Frequently Asked Questions

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Did you know that if you live in AZ, CA, ID, LA, NV, NM, TX, WA of WI, you live in a community property state?  Unmarried persons who cohabitate or live together in these states are considered married by state law and for Federal Income Tax purposes.  This is especially true if you have children together. Filing your tax return and not claiming married is illegal!  The only exception is if one or both are still legally married to another person.  In this instance if you claimed married you could be considered to have committed bigamy.

 

 

 

 
 

Frequently Asked Questions?

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Table of Contents

  1. Can I use my last pay stub to file ?
  2. How much does it cost to file ?
  3. What do I need to bring ?
  4. What if I receive another W-2 or 1099 after filing ?
  5. What is an Amendment ?
  6. Why don't we have a Flat Tax ?

Can I use my last pay stub to file ?

[No! The IRS requires that you have all W-2's prior to filing your tax return.

While it is true that you may file your taxes using a substitute W-2, this is only after all attempts have been made to obtain the actual form or forms from your employer and only after Mid-February. Tax Professionals and ERO's are required to have your W-2 in hand prior to submitting your return to the IRS.  Any tax preparer who tells you otherwise is not being truthful. 

Click here for more details from the IRS.]

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How much does it cost to file ?

[Our prices start at $65 for a 1040.  We charge additional per form attached to the 1040 and each form has a unique price per form.  For a more detailed cost estimate for your return, simply call us at 972-254-1776.]

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What do I need to bring ?

[When seeking a tax professional, you should remember to bring your wage statements including ALL W-2's and 1099's, as well as your identification including Social Security Cards for you and any dependents you will claim and a valid picture ID.  This will ensure a smooth and pleasant visit to our offices.]

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What if I receive another W-2 or 1099 after filing ?

[The importance of having ALL W-2's prior to having your tax return prepared is that failure to report all income could cost you money. W-2's and other income not reported during the current year may not be used during the next filing season. Omitted income must be listed on a 1040X or Amendment to the tax return year for which it the income was earned and reported. The amendment may result in additional refund or could cause you to owe additional taxes and or penalties. Contact us to determine how you may be affected.]

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What is an Amendment ?

[Form 1040X or Amended Return is used anytime an original return which has already been filed with the IRS needs to be corrected for any reason.  As mentioned above, the most common reason is because a taxpayer filed their return too early, resulting in additional income statements such as W-2's being received after filing.  Additional reasons may include adding or removing dependents from an original return, claiming additional tax credits or even changing the taxpayer, spouse or dependent's tax identifying number such as their SSN or ITIN.  Results of an amendment vary and could cause you to owe additional taxes or pay back part or all of the refund you already received.]

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Why don't we have a Flat Tax ?

[The Flat Tax and National Sales Tax sounds good on the surface. Did you know that you will probably pay more in the long run? That's right! Many taxpayers do not pay any federal income taxes or their tax liability is reduced by itemized deductions. The Social Security Tax and Medicare Tax withheld by your employer will not change. The only persons who benefit are those in the upper income bracket. The lower income and middle class taxpayers will carry the biggest burden under these two plans.]

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