3 Common Tax Misconceptions In San Antonio, Texas

The self-reporting US tax system isn’t the most straightforward of tax systems, and although the IRS does a good job at providing extensive online resources for tax payers, there are still many tax misconceptions among residents of San Antonio. As a provider of tax services in San Antonio TX, we at Defend Tax Payer consider it our duty to try to dispel some of these misconceptions in order to make tax preparation and payment easier for our customers, as well as for San Antonio residents in general. Without further ado, here are 3 common tax misconceptions in San Antonio.

The US government automatically deducts the appropriate tax from my salary, which means that my only tax-related legal obligation is to prepare FORM W-4

False. Although FORM W-4 tells your employer how much tax money to deduct from your monthly salary, the true amount of tax money you own may turn out to be by the end of the year a bit more or a bit less than the deducted sum. Filling an accurate income tax return at the end of the year is therefore required. The IRS will compare the numbers on your FORM W-4 with those on your end-of-year income tax return and decide whether it will deduct additional tax money from you, or give back a part or even all of the money initially withheld.

Everyone can use the simplified FORM 1040EZ to file for income tax

False. The IRS developed FORM 1040EZ specifically for residents of the United States. Two other categories that can use this form are permanent resident aliens and residents for tax purposes. If you are not (yet) a resident of the US, or belong to the other two categories, then you can file the 1040NR EZ form, which is more straightforward than the traditional 1040NR form and can be filled quicker. A tax consultant in San Antonio can help you do so.

If I am a graduate student and my teaching or research position as an assistant within the university pays for my tuitions and other fees, I don’t have to pay any taxes

False. According to US law, graduate assistantships are taxed. The IRS considers the tuition and other fees that are paid for you (as well as living expenses, if that is the case) as financial gain received for the work you do. If you are a student following a graduate assistantship and are not sure about your tax status, you may want to contact a tax consultant in San Antonio.

Whether you are a full-time employee, a student, or a business owner, if you are unsure about your tax status or have run into problems with the IRS, we at Defend Tax Payer have a dedicated team of experienced legal workers who can help you with professional tax services in San Antonio, TX. Visit our Services page to find out more, or call us at 866-489-1670.

22Jun, 2015

How to Deal With Payroll Taxes

When payroll taxes are not properly calculated and duly paid, small businesses can get into serious trouble with the IRS. Fortunately, tax services San Antonio based, such as those provided by Defend Tax Player, can come to the rescue of small business owners who are facing tax problems.

If you are a business owner, you must withhold the due taxes from every paycheck and then remit payroll taxes to the IRS every quarter of the year, in March, June, September, and December. It is up to you to do the math and determine the amount of the federal income tax, social security tax, and Medicare that must be withhold from the paycheck of every employee. Even small, local businesses with a handful of employees must do this.

The Dangers of Not Paying Payroll Taxes

Failing to remit payroll taxes can cause your business serious problems. These problems usually begin with penalties and interest on back taxes, which can add up quickly, making it more and more difficult for you to sort your payments. Because IRS is keen on making small businesses pay their taxes, not paying them quarterly can get your business into trouble. Before you know it, unpaid payroll taxes can lead to a huge tax debt and even the loss of your business.

Small Businesses and the IRS

Some small business owners who do not pay their payroll taxes on time may believe that the IRS will not penalize them, or that their business is too small for the IRS to bother with them. This happens because the IRS does not always notify businesses right away in regard to unpaid payroll taxes. The IRS has so much work to do that it may take months before they send their notices and warnings. No small business owner, no matter how clever, can avoid paying payroll taxes for long.

Some small businesses can get into trouble with the IRS over payroll taxes without having done anything wrong. Calculating and preparing payroll taxes isn’t always a straightforward process, and sometimes a small business may get the figures wrong, or not pay quickly enough. The IRS may then interpret these mistakes as a deliberate desire to eschew taxes, and then the small business owner can be in a fine pickle.

