1040 + Quality Tax Preparation & Financial Services, Inc

at 5625 Cypress Creek Parkway, Suite 321, Houston, 77069 United States

Prepare your Income Taxes, Bookkeeping, and Payroll Nationwide online from your home and pay less 281-397-3535 We are Professional Tax preparers and bookkeepers and are available to help you file your your taxes, do your bookkeeping and payroll, and answer questions about other financial needs. CLIENT SATISFACTION IS OUR STANDARD When you come in to 1040+ Quality Tax please like us on Face Book and Check in to our location and we will offer $10.00 off your tax preparation total invoice in addition to the 20% discount we give all clients.


1040 + Quality Tax Preparation & Financial Services, Inc
5625 Cypress Creek Parkway, Suite 321
Houston , TX 77069
United States
Contact Phone
P: (281) 397-3535
Website
http://www.tenfortyplus.com

Description

1040+ Quality Tax & Financial Services is a Full Service Bookkeeping, Payroll, Income Tax Preparation firm. Take the stress out of tax time with our quick and efficient service. Located in Houston, TX.

Opening time

  • Mondays: 06:00- 22:00
  • Tuesdays: 06:00- 22:00
  • Saturdays: 06:00- 22:00
  • Sundays: 06:00- 22:00
  • Thursdays: 06:00- 22:00
  • Fridays: 06:00- 22:00
  • Wednesdays: 06:00- 22:00

Company Rating

10571 FB users likes 1040 + Quality Tax Preparation & Financial Services, Inc, set it to 23 position in Likes Rating for Houston, Texas in Company category

Company category, Houston, Texas

All Dental Staffing of Greater Houston
Houston , TX United States

All Dental Staffing focuses on the staffing needs of dental offices throughout the the Houston area. We are the only agency with clinical dental experience that pays employment taxes on temporary dental staff.

Interlinked
Bank of America Center, 700 Louisiana Houston , TX 77002 United States

Interlinked is redefining how investments are delivered, using our expertise to power next-generation Capital Raise Automation Systems and signature PR Services.

Boat Reclamation Services.com
Houston , TX 77265 United States

Boat Reclamation Services is a full service boat removal company specializing in the removal of abandoned boats, damaged boats, and unclaimed boats.

Tax Season is coming. Now is the time for year end review to make sure you are able to take any deduction you are entitled too.

Published on 2014-11-13 14:40:05 GMT

We are preparing preliminary tax returns now. The official date to begin filing is January 20, 2015. We are open 6am to 10 pm seven days a week. No return is too easy or too complex. Call for your appointment now 281-397-7777 You can deduct the cost of your tax preparation from your refund. Refund anticipation Loan up to $3,000 if you qualify.

Published on 2015-01-06 17:39:25 GMT

Tax Tip Alimony can affect your tax return Did you receive alimony in 2013? You're probably aware that alimony you receive is taxable income. However, determining what's considered alimony may not be as simple as it appears at first glance, because you can receive several types of payments when you divorce or separate from your spouse. For example, say your agreement includes a noncash settlement such as a house. That's not alimony, and generally is not taxable to you. Voluntary payments made in addition to, or without benefit of, a written court document are generally not alimony, either. So what is alimony? Alimony is broadly defined as payments you receive in cash from your former spouse under a divorce decree or separation agreement. The payments can't be treated as child support or property settlements in the terms of the legal document, and they must stop at death. Other requirements include living in separate households and not filing a joint federal income tax return. When you're sure the payments you receive are alimony, you'll need to report them in the year of receipt, using the standard Form 1040. You're also required to provide your social security number to your ex-spouse, and you could have to pay a penalty if you refuse. Please give us a call to discuss the effect of alimony on your tax situation. We can help you plan your financial future. Joseph C Becker, CPB, MBA, CQP Ten Forty plus Quality Tax Preparation & Financial Services www.tenfortyplus.com 281-397-7777, Fax 281-397-7443 joeb@tenfortyplus.com

Published on 2014-05-29 13:29:52 GMT

1040+ Quality Tax is open from 6am to 10pm every day. We can do a preliminary return for you now. The first day to file your taxes is January 20, 2015. Why pay double the cost to have your taxes prepared? We are open all year round providing Income Tax Preparation, Bookkeeping, Payroll, and other Financial Services. Have your tax Preparation fees deducted from your refund. Refund Anticipation Loans Available up to $3,000.00 if you qualify. Qualification based on your tax return. No Return is too easy or to complex for 1040+. We are the Small Business Experts. No return is too complex is too easy for us. 20% Discount on Indiviual Tax Preparation Fees for 2015.

