What we see in Clarendon Hills
Clarendon Hills is a small, residential village built around its Metra BNSF station and compact downtown. Many households are two-career professional families who commute to Chicago or the I-88 corridor, with children in local schools and a mix of salary, bonus and equity compensation.
The returns are more complicated than they look. Restricted stock, employee stock purchase plans, household employees, college savings and the occasional consulting engagement each have their own rules, and the common errors cost real money.
Clarendon Hills clients we work with most
Equity-compensated professionals
RSU and ESPP basis corrected on the return, option exercises planned around AMT, and withholding gaps closed with estimates.
Families with a nanny
Household employment taxes on Schedule H, Illinois unemployment registration, W-2s for the nanny, and the dependent care benefit.
College savers
Bright Start deductions, grandparent contributions and planning for the years when tuition bills arrive.
The tax issues that actually come up in Clarendon Hills
These are the questions Clarendon Hills owners and households bring to Net Cash Pro most often. Several are Illinois-specific, which is exactly where national tax software and out-of-state preparers tend to get things wrong.
The nanny tax
A family that pays a nanny or other household employee above the annual threshold must withhold and pay Social Security and Medicare, file Schedule H, and register for Illinois unemployment insurance. Getting it right protects the nanny’s benefits and the family from penalties, and an employer-provided dependent care account can offset part of the cost.
RSUs, stock options and the basis trap
Executives and engineers paid partly in equity often overpay because the cost basis on the broker’s 1099-B omits the income already taxed on the W-2 when RSUs vested or ESPP shares were bought. Incentive stock options add an alternative minimum tax question in the year of exercise. These are reconciled line by line, not taken from the form.
Under-withholding on bonuses and RSUs
Supplemental wages are often withheld at a flat federal rate that is below a high earner’s actual bracket. The result is a surprise bill in April and sometimes an underpayment penalty. Net Cash Pro reviews withholding mid-year and adds estimates where they are needed.
Bright Start and Bright Directions 529 deductions
Illinois lets a taxpayer deduct up to $10,000 a year ($20,000 on a joint return) of contributions to an Illinois 529 plan. Families who use an out-of-state plan lose the deduction, and grandparents who contribute can claim it on their own Illinois return. It is one of the few state-level levers a W-2 household still controls.
Flat fees, published up front
Net Cash Pro does not bill hourly. Clarendon Hills clients get a fixed price before any work starts, so a question in September does not turn into an invoice.
Federal + Illinois, e-filed
single-member LLC return
partnership return
starting price
Controller / CFO advisory starts at $1,995/month and includes everything in bookkeeping plus a monthly financial Scoreboard and Action Plan. See full pricing →
Frequently asked
Can you fix the cost basis on my RSU sales?
Yes. Broker 1099-B forms frequently report zero or understated basis for RSU and ESPP shares, which double-taxes income already on your W-2. Net Cash Pro reconciles the supplemental statements and reports the correct basis on Form 8949.
What does a family return cost in Clarendon Hills?
A personal federal and Illinois return is a flat $225, including one Schedule C and one Schedule E. Additional Schedule C forms are $100 and additional rentals $75. The quote is fixed in writing before work starts.
Who leads Net Cash Pro?
Net Cash Pro is led by Zahoor Hasson, EA, PMP, RMP. As an IRS Enrolled Agent he is federally licensed by the U.S. Treasury with unlimited rights to represent taxpayers before the IRS in audits, collections and appeals. He has advised DuPage County businesses, including Clarendon Hills clients, since 2006.
Do Clarendon Hills clients have to come to the office?
No. The Net Cash Pro office at 722 Huntington Dr, Carol Stream is about 25 minutes from Clarendon Hills, and in-person meetings are available by appointment. Many Clarendon Hills clients upload documents securely and meet by phone or video instead.
Talk to an Enrolled Agent about your Clarendon Hills business
The first 30-minute consultation is free. Bring last year's return and we will tell you plainly whether there is money being left on the table.