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Showing posts from August, 2020

Check Out Our Article The Different Tax Forms

What is the Difference Between Form 1040 vs 1040-EZ vs Form 1040A  When it comes to taxes, most people want to keep it as easy as possible.   To make it even easier for you, we’ve made a quick blog post on the differences between forms What is a 1040-EZ? The 1040-EZ form is the easiest of the three tax return forms (1040, 1040A, 1040-EZ) is a simple 2-page form that you can fill out. However, keep in mind you will not be able to itemize deductions and must meet various criteria such as having taxable income under $100,000 and both you and your spouse (if you file jointly) are under 65 on January 1st for that tax year.  What is a 1040A? As your life becomes more complex (e.g., the addition of kids) so does your tax situation. However the form 1040A is a gradual step-up (in terms of complications) from the 1040EZ, and a step below the traditional 1040. What is Traditional 1040? If your taxable income exceeds $100,000/year and you plan to deduct certain items from your Adjusted

Accountants in El Paso, TX

CPA Firm Serving El Paso, TX Are you looking for accountants in El Paso, TX? Having trouble with taxes, or suspect that you're the victim of financial fraud? Give a CPA from our firm a call at (915) 775-1040 Tax Services El Paso If you have any questions on taxes such as the difference between 1040a an 1040  then visit our website to find out our latest tax resources. Or you can reach out to ask about any particular tax service requests. Tax Planning  Looking to save for retirement, or to pay for your child's college education? At Marcus, Fairall, Bristol + Co., PLLC we're no strangers to the vast tax saving strategies such as splitting income and deferring tax liabilities. We've utilized these, and many more, techniques to help save you money and to best utilize your income. Call us for a free consultation. Tax Problems and Resolutions IRS worries keeping you up at night? We're not doctors, but we'll help you sleep better! With our accountants being well train