Students Filing Taxes

Once a year, people scurry around to collect all of there years earnings, sales, donations and more to figure out there taxes. Taxes are something that many older Americans are very familiar with since it is required by law to file them. Whether it be a person that works from home, runs a business or works for one as a contractor, everyone that makes money is required to file for taxes which are due on April 15. Many people however, start the filing process months before, so that way if there are any errors that need to be fixed, they can be before the deadline. For those that keep all of their paperwork organized, by turning it into digital copies, are able to get through all of their filings pretty quick since they don’t have to worry about finding everything. By saving everything to a network or your computer you can easily access it and have it sent to the IRS without having to mail anything over. For those that don’t keep track of their paperwork, filing taxes may take longer. Some people finish their taxes in as little as a day, where as it may take others weeks to collect all of their data and submit it.

As more and more students start working in the field, they don’t seem to realize how important it is to keep track of their finances unless they are finance majors. Even though students may be going to school, and working, taxes are still mandatory, and if they aren’t being filed by the students parents, the student is responsible for them. What many students don’t realize is that if they do not file their taxes one year, it will still be due the next year and just pile up which means more work for them in the end.

Whether a student is working as an employee for a company, a freelance contractor, or running his or her own small business, taxes need to be paid by everyone. Luckily for students, if they paid for their college tuition, it may be possible for them to get tax deductions. There are many things that may count for a tax deduction and by going to a tax consultant in San Antonio many of the college students in the area can get the proper advice as to how to go about filing their taxes. San Antonio may have quite a few tax services, but for the best tax services in San Antonio you need to look at Defendtaxpayer.com. For tax services in San Antonio, they would be able to provide you with the best service. They would be able to help students save huge amounts on their taxes, and ensure that they are filed properly to avoid fees and penalties.

Tax services in San Antonio would be able to help a student organize all of their old paperwork and earning reports ensure that the right data is submitted for the maximum refund when tax time comes around. By finding the right tax consultant in San Antonio you can sit back and let a professional take care of your taxes for you while you spend time on more important things such as the exams that you may have coming up!

Everything from the gas you spend on meeting clients, to the home office you created just for your work, tax experts can help you find everything that should be included in your tax work and by letting someone do it for you the first time, the next time you will be more prepared with all of your paperwork. This way when you go back to the tax consultant in San Antonio, you wont have to spend time going over all of the paperwork with him or her. Instead, you can just submit your paperwork and be on your way!

16Sep, 2014

Taxes in San Antonio Texas

Texas has become a hotspot for students and professionals alike. By offering quality education with the top institutions such as Rice University and University of Texas, to top medical hospitals for jobs in the health sector, the young professionals of our generation have started to swarm Texas. The increase in jobs and population has benefited the Texas economy greatly.

The Taxes gained by the state and school districts helps the community immensely by improving the roads, schools and keeping the area safe. This is why it is important to make sure that your taxes are done properly. Finding a tax service in San Antonio may seem difficult with all the options available. Defend Tax Payer is a great company that has proven to help their clients get their taxes completed properly and on time.

Taxes are important for everyone. From a single business owner, and single mother, to a student or just a normal employee, tax rates are different for everyone depending on the area you’re in. At times if you don’t pay enough taxes, you can be penalized even if you weren’t aware of your mistake, as for those that pay too many taxes, a tax service company can help you avoid those types of mistakes.

To find a tax consultant in San Antonio, DefendTaxPayer.com will provide you with all of the information that you need in order to get your tax benefits while helping your local community grow. It doesn’t take very long, and by letting an expert handle your finances with the IRS you can save yourself countless hours since the experts know what to look for. After doing this as a profession they have a knack for finding things you may miss or correcting errors that you may have made to help you quicken your tax filing process.

The IRS is very strict when it comes to filing taxes, but at the same time is fair to everyone that follows the rules and regulations. By consulting with a tax expert, you know what you can do to avoid getting penalized and getting everything done efficiently, which can be handy for companies that need to file for taxes on a quarterly bases.

Whether it be a personal tax filing for you, your spouse, or your business, remember that it is important to have everything verified by a tax expert. A consultant will not only save you time and money, but will give you a piece of mind so you can enjoy the other pleasures of life.

12Sep, 2014

Tax Services and Tax Consultants

San Antonio, Texas is a great state and many people move here for economic opportunities. From affordable land to great jobs Texas has much to offer. It has had boom in the technology sector when it comes to jobs which has helps many people make enough money to buy homes, and send their children to great schools in the area which are affected by how much money the residents make due to the taxes.

Taxes are very important in Texas and similar to those in other states. No matter how much or how little money an individual may make in Texas it is required for them to report it to the IRS. For example whether you are a college student making $10-$15 thousand a year, or a business professional making over a million; the taxes must be reported properly. Finding a tax consultant in San Antonio is not very hard since there are so many tax services in San Antonio. However, finding a tax service in San Antonio which will save you the most amount of money possible, and get all of the tax information submitted properly is a bit harder to find.

