File tax in Houston, Texas - Income tax services

How to file tax in Houston?

Did you always wonder how to file my taxes? Filing income tax returns can be a bit overwhelming for most. Definitely, don’t hesitate to contact us if you plan to file tax in Houston.

In addition, if you plan to prepare and submit your taxes. First and foremost, the electronic filing option has made filing taxes much easier. However, it can still be difficult to know where to start. Just as, some people have a complicated tax situation, such as rental income or capital gain. So, if I learned how to file my taxes, so can you. Read on to learn how to do your taxes.

Seven Tax Preparation Tips

- - Figure out if you need to file a tax return first. By law, you must file federal income tax returns if you are a citizen or resident of the United States. Also, your marital status, age, filing method, and your income affects your tax bracket. Unless you don’t work at all and if you are off the government benefits, most people must file taxes. Also, it’s a good idea to file taxes, so in return, you can recover any withholdings you paid during the tax year.
  - As a rule, generally, dependents don’t have file taxes. A dependent is still may need to file taxes if they earn more than a certain amount in the tax year. If you are dependent and do not earn more than $ 6,200 in the tax year, then you don’t need to file taxes. If you earn more than $ 6,200 in a year, you must report your income. Also, if you receive more than $ 1,000 in unearned income during the tax year, you are required to file taxes.

What filing status should I file my Tax?

- - Third, find out your most beneficial filing status. before doing anything else you want to determine your filing status. In spite of, what unknow professionals might say, if you cannot figure out your tax status, you will have a hard time filing taxes by yourself. Additionally, if you are not sure what your filing status should be, there is a quick questionnaire available at the IRS. In that case, that information can help you choose the right status.

There is five possible filing status to choose from:

Single
Married filing jointly.
Married filing separately.
Unmarried head of household.
Qualifying widow or widower with a dependent child

- Gather all your documents and get organized: How to file my taxes is also about your level of personal organization. For the most part, it will help make your taxes and the process smoother. Before you start, gather the information needed to file your taxes. Items such as W2s, interest statements, school taxes, property taxes, receipts, and other relevant information. you should also have a copy of your previous year’s tax return if you filed one.

What are form w2 and 1099 in taxes?

Form W-2: You will need the information on this form to file your tax return. In short, if you are an employee, you should receive Form W-2 from your employer by the 15th day of February. Your employer is obligated to provide or send W-2 to you no later than the 31st day of January. If you do not receive the form by February 15, obviously you must contact your employer.
Form 1099: If you are getting contractor income, you will get a form 1099. For example, if you receive a taxable income of $600 or more during the year, the payer must provide or send you Form 1099 no later than 31 January of the tax year.

Choose the right tax preparation form

First find our if you can use the form 1040EZ. You must use one of three forms to file your Return: Form 1040EZ, Form 1040A or Form 1040. Form 1040EZ is the easiest to file, but you must be careful when using this form, if your income is close to the maximum level of $100,000, you cannot claim itemized deductions on the 1040EZ, so the closer your income is to the maximum, the more you run the risk of excessive pay taxes because you cannot claim deductions. Use Form 1040EZ if you meet all the following conditions:

Who can use the form 1040EZ?

- - Your filing status is single or married filing jointly.
  - You (and your spouse if applicable) were under 65 and were not blind at the end of the current year.
  - You do not claim any dependent.
  - Your taxable income is less than $ 100,000.
  - Your income is only from wages, salaries, tips, unemployment benefits, taxable scholarships, and fellowship grants, the taxable interest of $ 1,500 or less.
  - You do not claim any adjustments income, such as a deduction for IRA contributions or student loan interest.
  - You do not claim any credit other than the earned income credit.
  - You do not owe any household employment taxes on wages paid to a household employee.
  - If you earned tips, they are included in the boxes 5&7 of the W-2 form.
  - You are not a debtor in Chapter 11 Bankruptcy Case.

1040A or 1040

Find out if you can file the form 1040A. If you are not eligible to use Form 1040EZ, you can use Form 1040A. 1040A allows you to declare the most retirement income. Such as pensions, annuity payments, taxable social security, railroad retirement benefits, and payments from your IRA. However, remember you cannot itemize using Form 1040A. If you have deductions that can be itemized, you must file Form 1040. Use Form 1040A if you meet all the following conditions:
- - Your income is less than $ 100,000
  - You claim income adjustments for the following items:
    - IRA deduction.
    - Students loan interest’s deduction.

Contact Green Tree Tax when you need to file tax in Houston

At Green Tree Tax we are experts in filing income taxes and report them to IRS. We are in business for more than 5 years and know exactly how it is done. Whether is corporate tax preparation, individual taxes or IRS audit help, we are ready to help. Let’s make the IRS run for their money.