Published on 2015-01-08 22:42:16 GMT

281-397-7777 CALL NOW AND MAKE YOUR APPOINTMENT 1040+ Quality Tax is open from 6 am to 10 pm every day. We can do a preliminary return for you now. The first day to file your taxes is January 20, 2015. Why pay double the cost to have your taxes prepared? We are open all year round providing Income Tax Preparation, Bookkeeping, Payroll, and other Financial Services. Have your tax Preparation fees deducted from your refund. Refund Anticipation Loans Available up to $3,000.00 if you qualify. Qualification based on your tax return. No Return is too easy or to complex for 1040+. We are the Small Business Experts. No return is too complex is too easy for us. 20% Discount on Indiviual Tax Preparation Fees for 2015.

Published on 2015-01-17 15:53:41 GMT

Bartering for Services and Products Is Taxable Tax Tip Bartering is the trading of one product or service for another. Often there is no exchange of cash. In addition to individuals, small businesses sometimes barter to get the products or services they need. For example, a plumber might trade plumbing work with a dentist for dental services. Bartering may take place on an informal one-on-one basis between individuals and businesses, or it can take place on a third-party basis through a modern barter exchange company. Some individuals and small businesses believe that bartering avoids taxable income because there is no exchange of money. This is not true, however; barter exchanges are considered taxable income by the IRS. The fair market value of goods and services exchanged must be included in the income of both parties to the exchange. Business Owners – If you are the owner of a business, you may sometimes find it to your advantage to barter for goods and services rather than pay in cash. You should be aware, however, that the fair market value of the goods that you receive through bartering is taxable income, just as if you had received a cash payment. Exchanges of services result in taxable income for both parties. Say, for example, that a computer consultant agrees to an exchange of services with an advertising agency. Both parties to the transaction are taxed on the fair market value of the services received. This is the amount they would normally charge for the same services. If the parties agree to the value of the services in advance, this will be considered the fair market value, unless there is contrary evidence. Income is also realized when services are exchanged for property. For example, if an architectural firm does work for a corporation in exchange for shares of the corporation’s stock, it will have income equal to the fair market value of the stock. Barter Exchanges – Individuals and business owners sometimes join barter clubs that facilitate barter exchanges. Some exchanges operate out of an office and others over the Internet. Unlike one-on-one bartering, members of exchanges are not obligated to barter or purchase directly from a seller. Instead, when a barter exchange member sells a product or a service to another member, their barter account is credited for the fair market value of the sale. When a barter exchange member buys, the account is debited for the fair market value of the purchase. These clubs generally use a system of “credit units” that are awarded to members who provide goods and services and can be redeemed for goods and services from other members. If you participate in a barter club, you’ll be taxed on the value of credit units at the time they are added to your account, even if you don’t redeem the units for actual goods and services until a later year. For example, say that in Year 1, you earn 2,000 credit units and each unit is redeemable for one dollar in goods and services. In Year 1, you’ll have $2,000 of income. You won’t pay additional tax if you redeem the units in Year 2, since you will already have been taxed once on that income. When you join a barter club, you’ll be asked to give the club your social security number or employer identification number and to certify that you aren’t subject to backup withholding. Unless you make this certification, the club must withhold tax from your bartering income at a 28% rate. By January 31st of each year, the barter club will send you a Form 1099-B, which shows the value of cash, property, services, and credits that you received from exchanges during the previous year. This information will also be reported to the IRS. If you have questions related to bartering income, please give this office a call. Joseph C Becker, CPB, MBA, CQP Ten Forty plus Quality Tax Preparation & Financial Services www.tenfortyplus.com 281-397-7777, Fax 281-397-7443 joeb@tenfortyplus.com

