Call Today: 877-825-1179

La Porte Chamber of Commerce
VERIFIED Seal Success Tax Relief, LLC BBB Business Review    

tax companies in houston TX

When Should You Consider Hiring a Tax Relief Company?

When Should You Consider Hiring a Tax Relief Company?

By on Sep 1, 2017 in IRS, tax companies in houston TX, Tax relief | 0 comments

If you owe back taxes to the IRS or cannot pay your current tax bill, you may wonder if partnering with a tax relief firm might be a helpful next step as you think about how best to resolve your tax issue. Tax relief companies can be extremely useful, especially if you are a knowledgeable consumer and look for a reputable company with direct experience dealing with the Internal Revenue Service (IRS).  Here are some instances where hiring a tax relief company can be most effective: If you need assistance communicating with the IRS:  If you have received written communication from the IRS about back taxes or unpaid tax debt, you will want to respond quickly in order to keep the situation from escalating further. A tax company with experience communicating with the IRS can help you understand the correspondence, help you develop a plan for responding and even communicate to the IRS on your behalf.  The IRS can be intimidating—a reputable tax relief company can take that stress away. If you are looking for advice about options for reducing your tax debt:  If you do not have the money to pay your current tax debt in full, you may qualify for an IRS program that allows you to pay in installments (installment agreement) or even allows you to pay an amount that is less than what you owe (Offer in Compromise).  A tax relief company can make a careful review of all of your tax returns and other tax documentation and help you determine the best path forward for your unique set of circumstances. Audit Support: If you or your business is the subject of an IRS audit, partnering with a tax relief company can help you prepare for the audit and understand the exact terms of the process.  While only approximately 1% of taxpayers are audited, if you receive notice, you may want strong audit support. If you want a professional to review your previous tax returns to ensure accuracy:  Tax relief companies can also help provide general tax advice and guidance as well. A tax firm can review your documentation and ensure that your tax returns are accurate and correct before you submit. If your taxes...

Read More
How to Prepare for Tax Season This Fall

How to Prepare for Tax Season This Fall

By on Nov 3, 2015 in tax companies in houston TX, Tax Preparation, Tax Tips | 0 comments

With the fall season well underway, many people are usually recovering from the expense of back-to-school shopping only to be re-introduced to a medley of festive holidays to follow. After everyone has recovered from that, in comes the W2s and now tax season has officially started! In short, tax season is not that far away. So to better prepare yourself for that sometime rewarding, yet exasperating season, the best thing to do is be proactive by preparing for it as early as possible this fall season. Here are a few ways you can make the upcoming tax season easier for you:   Start Collecting Information that Might Take Weeks to Get  When it’s time to file your annual taxes, one of the most annoying things is not having the proper documents to file. At the bare minimum, tax filings will require a social security number and birth certificate. As it is likely that you already know your own, if you have a spouse or dependents that you are including in your filing, the Internal Revenue Service (IRS) will want to know theirs as well. Even if you have an excellent memory, it is still very important to have these documents on hand to support what your are entering in your filing. If you do not have these documents, it is recommended to go to the county city building and/or the social security office to request a duplicate copy.  Create a Folder For Tax Related Documents  It doesn’t matter if you consider yourself a free spirit or an organized individual. When it comes to paying taxes, there must be some level of responsibility taken. At the very minimum, it is recommended to create a folder dedicated for taxes only. This way, once you begin receiving documents in the mail marked “tax-related documents” or the like, just slip them into your new tax folder. It is not always necessary to know exactly what it is for. If any document you receive recommends you to save it for your taxes, do just that! When it’s time to file, all you have to do is give that folder to your tax preparer and rest easy! Should you choose not to do this, when...

Read More
Tax Return Professionals in Houston

Tax Return Professionals in Houston

By on Apr 2, 2014 in tax companies in houston TX | 0 comments

Now is the perfect time to start thinking about this year’s taxes!  Very soon, your mailbox and inbox will fill up with a variety of tax documents.  W2s, and 1099s will start arriving in January and you can count on them to get to you by mid-February to give you ample time to file your tax return.  It is also a great time to consider whether you might need to hire a tax professional or tax firm this year to help you complete and submit your return.  We have compiled a list of the most common benefits of partnering with a tax professional on your annual tax return. 1.  Help you maximize deductions and credits An experienced tax professional is knowledgeable about the current tax credits that you, your business or your family can benefit from.  These can change from year to year, so a tax professional can really make a difference here.  In addition, a tax professional can also help you get the most out of your various deductions over the course of the year. 2.  Will help you minimize careless errors One of the biggest reasons for delays in getting your return processed and receiving your refund are careless errors.  Arithmetic mistakes, transposed numbers, incorrect information and failure to sign and/or date your return are just a few of the many possible small errors that can cost you.  A trained tax professional has a keen eye to catch these errors before you submit to the IRS to make the return process seamless. 3.  Can provide advice or guidance with complex situations Have you received a large financial gift this year?  Have you received a new form of income or have you liquidated some of your assets?  Or, if you own a business, do you have questions about how to compute payroll taxes?  There are countless complex issues that might impact your tax return in a particular year.  If this year has been unusual for you in some way, it might be wise to consider hiring a tax professional to help you translate this difference correctly on your tax return. 4.  Will be available to support you in the event of an audit While IRS audits are rare,...