Tax Services In San Antonio Can Help

Here’s were professional tax services kick in. A professional and experienced provider of tax services, such as Defend Tax Payer, which acts as a tax consultant in San Antonio, offers small businesses that get into trouble with the IRS the payroll tax help that they need to clear the situation. As a provider of tax services San Antonio based, Defend Tax Payer can help you bring your taxes up to date as soon as possible, before the IRS sends you a notice concerning your back payroll taxes. Whether you’ve had problems with the IRS in the past or not, Defend Tax Payer can use its vast experience of over 45 years in dealing with tax-related problems to solve your tax problem before it threatens your business, your financial security, or even your liberty. Call now Defend Tax Payer at 866-489-1670.

14Apr, 2015

Reasons to get a tax consultant

This month taxes are due and there will be quite a few people that will be behind on their taxes or still not sure as to what they need to do. For that reason it is important for them to get a tax consultant.

As the deadline for taxes is right around the corner, there are many people that are relaxing since they had taken care of their taxes early on in the year and have already settled their taxes with the IRS. There are quite a few people that can benefit from going to a tax consultant for help if they need to resolve their IRS issues.

There are quite a few issues that can arise when doing your taxes. From first time students filing their taxes as independents to new business owners that have no prior experience there will always be something that a tax consultant can do to make your whole tax process much smoother.

For a student that is filing taxes for the first time is can be quite confusing when going through the forms by themselves and they can very easily miss information or put the wrong information down. When mistakes are made it can take longer to finish your taxes which can make you miss your deadline and result in fines or penalties.

There are quite a few tax consultants in San Antonio so it may be hard to find the right one to go to when it comes time for you to actually submit your paperwork to someone. Luckily Defend Tax Payer has many experienced tax experts in San Antonio and Chicago that are ready to help you resolve your IRS issues.

Some issues which people may have is dealing with back taxes. When taxes are due to the irs it can be difficult negotiating with them and many times it’s better to have a tax consultant go over your paper work and deal with all of the hassle. If you owe more than $10,000 then it is usually best to let the tax consultants to deal with it.

With their experience and know how they’ll be able to ensure that you don’t have to worry about anything and that you don’t’ have to deal with the IRS or any of their penalties. By getting a tax consultant you can always ensure that you are filling out your taxes properly and that you are getting the maximum refund or deductions.

In the Texas area, for a tax expert or a tax consultant in San Antonio, Defend Tax Payer will have a consultant always waiting to help you our 24 hours a day 7 days a week.

Remember that if you need to get a tax consultant to help you with your taxes you need to call Defend Tax Payer.

23Dec, 2014

Tax season is around the corner

With the holiday season keeping everyone busy, they seem to distracted by the fact that it is almost time for them to start preparing for taxes. Most people will be receiving their tax forms in a month or so and once they do, filing them on time should be their top priority.

With people so busy focusing on Christmas and New Year celebrations, they seem to have forgotten that taxes are right around the corner. It is not bad to relax, and let it slip your mind for a while during the holiday season because this is the time of the year when many people are able to relax quite a bit and the last thing they want to think of during a holiday party or dinner is their taxes which will be ready to file in roughly a month. However, taxes should always be dealt with properly, whether you file them yourselves or let a tax company handle them for you for quite a few reasons.

First off, if you are filing taxes yourself, by getting an early start on them you can finish up pretty early with enough time left to go over them. By fixing errors on your filing you can avoid being penalized by the IRS or having to redo them and make changes later. There are quite a few tax companies out there offering tax services but you should make sure to go to a reputable on before handing over your paperwork. For those looking for tax services in San Antonio, it is usually quite difficult to find a reputable company with good reviews. The same goes for individuals looking for tax services in Chicago or a tax consultant in Austin.

These three places are where Defendtaxpayer.com specializes in since they have offices and tax experts waiting to help you 24 hours a day 7 days a week. With a growing business with tax services and consultants to fit everyone needs, their number one goal is to keep their clients pleased. Whether you are looking to have them actually file your taxes, do your book keeping or help you with back taxes problems, they are able to handle all of your problems for you.

The downside of not doing your taxes on time are quite big. From IRS penalties to lien and levies, the IRS can take hold of your assets which can be quite a hassle and very frustrating. Before this happens you should come to defendtaxpayer.com and let the experts handle your issues for you so you don’t have to stress out and worry about what will happen. With the best tax consultants in the country they will be able to solve your problems and let you be on your way with the best advice you can receive.

Remember that taxes are not something that should be taken lightly as they can cause quite a bit of trouble for you if you do not follow the rules and do them the proper way.

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.