We welcome an Appointment! Walk-in! Virtual! We are tax experts!

Office: (210) 850-7736 Cell: (210) 941-8099

  • Home
  • Our Services
  • Tax Tips
  • Small Business
  • Health Insurance
  • Testimonials
  • Better Life Decisions
  • 2021 Tax Tips
  • BLOG
  • Videos
  • Shop
  • 5% Donation
  • CARES Act
  • More
    • Home
    • Our Services
    • Tax Tips
    • Small Business
    • Health Insurance
    • Testimonials
    • Better Life Decisions
    • 2021 Tax Tips
    • BLOG
    • Videos
    • Shop
    • 5% Donation
    • CARES Act

Office: (210) 850-7736 Cell: (210) 941-8099

  • Sign In
  • Create Account

  • Bookings
  • Orders
  • My Account
  • Signed in as:

  • filler@godaddy.com


  • Bookings
  • Orders
  • My Account
  • Sign out


Signed in as:

filler@godaddy.com

  • Home
  • Our Services
  • Tax Tips
  • Small Business
  • Health Insurance
  • Testimonials
  • Better Life Decisions
  • 2021 Tax Tips
  • BLOG
  • Videos
  • Shop
  • 5% Donation
  • CARES Act

Account


  • Bookings
  • Orders
  • My Account
  • Sign out


  • Sign In
  • Bookings
  • Orders
  • My Account

Stay Safe And Save Money

Stay safe online during tax time

Did you spot a scam or phishing attempt or a victim of identity theft?

  1. Contact the following agencies to report a phishing or scam attempt:
  2. 1/ FTC - https://reportfraud.ftc.gov/#/?pid=A
  3. 2/ IRS - https://www.irs.gov/individuals/how-do-you-report-suspected-tax-fraud-activity
  4. 3/ IRS - Report Phishing to phishing@irs.gov

Choosing a Cyber-Savvy Tax Preparer

Be selective about who you choose to file your taxes. Consider asking them the following questions:

1/ How will we exchange files and sensitive information?

2/ Who at your firm has access to my data?

3/ Are our communications end-to-end encrypted?

4/ What types of network security have you implemented?

5/ How do you back up client data?

Tax Tips for Small Business

New business owners find success!

Starting a new business can be very exciting and overwhelming. Understand and choose the best-fitting business structure that could save you thousands of dollars from the start. You always have an option to change your business structure later, but it could cost you some transition fees.

 * Sole Proprietorship: An unincorporated business owned by an individual. There’s no distinction between the taxpayer and their business. 

 * Partnership: An unincorporated business with ownership shared between two or more people. 

 * S Corporation: A corporation that elects to pass corporate income, losses, deductions, and credits to the shareholders.

 * Corporation: Also known as a C corporation. It is a separate entity owned by shareholders. 

 * Limited Liability Company: A business structure allowed by State statute, NOT IRS. LLC can be filed under different entities with the IRS.

Book To Learn More

Self-employed Estimated Tax

Taxes are pay-as-you-go.

If you are a Sole-Proprietor, Self-employed, or Single LLC, you should be aware of paying the Estimated Tax during earning year to avoid late payment penalties and interest.  

Here are the four Estimated Tax Due Date payments:

  • Income from January 1 to March 31 – Estimated Tax due April 15
  • Income from April 1 to May 31 – Estimated Tax due June 15
  • Income from June 1 to August 31 - Estimated Tax due September 15
  • Income from September 1 to December 31 – Estimated Tax due January 15 of the following year

Important Tax Dates

**Yearly Reports due Jan. 31:

1 - Form 1099-NEC Non-Employee Compensation for payment to contractors must be filed with the IRS and provided to the contractors.

2 - W-2 forms must be filed with the IRS & the SSA.


**Business Tax Returns Due Date: 

Mar. 15 - Partnerships (Form 1065) and S Corporations (Form 1120S)

Apr. 15 - C Corporations (Form 1120) and Sole Proprietor (Schedule C)

May 15 - Exempt organizations (Form 990)


*** If filing an extension, deadlines will be on different dates. Contact a tax professional for more specific dates and file the extension.


**Payroll reports due date:

1st, 2nd, 3rd, and 4th Quarter Reports Due Dates: Apr. 30, Jul. 31, Oct. 31 and Jan. 31 with payment:

1 - To IRS: Form 941 Employer's QUARTERLY Fed. Tax Return.  

2 - To State: Unemployment Tax and Income Tax withheld to State for employees. 

Other reports due Jan. 31:

3 - To IRS: Form 944 Employer's ANNUAL Fed. Tax Return (if not filed Form 941). 

4 - To IRS: Form 940 FUTA Employer's Annual Federal Unemployment. 


Texas State taxes:

1 - Sales and Use Tax Due Date on the 20th of each month OR Apr. 20, Jul. 20, Oct. 20, and Jan. 20 for quarterly reports.

2 - Annual Franchise Tax Reports due May 15.


Tax Tips for Individual/Family Tax Return

How to choose a trusted tax preparer?

