Tax Filing Services in El Paso
Professional Income Tax Guidance and Assistance
With our tax filing services, we help you stay updated and ready all year with our year-round services. Tax season tends to sneak up on people. Life is busy, and before we know it tax forms are arriving in the mail. At R&R Tax Services, we like to inform and educate our clients, so that you better understand the process and what is needed. We not only take care of the heavy-duty paperwork, but we also guide you and answer any questions you may have.
Why Income Tax?
Income tax is the revenue that the government collects from individuals and small businesses in order to fund social services, government services, government obligations, and provide goods for citizens. Depending on your income and circumstances, you might be eligible for an income tax refund at the end of the year.
Our Tax Filing Services Services — How We Can Help
As a professional tax office, we offer a variety of services year-round from professional accountants and payroll experts. When it comes to tax services, we can help you with:
- Tax preparation
- Tax filing
- Tax issues or discrepancies
- Tax review
- Questions regarding filings or IRS letters
- Bookkeeping
- Payroll
Common Preparation for Upcoming Tax Season
Every year, people go through the process of preparing their taxes. This means gathering necessary and important tax documents. Your income tax return might depend on the accuracy of the filing. Depending on your income, job, property, debt, and other factors, your documents will vary.
Common documents to gather include:
- Social security numbers of yourself, spouse, or any dependents
- Copies of last years tax return
- If looking to get direct deposit, you’ll need your bank information and account number
- W-2 forms
- 1099-C, 1099-G, 1099-MISC, 1099-R, 1099-S– these forms pertain to cancellation of debt, unemployment income, independent contract work, IRAs, income from the sale of a property, etc
- Alimony received
- Business or farming income
- Prior year installment sale information
- Miscellaneous income
- Moving expenses
- Alimony paid
- Self-employed health insurance
Common Misconceptions About Filing and Taxes
Misinformation can spread quickly, and sometimes long-held misconceptions carry on despite debunkings. There are many misconceptions regarding your taxes. Here are the most common we see:
This is a common misconception. Extensions simply extend the time a person has to file, but if you owe taxes, the deadline remains.
Sometimes people are surprised to know that they owe the IRS more money than they bargained for. In this situation, many people decide not to file at all. This is a bad idea. The IRS will eventually reach out to you. There are payment plans you can set up to remedy this problem.
We know you love your dog. Although we hold our pets in high esteem, they are not considered dependents by the IRS
Just like with everything we do, we hold ourselves to the highest standards of ethics and accuracy. Our goal is to provide an accurate tax filing so that you’re squared away and have nothing to worry about. IRS troubles are no fun and we help you avoid that. Your income tax return is important, as you might expect the funds for important expenditures. As our client, we will inform you and explain your particular circumstances and how they may be affected by certain changes or legislation. We’ll work closely with you so you know your deductions, credits, and understand the results better.
As tax experts and payroll professionals, we can help you find your taxes accurately. Call us today at 915-500-4007.