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Fast way to make your taxes from home with Web Organizer, we will work while you rest. (Bookkeeping - Financial - Consulting - Tax)
From our old location take Cutten Rd. Southbound after passing Wal-Mart, make a right on Cookrom Rd. we are located in the building complex right after passing Wal-Mart.
12810 Willow Centre Dr. Houston, TX 77066-3037
Phone: (281) 397-7777 < Click >
FIRM'S PHILOSOPHY
We at 1040+ Quiality Tax & Financial Services believe in service and the value of relationships. It is a win/win situation when all our clients are happy with our work. We view every client relationship like a partnership, and truly believe that our success is a result of your success. We want to be your "One Stop Financial Resource Center".
We are committed to providing close personal attention to our clients. We have over 75 years of tax and financial services. We take pride in assuring our clients that our expertise is the direct result of advanced training, technical experience and financial acumen derived from rendering tax, bookkeeping and financial advice for thousands of business clients. Our continuing investment of time and resources in professional continuing education, state-of-the-art computer technology and extensive business relationships is indicative of our commitment to excellence.
Our firm is located at the North Houston area, with a staff that fluctuates between 50 to 150 employees. During tax season, we contract with professional tax preparers to better serve you and to handle the most sophisticated and technical tax matters.
Our office's staff include an experienced financial / tax preparer and an experienced insurance agent.
Amending Prior Year Returns
Procedures for Having Prior Years' Tax Returns Reviewed for Possible Amendments
I will fulfill all of your income tax services from my office. Documentation relating to audit notices is the only paperwork should be sent to the Corporate Office.
The review of past tax years' returns is a service offered by ATPN members to IMAs. IMAs that have operated home businesses in years prior to joining us have benefited from this service. The Tax People require a $33.00 per tax year deposit towards the review of one or more past year's returns (i.e., to review three returns, the affiliate will need a $99 deposit). Please make your check payable to Becker's Tax Service.
If, after reviewing your Tax Return, I determine that you will likely be due a refund, I will prepare the amended return(s) for you and apply any deposit toward the final preparation cost. If it appears likely that you will NOT be due a refund, your deposit check will be returned to you, as no amended return will be prepared. I encourage you to discuss all fees before authorizing any tax return preparation work.
Before making an appointment with my office, you must complete the following steps so that I can amend your past tax returns:
Complete a Tax Organizer for each tax year you want reviewed by my office. Plainly mark the appropriate tax year, in large numbers, on the front of each Organizer. In the Tax Organizer, record all information that will help me complete a thorough review of your return(s). Include only information for one year in each Organizer.
Make a photocopy of the completed Tax Organizers for your records, as well as photocopies of any documentation or records that you give to an affiliate. Do Not Send Originals. Have your originals in hand when discussing your records with me. This will improve communication and expedite the process, saving everyone time and money.
Preparation of New Returns
The IRS Has Made It Difficult For Your Accountant To Help You
05th September 2008
Author: Lance Wallach Golf Range Magazine June 2008
Every business owner thinks he pays too much in taxes, and in reality, most actually do. These days your accountant has to "play it safe". This is not reducing your tax bill. Many times a tax preparer's work on a typical return is subject to 'interpretations' of the tax code. New legislation may force preparers who hope to lower a client's tax bill to be less aggressive with respect to these interpretations, or else they may risk substantially increased penalties. Furthermore, if a tax preparer's client insists on an aggressive deduction, the preparer may include a form explaining the circumstances. This could eliminate the potential preparer penalty, but it is a certain red flag for the IRS. This should anger taxpayers who feel strongly about particular deductions. What's more, these penalties do not apply to taxpayers preparing their own returns. This could prompt a taxpayer to tell preparer: "who needs you; I'll do it myself ". The remainder of this article explains why your accountant is reluctant to be aggressive anymore, and is less likely to give you the benefit of the doubt on tax deductions. The new law alters the standard from a "realistic possibility" that a preparer's position will be sustained to a "more likely than not" standard, or more than 50% likelihood. Instead of paying just $250 if an interpretation is disallowed, the preparer will now be penalized the greater of $1000 or half the income derived by the preparer. Thus, if a preparer charges $500 to do a routine 1040, he or she faces losing the income on two such returns, and if "willful or reckless conduct" is found, the penalty jumps from $1000 to the greater of $5000 or half the income derived by the tax preparer. But if the taxpayer prepares his or her own return, these "crimes" may ring absolutely no penalty. another new wrinkle not sitting well with preparers expands these penalties beyond income tax returns to other tax work: estate & gift tax returns, excise tax returns, exempt organization returns, and employment tax returns. If an accountant allows a taxpayer to deduct what the accountant may think is a listed transaction, the accountant has to file a form with the IRS to alleviate a potential $200,000 penalty to the accountant. This form is likely to get the business owner audited. So what does the business owner do? He can forget about the deduction, prepare his own return, or he can retain an accountant that is not afraid to fight with the IRS. Unfortunately, all of these options are difficult or worse. The tax code is complex and very few accountants understand most of it. And the IRS has recently made the accountant a policeman. Most accountants are honest, knowledgeable and cautious. They try to do what is best for their clients, but the IRS has recently made that almost impossible. Also, every year, the tax laws are changed to one extent or another, and accountants are constantly challenged to remain current, knowledgeable, and proficient. In light of this, you may want to test your accountant's knowledge. You may want to ask him the following questions:
Why haven't I been using a 412(e)(3) 1 plan or a captive insurance company to reduce my taxes and other expenses?
Why haven't 2 I been using a VEBA to reduce my health insurance costs?
Am 3 I a good candidate for a double K to reduce my taxes and provide security for my retirement?
What strategies do you have whereby 4 I can legally deduct the cost of my life insurance?
Why haven't you given me a 5 copy of the IRS industry specialization report (which can be obtained free from the IRS) which shows the items that the IRS will be looking at in my industry: both with respect to who will be audited and what will be looked at in an audit, and this will provide me with a lot of other useful information?
Am I currently using any strategies 6 that the IRS considers abusive? I would be willing to bet that your accountant has little or no knowledge of the above (6) items.
Contact Information
- 12810 Willow Centre Dr. Ste. C
- Houston, TX 77066
- Phone: (281)397-7777
- Fax:(281)397-7443