Understanding Tax Laws in Houston, Texas
Understanding tax laws can be complicated and take time as well as require some patience. There are complicated rules and regulations that must be followed, but there are some very basic principles of our tax system that will help you make sense of these complex guidelines.
- Taxes are in place to help pay for things we all use everyday like roads, our military, national parks, and hospitals.
- Everyone in the US is required to pay taxes. The amount of taxes you pay is based on your income. The more you earn, the more you pay.
- For most people, taxes are withheld from your paycheck every month, so you actually pay your taxes throughout the year. At the end of the year, you essentially are asked to complete a calculation to determine whether you have paid too much over the course of the year or too little. This determines whether you receive a refund at the end of the year or must pay your outstanding balance. This is due to the government by April 15th each year.
- You are legally responsible to submit a tax return every year. The IRS can take legal action against you if you do not file and/or submit inaccurate information on your tax return.
There are many valuable and reputable online resources that you can consult for specific questions you might have about your taxes. The IRS website has an extensive amount of important information and is easily accessible. This website offers links to important tax forms, information on current topics, links to respond to inquiries made by the IRS and resources for the Spanish speaking community. In addition, you can check on the status of your annual return (or refund) via the IRS website (by clicking “Where’s My Refund?”).
Your employer can also provide you with very important tax information including your W-2, your withholding status, your pay stubs, and retirement information.
Tax firms can be a critical part of the tax preparation process. Tax firms can handle a wide variety of tax issues including routine tax preparation, settling back taxes, audit appeal and representation, offers in compromise and installment plans, and helping customers fight liens, levies and wage garnishments.
Success Tax Relief
Success Tax Relief is a full service tax firm that has been helping customers understand tax laws in the Houston, Texas area for over 30 years. Our strong and responsive team of tax professionals are standing by waiting to help you solve whatever tax problem you are facing. Our tax experts have success working directly with the IRS on our customers’ behalf, often settling complicated and difficult problems in ways that reduces the amount owed to the IRS. We have saved thousands of dollars for our clients over the years and would like to help you. We know that tax preparation and problem solving is, well, taxing! We can help take the pressure off and provide you and your family with relief, once and for all. Do not delay… call Success Tax Relief today at 1-877-825-1179.