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| Downloads | Drop-Off Packet | Form 8879 | | Home | About Us | Services | Affiliations | Resources | Newsletter | FAQ | |
Do I need to file a tax return?
How much sales tax will I be able to deduct?
Which energy-efficient vehicles qualify for the tax credit?
Is the telephone tax refund credit a real credit for 2006?
I did not file a return last year, what do I need to do?
What if an error was made on a prior return?
I cannot find my W-2, what do I do?
One or both of my parents died last year, what do I do?
What do I do if I have not received my refund?
Was my return accepted by the IRS?
I am unable to get to your office for an appointment, what are my options?
Do I need to file a tax return?
If you had any income for the tax period, it is likely you need to file a tax return. Even if your income is negligible and probably would not subject you to any tax liability, you may be entitled a refund and it would benefit you to determine if this is the case.
EIC is a credit for certain people who work, you must have earned income from a job or a business that you operate.
To qualify for EIC your earned income must be less than the amount listed below:
| Filing Status | No Child | 1 Child | 2 Children |
| Single | $ 12,120 | $ 32,001 | $ 36,348 |
| Head of Household | $ 32,001 | $ 36,348 | |
| Married Filing Jointly | $ 14,120 | $ 34,001 | $ 38,348 |
| Married Filing Separately | You do | not qualify | for EIC. |
To meet the requirements with children, you must have at least one qualifying child residing in your home.
This can be your son, daughter, adopted child, stepchild, or a dependent or any of them (for example, your grandchild);
or your brother, sister, stepbrother, stepsister, or a dependent of any of them (for example your niece or nephew, for whom you cared you as you would your own child);
or your foster child (any child placed with you by an authorized placement agency whom you cared for as you would your own child.
As of 12/31/2006 the qualifying child must be under 19 years old,
or under 24 years old and a student,
or any age and permanently and totally disabled.
You investment income must be $2,800 or less.
How much sales tax will I be able to deduct?
The Sales Tax Deduction was passed on Dec 8.
For 2006, you can elect to deduct state sales tax and local general sales tax instead of state and local income taxes as an itemized deduction on Schedule A. You cannot deduct both. Generally, to figure your state and local general sales tax deduction, you can either use your actual expenses or the Option Sales Tax Table. We post the table as soon as it is available . The Option Sales Tax Table for Texas.
To figure your deduction, read down the Total Income. Then go to the column that includes the total number of exemptions you claimed on your Form 1040. If you purchased a motor vehicle, aircraft, boat, home or home building materials, add the sales tax paid for these items to the amount from the table. DO NOT include sales taxes paid on items used in your trade or business. Enter the result on Schedule A, Form 1040.
Which energy-efficient vehicles qualify for the tax credit?
There is a time and quantity limit for a vehicle to qualify for this credit. You must purchase the vehicle NEW in 2006 or 2007 and the full credit will be available until the cumulative sales for a model has reached 60,000 vehicles. Once the limit has been reached it will decrease until it reaches a phase out limit. You need to ask the dealer when purchasing a vehicle if this limit has been reached. Toyota is the only manufacturer with vehicles that have reached this limit.
| GM Saturn Vue Green Line (2007) | $650 | Model Years 2005-2006 | ||
| Honda Civic GX (compressed natural) | $4,000 | |||
| Model Years 2006-2007 | Honda Insight CVT | $1,450 | ||
| GM Sierra (4WD) hybrid pickup truck | $650 | Toyota Prius | $3,150 | |
| GM Sierra (2WD) hybrid pickup truck | $250 | Honda Civic Hybrid CVT (2006) | $2,100 | |
| GM Silverado(4WD) hybrid pickup truck | $650 | Honda Civic Hybrid SULEV MT (2005) | $1,700 | |
| GM Silverado (2WD) hybrid pickup truck | $250 | Honda Civic Hybrid SULEV CVT (2005) | $1,700 | |
| Ford Escape Hybrid front wheel drive | $2,600 | Honda Accord Hybrid AT (2005) | $650 | |
| Ford Escape Hybrid 4WD | $1,950 | Honda Accord Hybrid AT (2006) | $1,300 | |
| Mercury Mariner Hybrid 4 WD | $1,950 | ($650 without control calibration) | ||
| Lexus GS 450h (2007) | $1,550 | |||
| Lexus RX400h 2WD (2006) | $2,200 | |||
| Lexus RX400h 4WD(2006) | $2,200 | |||
| Toyota Camry Hybrid (2007) | $2,600 | |||
| Toyota Highlander 2WD Hybrid (2006) | $2,600 | |||
| Toyota Highlander 4WD Hybrid (2006) | $2,600 |
Is the telephone tax refund credit a real credit for 2006?
There will be a credit for the excise taxes charged on your phone bill for the last 41 months the tax was charged. There are two ways to get the credit; you can locate ALL 41 months of your old phone records and add up the tax you paid or you can use the IRS table below based on your filing status and number of exemptions. (Remember you and your spouse count as an exemption each and each dependent is an exemption.)
| Single with one exemption | $30 |
| Single with two exemptions | $40 |
| Married with two exemptions | $40 |
| Married with three exemptions | $50 |
| Married with four exemptions | $60 |
I did not file a return in a prior year, what do I need to do?
If you have the information (W2's, any 1099's, etc.) we can prepare your tax return for you.
If you do not have the information you can provide us a power of attorney (which allows us to talk to the IRS for you) to get the information or you can call 800-829-1040 and follow the prompts to request a transcript of your records be sent to you and then we can prepare your return for you.
REMEMBER: Only the current year's taxes can be filed electronically. You cannot receive a refund on a tax return filed for tax year the 2002 or earlier; however, the return should be filed.
What if an error was made on a prior return?
We can prepare an amended return to correct the error.
REMEMBER: You can only receive a refund if the return is filed within 3 years of the due date of the original return. You have until 4/15/2007 to file and receive any money due you on your 2003 tax return.
I cannot find my W-2, what do I do?
You must first contact the employer and attempt to get a duplicate W2 issued.
If you cannot locate the employer and you have your last pay stub we can prepare a substitute W2 for you. A return may not be filed electronically with a substitute W2 until after 2/15/2007.
One or both of my parents died last year, what do I do?
If they have not filed a tax return in the past year, they need to file a tax return this year to stop the social security number at the IRS. The social security number was stopped at the Social Security Administration when the death certificate was filed with the SSA but not at the IRS.
If the parent had income from any source during year, an estate for the descendant must be established and the income reported on two tax returns (1040 and 1041). We can prepare these returns for you.
If you feel the estate (assets being passed on to heirs) is in excess of $2,000,000, contact us to determine what additional forms may be needed to be filed.
What do I do if I have not received my refund?
You can visit the Where's My Refund? link on the IRS web site. You will need to answer the questions to find out the status of your refund.
You may also call 800-829-1040 and follow the prompts to find the status of your refund.
Was my return accepted by the IRS?
You can visit the Where's My Refund? link on the IRS web site. You will need to answer the question to learn the status of your return.
You can also call 800-829-1040 and follow the prompts to find the amount of the status of your return.
I am unable to get to your office for an appointment, what are my options?
You may download a Drop-Off Packet. After you have filled in the information requested in the Tax Preparation packet, mail it along with the forms requested to us.
Contact us and we can prepare an extension for you.
REMEMBER: An extension is only an extension of time to file your tax return and is due by April 15, 2007. It is NOT an extension of time to pay any tax due. An extension gives you until August 15, 2007 to file your tax return.