Read More
Houston Tax Consultants for Small Businesses

Houston Tax Consultants for Small Businesses

By on Dec 26, 2013 in tax companies in houston TX | 0 comments

There are several important tax considerations to ponder for your small business, especially at the onset.  From the moment you open your doors (or even before), decisions about your business structure need to be made that will impact your annual tax return and how you receive your profit. The first and perhaps biggest decision is how to classify your small business: Sole Proprietorship:  This is the most common and simple type of business classification. In this case, one single person owns the company and is both the owner of the profit/assets as well as the debt.  From a legal perspective, there is no difference between the owner and the business. Profits and losses are reported on an individual’s tax return. Partnership:  Very similar to a sole proprietorship, but instead of one single owner, two or more individuals share ownership of the company.  This means that they share the profits/assets as well as the debt.  In a partnership, an informational tax return is completed and each partner discloses profits and losses on their own return. Corporation:  A corporation is different from a sole proprietorship and a partnership in that it functions separately from the owners of the business and can be sued or taxed.  It is comprised of shareholders (partial owners) that have limited liability for the debt with shoreofficewarehouse.com office furniture.  Corporations are very complicated to set up and often require the help of an attorney and/or a tax firm. LLC:  A Limited Liability Company (LLC) is a cross between a corporation and a partnership.  Each state may have different regulations that govern their LLCs. S Corporation:  Like a partnership, the profits and losses of an S Corporation are shared by the partners and the business itself is not taxed.  Earnings each year can be included on a personal tax return but if there is profit, the partners must pay their own wages. Deciding how best to structure your small business and anticipating the tax ramifications of this crucial, early decision are critical to the success of your business and have a significant impact on your tax return.  If you have questions or want more information about the pros and cons for each of the structural options, you may...

Read More
What Income Tax Bracket Are You In?

What Income Tax Bracket Are You In?

By on Dec 12, 2013 in tax companies in houston TX | 0 comments

Understanding which tax bracket you fall into is helpful as you prepare to complete your tax return each year.  A tax bracket is defined as a range of incomes that are taxed at a certain rate.  The government charges more taxes to those who earn more (and are in higher tax brackets).  So, as your income increases, your tax bracket increases and you are asked to pay more each year in income taxes.  This system is based on the assumption that the more money you make, the more of the tax burden you can endure. What information do you need to determine your tax bracket? If you would like to figure out approximately which tax bracket you fall in, you will need one very important piece of information – your taxable income.  This is your adjusted gross income minus your standard or itemized deductions.  Your tax bracket is based on your taxable income.  You can consult the IRS website to determine your tax bracket based on your taxable income.  One important thing to note is that your income is taxed as it progresses through each tax bracket.  So, if your taxable income is $50,000 and that puts you in the third (25%) tax bracket, a portion of your tax would be calculated in the first tax bracket, a portion in the 2nd tax bracket and the remaining amount (your “last dollar” amount) would be taxed at the 25% rate for the 3rd tax bracket. Helping you keep track of your tax bracket Tax brackets can change each year so it is important that you consult the IRS website for current bracket information.  In 2013, there are 7 different tax brackets with tax rates of 10, 15, 25, 28, 33, 35, 39.6%.  If you are concerned that your tax bracket may be too high, one way to decrease your taxable income is to increase your claims for appropriate deductions.  Thinking about how best to itemize your deductions and plan ahead for your tax return, consider partnering with a tax firm with experience.  Success Tax Relief has been working with clients to solve all types of tax problems for more than thirty years and developed a strong record of working directly...

Read More
Most Reliable Tax Filing Company in Houston, Texas

Most Reliable Tax Filing Company in Houston, Texas

By on Aug 26, 2013 in tax companies in houston TX | 0 comments

Reliability means different things to different people. At Success Tax Relief, reliability is the practice of maintaining matters on a consistent basis, whether it be in routine situations, hostile circumstances, and unexpected turns. When reliability is repeatedly proven under these conditions, a relationship is built with a strong foundation of trust, providing comfort, relief, and strong peace of mind for all parties involved. When thinking of these types of secure relationships, we often think of our close family ties or dear friends; relationships that have stayed together through the best of times, and through the worst of times. In today’s world of competitive transactions, you can often be left wondering why you were looking for this security in the first place. It is because these reliable relationships bring a feeling of long term satisfaction, something that cannot be purchased just anywhere. If you need help filing your taxes for the year, the most important factor you should consider is reliability. You are sharing your most private financial information and personal affairs, information that needs to be protected from unknown third parties. You need a trustworthy company who will handle your information with care and sensitivity, always working to provide you with the best possible outcome. Let’s look at the three areas of reliability we mentioned earlier, and see what they mean for a reliable tax firm and the service we provide. 1. Routine matters For most of us, we are in a fortunate situation where filing time is a fairly routine matter. If you are looking for an improved return, however, a reputable tax firm will assist you to identify and claim ALL of the different expenses that you are entitled to, as well as identify areas or circumstances where you may be given special consideration. Tax consultation services deliver a range of ways to provide you with better outcomes, and whether you are having problems with the IRS or not. 2. Hostile circumstances Receiving a notice from the IRS that you owe a large payment can cause enormous stress, especially if you do not understand why you have received it. In circumstances such as this, you require someone to represent you with professional care, and assist you in...

Read More