Reliable Financial Solutions Co.

"A lack of transparency results in distrust and a deep sense of insecurity."

Dalai Lama

Dalai Lama

What Our Services Includes

  • Free Tax Consultation/Estimates
  • Preparation of federal, state and local income tax returns for:
  • Individuals
  • S-Corporations
  • C-Corporations
  • Limited Liability Companies
  • Partnerships
  • Rental Property
  • Non-Profit
  • Gift Taxes
  • Retirement
  • ITIN Certified Acceptance Agent Services
  • Preparation of payroll tax returns:
  • Form 941. 940, w-2, 1099-misc
  • Preparation of sales and use tax returns
  • Determination of estimated tax deposit
  • Audit Assistance
  • Bookkeeping Services
  • Profit & Loss Statements, Calculate & Organize Receipts, Quick Books
  • Bank Products:
  • Fast Cash Refund: Receive up to $6,000 in advance
  • File Now & Pay Later with Refund
  • Pick up Refund at Office
  • Get Refund on Pre-paid Debit Card
  • Notary Public (In -Office or Mobile)
  • Tax School: Learn to Prepare Taxes!
  • Free Tax Planning
  • Free Educational Material & Resources

Whether your tax compliance needs are simple or complex, we have the expertise to handle your needs and to ensure that you receive Quality, Educational, Affordable, and Audit-Ready tax preparation services. 


Here at Reliable Financial Solutions Corp, we provide a variety of financial services, we help you repair your credit & taxes. With our easy Credit Repair Program we help you by providing F.C.R.A legal disclosures to the Creditors & Bureaus to remove inaccurate items from your credit report & public records. With our Tax Service we are AUTHORIZED IRS E-FILERS. We prepare and file your business, & personal Federal & State Taxes. Students are welcomed! 


Itemized 1040 with Schedule A & State Return.


Form 1040 with State Return.

Itemized 1040 with Schedule C Business Income & State Return.

Tax Return Packages

We provide quality, affordable, educational, audit-ready tax preparation services to Individuals and Small Business Owners. Our Tax Prices are based on the type of tax return filed. The packages range form $25 for a student dependent return up to $400 for Individuals with Student Dependents and write-offs. Contact us for you free quote, or contact us to get your tax questions answered; Either way, we are here to serve you.

Understanding Tax Forms 

Business Tax Form 1120

C Corporation is a separate tax paying business entity. The Corporation pays Corporate Income Taxes on the profit, and then, the shareholders also pay taxes on any dividends received from the Corporation (this is referred to as double-taxation).

Limited Liability Company- LLC that elects to be taxed as a Corporation also must file taxes on form 1120; (to elect to be taxed as a corporation, the LLC must file form 8832.

Informational Tax Form 1065 (& 1040 w/Sch K-1)

Partnerships file form 1065 to report the profit or loss from the Partnership. Partnerships do not pay taxes, instead, the income or loss flows through to each partner who will receive a Schedule K-1 to report their share of the income or loss on their personal tax return. The Income is taxed at the Ordinary Personal Tax Rate.

Multi-member LLCs are taxed the same as Partnerships unless elect to be treated as a corporation or sole proprietorship. 

Business Tax Form 1120 S (& 1040 w/Sch K-1)

S Corporations bypass the corporate tax since the income or loss from the S Corporation return (1120 S) flows through to the shareholders personal tax return. Each shareholder will receive a Schedule K-1 from the 1120 S return, which will have their share of income or loss from the S Corporation. This income is taxed at the shareholder's ordinary tax rate from their personal tax return. Corporations who want to be treated as an S Corporation must make the election by filing form 2553.

Personal Tax Form 1040 (Schedule C)

Sole Proprietors and Single-member LLCs (who do not elect to be taxed as a corporation) file using form 1040 with a Schedule C attached. Self-Employment taxes are paid based on the amount of profit (up to 15.3% on 92.35% of the profit will be taxed SE-Tax). The profit amount is also added to any other income on the personal tax return, and taxed at the Personal Ordinary Tax Rate.

A husband and wife who own and operate a business (Qualified Joint Venture): both can file using form 1040 w/Sch C.

We File Previous Year Tax Returns! 

Do you have back taxes that need to be filed? We can go as far back as 2015 to file your taxes for you. Fees NEVER change. Book your appointment today! 

Tax Service

With Our Tax Service We  Guarantee you the Max! We have convenient REFUND LOANS! We have a referral bonus program that pays cash, gift cards, & more! 

Credit Repair

Our Credit Repair Program is EXACTLY what you need to get you on track! We have FAST results! With our easy step Credit Repair System you'll be in your dream home in no time! IF NOT WE OFFER YOU YOUR MONEY BACK! Ask about our Tradline specials! 


Our Bookkeeping Service is convenient and Reliable! Affordable to fit your financial needs as well as keep your business needs organized. 

What our customers are saying

Reliable Financial Solutions is a one stop shop for me, I'm a single mom with a college student & high school student, both athletic. I am in a VERY small town so it's hard to maneuver. However I was able to get my taxes files & catch a credit special to help clean my credit up! They were on time with responses from the credit bureaus, I even got my taxes faster than before! My refund was above wat I had expected. I definitely recommend Reliable Financial Solutions! 

Kasheena M. Illinois