Many times tax services will do the basic filing for you, which will report your taxes but may not get you the maximum refund you’re allowed. This is because many tax services are just trying to get you to fill out your tax forms and submit them via the company so they can get a cut. One tax service that you can trust to do your filing properly with the most benefits is Defend Tax Payer. Their number one goal is to ensure that your taxes are filed properly and that you receive the maximum refund.

From students to parents, and even those living by themselves at home there are tax credits available for everyone. For example, if you are a mother of 3 you will get tax credits. If you are a student paying for college, you will get tax credit. Even business owners that file taxes are eligible for tax credits for acts such as donation to charities.

Find a tax consultant is very important because not only can you get penalized if your taxes aren’t done properly, but by getting a good tax service company, you can end up saving more than you would owe. This is because Defend Tax Payer tax consultants know the ins and outs of this process and have been doing it for years. So the next time you need a tax consultant, remember to choose the company that puts your needs first.

9Sep, 2014

How to Avoid Getting Audited

The IRS filing an audit is actually a pretty rare feat, but if it does happen you’ll be in for a harrying ride. Regardless of whether you’re in the right or wrong, it’s probably in your best interest to avoid an audit at all costs- so here are a few of the best ways to drastically reduce the odds that the IRS will come knocking on your door:

1. Be Honest

There’s a time and a place for trying to find loopholes, but when it comes to reporting income, deductions or credits, being honest is probably going to save you a lot of time, money, and explaining. Obviously there’s a chance you could get away with lying about your statements, but taking that risk could jeopardize plenty when you get audited. You should be prepared to provide evidence regardless of whether you work for a company or you’re self-employed.

2. Double Checking

When IRS agents look at your returns, the first thing they’ll look at is your data entry. Most of the time, you’ll have your figures right, but even a small slip up can bring the IRS to your door demanding an audit. Fortunately, double checking figures is actually a pretty easy task. If you’re using a software, they generally have checking criteria built into their coding, but if you’re filing a return on your own, it’s best to wait for all of your statements to come in before filing. After you’ve filled out all the pertinent data, you just need to see if the data matches. Then you’ll be good to go.

3. Understand Deductions

Auditors love to look at the deductions you may or may not have noted when you file a tax return, so knowing how to properly claim deductions can save you an audit. Legitimate business expenses can be considered deductions, like taking a client out for lunch.

4. File Electronically

Paper returns on average tend to have a higher rate of error when compared to electronically filed tax returns. Thus, if you really want to avoid an audit, it’s probably in your best interest to e-file. The Internal Revenue Service maintains that filing returns electronically can “dramatically reduce errors,” lowering the odds of an audit.

Regardless of how many preemptive measures you take to avoid getting in trouble with the IRS, there’s still a chance you could be audited. If it happens and you’re in the wrong, you’ll need an experienced team of tax consultants to help ease you along the complicated set of guidelines and options available to you. The Defend Tax Payer has a wealth of knowledge dealing with nearly every tax scenario and can help you get back on your feet. Your future is brighter with the Defend Tax Payer!

6Sep, 2014

Top Tax Myths

Although tax day for 2014 is officially over, it’s never too late to look at taxes. Every year, thousands and thousands of people get into trouble with the IRS over unfiled returns or via audits- nobody wants a financial death sentence on their hands- so it’s a great idea to look at some of the most commonly held beliefs regarding taxes and why they might be doing you a lot of harm.

“Voluntary” Taxes

Some people argue that within the tax code there is a caveat that renders paying taxes voluntary. This couldn’t be farther from the truth. This doesn’t mean that paying taxes is voluntary, but rather that individuals are responsible for paying the correct amount.

The IRS Will File Your Return

Very much like the thinking above, many people claim that the IRS is legaly obligated to file a return from you. This, unfortunately, isn’t the case and will ultimately leave you very angry. The IRS may determine to file a return for you if they suspect fraud, but otherwise, you’re on your own.

Working From Home

A few decades ago, when home offices were fairly rare, the IRS was very likely to single out people who worked from within the confines of their home for an audit. These days, since home offices are highly common, claiming a tax deduction won’t automatically bring the IRS to your door. There’s no real need to be worried unless your home office doesn’t fall within what the IRS defines as a home office.

Illicit Activity

A commonly held belief is that illegal earnings aren’t taxable- however, the IRS couldn’t care less what crimes you commit. Drug money, blood money, embezzlement, and legal earnings are all the exact same to IRS agents. All they care about is that you file a tax return on your income so the government can make some money. But just because it’s taxable doesn’t mean the cops won’t come banging on your door.

Internet Money

Why would you have to pay taxes on internet earnings? Even though all internet earnings aren’t illegal, the logic is the same as the above myth. The IRS doesn’t care where your money came from- the only thing that matters is that you pay your portion of fees back to the government (as long as you make more than $400).

My Accountant Will Take Any Blame

Ultimately, hiring an accountant is your prerogative, but make sure you hire a really good one because if they make a mistake, you’re responsible.

You’ve probably heard one of these myths uttered, and it might have caused you to file late, not even file at all, or even file wrongly. So know this, it’s in your best interest to get in contact with a quality tax consulting firm if you’re in any trouble with the IRS. The Defend Tax Payer’s 35+ years of tax experience can help you out of any hole and into the future. Call them today to start to get a fresh start!