YEAR before filing. This includes unemployment, W2s, 1099s and / or self employment, and retirement dispersements.
Employers have until Jan 31 to send out tax information.
Failing to report all income can result in having to repay refunds you received.

Family owned and operated by Sandy Newell and Gina Hileman. We take pride in offering friendly quality tax preparation comparable to the BIG Franchises. Our clients are not just another tax return they are our friends and neighbors.