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Showing posts with the label Martin Cantu

Tax Return Filing Status

This is Part One of my continuing series of basic tax help articles.    This series of articles applies to the 2012 tax filing season for the tax year ended December 31, 2011 – Fling status and exemptions. As always, consult a tax professional for specific guidance on your individual situation.  Contact the Law Office of Martin Cantu for more information, or www.sataxhelp.com . Filing Status This is step number one in filing your tax return. You have five choices - Single, Married Filing Jointly, Married Filing Separately, Head of Household and Qualifying Widow(er) with Dependent Child.   Filing status determines basic tax items such as filing requirements, your standard deduction, eligibility for certain credits and deductions, and your correct tax. This is the foundation of your tax return and making the wrong choice here will have detrimental impacts throughout your return. You may qualify for more than one filing status, so the choice of filing status may get complic

Top 10 Tax Filing Tips

The income tax filing season has begun and important tax documents should be arriving in your mailbox. Even though your return is not due until April, you can make tax time easier on yourself with an early start. Here are the Internal Revenue Service’s top 10 tips to ensure a smooth tax-filing process. For more questions contact the Law Office of Martin Cantu . 1. Gather your records. Round up any documents you’ll need when filing your taxes: receipts, canceled checks and other documents that support income or deductions you’re claiming on your return. 2. Be on the lookout W-2s and 1099s will be coming soon; you’ll need these to file your tax return. 3. Have a question? Use the Interactive Tax Assistant available on the IRS website to find answers to your tax questions about credits, deductions, general filing questions and more. 4. Use Free File. Let Free File do the hard work for you with brand-name tax software or online fillable forms. It's available e