Published on 2014-05-05 14:42:00 GMT

Tax Tip IRS Reinterprets the Once-Per-Year IRA Rollover Limitation There is a tax rule that allows taxpayers to take money out of their IRA and avoid paying income tax and the 10% early distribution penalty so long as they return that money to their IRA account within 60 days. However, tax law limits the number of rollovers to one per year. In the past, the IRS has taken a liberal view toward the one-per-year limitation by allowing one rollover per IRA account each year. In other words, if you have three separate IRA accounts, you can apply the 60-day rollover rule to each IRA account. However, a recent Tax Court Case ruled that the once-per-year rollover applied to the aggregate of all of the taxpayer’s IRA accounts, meaning all of a taxpayer’s IRAs are treated as one for the purposes of applying the once-per-year rollover limitation. The IRS has announced it will adopt the Tax Court’s ruling, meaning that an individual cannot make an IRA-to-IRA rollover if he or she made such a rollover involving any of individual IRAs in the preceding one-year period. Since both the IRS’s proposed regulations and Publication 590 currently permit one rollover per account, the IRS is extending transitional relief and will not apply the Tax Court’s interpretation to the rollover rule to any rollover that involves an IRA distribution occurring before January 1, 2015. These actions by the IRS will not affect the ability of an IRA owner to transfer funds from one IRA trustee directly to another because such a transfer is not a rollover and, therefore, is not subject to the one rollover-per-year limitation. Taxpayers considering utilizing the 60-day rollover rule should be cautious about possibly violating the once-per-year rollover rule. Please call this office if you have any concerns. Joseph C Becker, CPB, MBA, CQP Ten Forty plus Quality Tax Preparation & Financial Services www.tenfortyplus.com 281-397-7777, Fax 281-397-7443 joeb@tenfortyplus.com

Published on 2014-05-05 14:38:15 GMT

TAX SEASON has Started CALL NOW AND MAKE YOUR APPOINTMENT 281-397-7777 1040+ Quality Tax is open from 6 am to 10 pm every day. In most cases we can do your taxes while you wait. However, we welcome you to complete our information and scan your information to us or drop everything off and review your taxes via Video Conference. Why pay double the cost to have your taxes prepared? We are open all year round providing Income Tax Preparation, Bookkeeping, Payroll, and other Financial Services.

Published on 2015-02-21 14:06:15 GMT

TAX SEASON has Started CALL NOW AND MAKE YOUR APPOINTMENT 281-397-7777 1040+ Quality Tax is open from 6 am to 10 pm every day. In most cases we can do your taxes while you wait. However, we welcome you to complete our information and scan your information to us or drop everything off and review your taxes via Video Conference. Why pay double the cost to have your taxes prepared? We are open all year round providing Income Tax Preparation, Bookkeeping, Payroll, and other Financial Services. Have your tax Preparation fees deducted from your refund. Refund Anticipation Loans Available up to $3,000.00 if you qualify. Qualification based on your tax return. No Return is too easy or to complex for 1040+. We are the Small Business Experts. No return is too complex is too easy for us. 20% Discount on Individual Tax Preparation Fees for 2015.

Published on 2015-01-31 13:31:30 GMT

TAX SEASON has Started CALL NOW AND MAKE YOUR APPOINTMENT 281-397-7777 1040+ Quality Tax is open from 6 am to 10 pm every day. In most cases we can do your taxes while you wait. However, we welcome you to complete our information and scan your information to us or drop everything off and review your taxes via Video Conference. Why pay double the cost to have your taxes prepared? We are open all year round providing Income Tax Preparation, Bookkeeping, Payroll, and other Financial Services. Have your tax Preparation fees deducted from your refund. Refund Anticipation Loans Available up to $3,000.00 if you qualify. Qualification based on your tax return. No Return is too easy or to complex for 1040+. We are the Small Business Experts. No return is too complex is too easy for us. 20% Discount on Individual Tax Preparation Fees for 2015.

Published on 2015-01-22 14:27:36 GMT

Thursday December 2nd 600 pm to 10ish pm To all 1040+ Clients and Friends come Join us for our Annual Christmas Party at Club Area 45 Located at 5900 Interstate 45 7pm to 11pm. We will be providing food and giving away prizes. My Good friend and great Musician David Delagarza III and Friends will be performing live. Kids and family are Welcome. Alcohol for the adults will for sale at the bar. All clients and friends who RSVP 281-397-7777 will be given a raffle ticket (one raffle ticket per adult). One additional raffle ticket for those friends and clients who will post comments about 1040+ Quality Tax Preparation at Google, Yelp, City Search, and our own web site (we appreciate your good comments). Prizes may include: Big Screen TV, Ping Pong Table, Pool Table, Toys, Games, Tools, Appliances, and or Gift Certificates. Everybody come celebrate Christmas and the Holidays with us. Joseph C Becker