XPLANIT FINANCIAL SERVICES (Formerly Davenport Tax Preparation)
If you're looking for Davenport Tax Preparation — you're in the right place. Same trusted, licensed team. Same personal attention.
Now under the XPlanit Financial Services name, with a few more ways we can help.
TAX PREPARATION SERVICES
XPlanit Financial Services
(Formerly Davenport Tax Preparation)
Tax Preparation Services
Davenport Tax Preparation — now XPlanit — is an IRS-registered tax preparation service that has been preparing tax returns for nearly 40 years; assisting clients in multiple states, including California, Illinois, Indiana, Iowa, Kansas, Mississippi, Missouri, Nevada, Ohio, Texas and Wisconsin.
Our proprietor is a former IRS tax auditor who worked in the Kansas City, MO regional office, as well as a tax professional for H&R Block in the Chicago SW district office. That IRS-side experience means we know how returns get reviewed — and we prepare yours to hold up.
What we offer:
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All Form 1040s, including Amended and Prior Year returns
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Electronic filing for federal and state returns
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Direct deposit refunds
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Convenient mobile service
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Fully virtual filing — documents submitted online,
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Appointments by phone or video,
Our mission: personal, honest solutions — not a one-size-fits-all answer. We take the time to understand your specific tax situation so your return is accurate and you keep what you're owed.
Since our Davenport days, we've grown to offer more than tax prep — Life, Health and Medicare insurance, notarization services, and Employee Benefits Education Seminars to support HR departments during Open Enrollment.
Beyond Taxes, All Under One Roof.
TAX PREPARATION
Davenport Tax Preparation is headed by a former IRS auditor, K.C. regional office. Preparing taxes for nearly 40 years across CA, IA, IL, IN, KS, KY, MO, MS, NV, OH, TX, WI.
1040A 1040EZ
Includes:
W-2 Income
Standard Deduction
Single, Married
No Dependents/Children
Rent Your Home
+ Includes State Return
+Electronic Filing
(Federal & State)
+Direct Deposit Refunds
+Electronic client return copy
1040 Complex
Includes:
Small/Home-based Businesses
Schedule C/Schedule SE
Investments (IRA, 401k)
Home Office Deductions
Real and Personal Property Depreciation
+Electronic Filing
(Federal & State)
+Direct Deposit Refunds
+Electronic client return copy
1040 Returns
Includes:
W-2 Income
1099 Income
Maximum Tax Deductions
Own or Rent Your Home
Interests/Dividends
+ Includes State Return
+Electronic Filing
(Federal & State)
+Direct Deposit Refunds
+Electronic client return copy
Amended/Prior Year Returns
Includes:
Processing Prior Year Returns
Amending Previously Filed Returns (Form 1040X)
Deceased Taxpayer Filings
+Electronic client return copy
Frequently Asked Tax Questions
Straight answers from a former IRS auditor:
Are Social Security benefits taxable?
It depends on your overall situation. Whether your benefits are taxable and if so, how much — depends on your other income, such as wages, self-employment earnings, pensions, or business income. The IRS compares your other taxable income against a set table to determine what portion, if any, of your Social Security benefits gets taxed.
If my spouse passes away, do I still file jointly that year?
Yes. The IRS allows a surviving spouse to file a joint "deceased taxpayer" return for the year of death and the following tax year — and in some cases, depending on the month of death or if there are minor dependents, this can extend to three calendar years. This flexibility exists partly because settling an estate (especially real estate) through probate can take time.
Can I deduct a home office?
Yes — and this has become much more common as more people work from home or run a side business. The Home Office deduction applies whether you itemize or not, and whether you own or rent. It's calculated either by exact costs or by the percentage of your home's square footage used exclusively for work. Talk to a tax professional to confirm your space qualifies.
Do I have to pay taxes if I sell my home for a profit?
You have two ways to avoid capital gains tax on the sale:
Defer it — if you buy a new home within 3 tax years of the sale, no tax applies.
One-time exemption — commonly used by those not planning to buy again (often, but not only, seniors), this fully eliminates the tax on the sale. It can only be claimed once in your lifetime, so use it carefully.
My employer says I'm a "statutory employee" — is that right, and how do I file?
It depends on whether you meet specific IRS conditions. Statutory employees are a defined category — including certain traveling salespeople, life insurance agents, delivery drivers for specific goods, and home workers using employer-furnished materials. If you qualify, your employer marks it on your W-2, and you report wages and allowable expenses on Schedule C rather than as a typical W-2 employee — though you're still not liable for self-employment tax, since your employer handles Social Security tax on your behalf.
available year-round to prepare your PERSONAL OR SMALL BUSINESS TAXES...
