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TAXES

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We offer a range of financial services in the Houston area, including income tax preparation, ITIN application assistance, and tax filing for individuals and businesses. Our team is dedicated to ensuring accuracy and maximizing your returns.

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Let us help you navigate the complex world of taxes and finances with ease.

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We can prepare, assist/apply with ITIN, calculate, and files income tax returns for yourself and/or your businesses behalf in the Houston Area.

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ITIN Number, we would need you to provide:

  • Valid Original Passport

  • 1 type of bill with your name/ address (Electricity, Telephone, Bank Account, Rental Contract, or Car Insurance)

  • 1 Passport size photo

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ITIN Number for minors:

  • Valid Original Passport

  • Proof of School (Report Card)

  • Vaccination Card

  • Birth Certificate

  • 1 Passport Size Photo

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With a sufficient understanding of tax law, we review all of a client’s personal information, including Social Security numbers, income statements, and personal and business expenses, to determine tax deductions or credits. 

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  • W-2

  • 1099 NEC

  • 1120C

  • 1120S

  • 941

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Contact us today for personalized assistance tailored to your specific situation.

Core 
Functions

01

Filing Requirements and Status

  • Filing Requirements: Determining who is required to file a tax return based on income thresholds, age, and other factors.

  • Filing Status: Identifying the correct filing status, such as Single, Married Filing Jointly, Head of Household, etc., which affects tax rates and standard deductions.

  • Dependents: Accurately identifying and claiming eligible dependents, as this can affect deductions and credits. 

03

Deductions and Credits

  • Standard Deduction vs. Itemized Deductions: Determining whether to take the standard deduction or itemize deductions, choosing the option that results in the lowest tax liability.

  • Tax Credits: Identifying and applying eligible tax credits, which directly reduce the amount of tax owed, such as the Child Tax Credit, Earned Income Tax Credit, and Saver's Credit.

05

Due Diligence

  • Ensuring Accuracy: Taking steps to ensure that the information reported on the tax return is accurate and complete, including questioning any unusual items.

  • Researching Questions: When in doubt, conducting research or seeking assistance from experienced professionals to clarify tax laws and regulations.

  • Advising Taxpayers: Providing taxpayers with information and advice to ensure correct tax form completion and to plan for future tax obligations. 

02

Income and Adjustments

  • Income Reporting: Understanding various types of income that need to be reported, including wages (Form W-2), interest, dividends, retirement distributions, and self-employment income.

  • Adjustments to Income: Recognizing and applying allowable adjustments to income, such as deductions for student loan interest or contributions to retirement accounts. 

04

Tax Computation and Penalties

  • Tax Computation: Calculating the tax liability based on the adjusted gross income, deductions, credits, and tax rates.

  • Penalties: Understanding potential penalties for incorrect or late filing. 

06

Form 1040 and Related Schedules

  • Form 1040: Understanding the structure and components of the Form 1040, which is the main form for individual income tax returns.

  • Schedules and Forms: Identifying and preparing the necessary schedules and forms based on the client's information. 

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