Each year, some taxpayers are hurt financially because they choose the wrong tax return preparer. Basically, anyone can prepare your tax return. The IRS doesn't have specific requirements regarding who can file your tax return. However, be wise; the IRS has a system that verifies and recommends excellent tax preparers. Choose the tax preparer who can e-file your tax return since these tax preparers have passed a Suitability Check by the IRS. Confirm the tax preparer's credentials.

Check Tax Preparer

Important Tax Dates for Individual Tax Returns

Jan. 24 - IRS systems start opening to receive e-file returns, but taxpayers don't have to wait until then to file returns. 

Feb. 15 - Any return is claiming the Earned Income Tax Credit (EITC) and the Additional Child Tax Credit (ACTC) can't get refunded until after this date.

Feb. 28 - Your refunds will start arriving in bank accounts or debit cards. 

Apr. 15 - Last day to file tax returns and pay any tax due.

* 90% Refunds are issued within 21 days. Most of our clients receive their refund within eight days. 


Oct. 17 - Due date for taxpayers who request an extension to file, but this does not extend your payment.

Earned Income Tax Credit

Check out these fun and entertaining stories and videos about the Earned Income Tax Credit. Knowledge about Tax law for both taxpayers and tax preparers is always needed.

Earned Income Tax Credit

Education Credits

 With school back in session, parents and students should remember that tax credits may be available that can help with the cost of higher education.
The two credits available are the American Opportunity Tax Credit and the Lifetime Learning Credit. A taxpayer or a dependent must have received a Form 1098-T from an eligible educational institution.
The American Opportunity Tax Credit is:
• Worth a maximum benefit up to $2,500 per eligible student.
• Only for the first four years at an eligible college or vocational school.
• For students pursuing a degree or other recognized education credential.
The Lifetime Learning Credit is:
• Worth a maximum benefit up to $2,000 per tax return, per year, no matter how many students qualify.
• Available for all years of post-secondary education and for courses to acquire or improve job skills.
• Available for an unlimited number of tax years. 

Tips for Taxpayers Who Have to Amend a Tax Return

Tiffany has prepared many Amended Tax Returns to save thousands of dollars for clients even if they used tax preparation software. Please read instructions and IRS publications for your special case if you use tax software. Keep related tax records and being organized could save you a lot of time and money. 

Taxpayers who discover they made mistakes or omissions on their tax return can correct them by filing an amended tax return. Those who need to amend should remember these tips:


  • File using paper form. Use Form 1040X, Amended U.S. Individual Income Tax Return, to correct the tax return. Taxpayers can’t file amended returns electronically. They can obtain the form on IRS.gov/forms. Mail the Form 1040X to the address listed in the form’s instructions. 
  • Amend to correct errors. File an amended tax return to correct errors or make changes to an original tax return; for example, taxpayers should amend to change their filing status or to correct their income, deductions or credits.  
  • Don’t amend for math errors, missing forms. Taxpayers generally don’t need to file an amended return to correct math errors on their original return. The IRS will automatically correct these items. In addition, taxpayers don’t need to file an amended return if they forgot to attach tax forms, such as a Form W-2 or a schedule. The IRS will mail a request to the taxpayer, if needed.  
  • File within three-year time limit. Taxpayers usually have three years from the date they filed the original tax return to file Form 1040X to claim a refund. Taxpayers can file it within two years from the date they paid the tax, if that date is later.
  • Use separate forms for each year. Taxpayers who are amending more than one tax return must file a Form 1040X for each tax year. They should mail each year’s Form 1040X in separate envelopes to avoid confusion. Taxpayers should check the box for the calendar year or enter the other calendar year or fiscal year they are amending. The form’s instructions have the mailing address for the amended return. 


  • Attach other forms with changes. Taxpayers who use other IRS forms or schedules to make changes must attach them to the Form 1040X.  
  • Wait to file for corrected refund for tax year 2017. Taxpayers who are due refunds from their original tax year 2017 return should wait to get it before filing Form 1040X to claim an additional refund. Amended returns may take up to 16 weeks to process.


  • Pay additional tax. Taxpayers who will owe more tax should file Form 1040X and pay the tax as soon as possible to avoid penalties and interest. They should consider using IRS Direct Pay to pay any tax directly from a checking or savings account at no cost. 
  • Track amended return. Generally, taxpayers can track the status of their amended tax return three weeks after they file, using ‘Where’s My Amended Return?’ It’s available in English, Spanish, Chinese, Korean, Vietnamese and Russian. The tool can track the status of an amended return for the current year and up to three previous years. Taxpayers who have filed amended returns for multiple years can check each year, one at a time.
  • Click on button below for $69,000 income or less Free File Software options.

$69K or less Free file softwares

Tax Tips for Individual and Small Business

VITA is a FREE tax preparation service for individuals and families who earn up to $65,000 per year. All tax preparers are IRS-trained and certified.

San Antonio VITA Sites

Copyright © 2016-2025 Better Life Decisions by Tiffany, LLC - All Rights Reserved.

  

All information on this website is for general information only. There is no implied, legal, tax advice or financial guidance for any personal or business situation. Don't hesitate to get in touch with a Tax Professional and Insurance Agent for your specific situation.

Powered by

  • Our Services
  • Small Business
  • Health Insurance
  • Testimonials
  • BLOG

Cookie Policy

This website uses cookies. By continuing to use this site, you accept our use of cookies.

DeclineAccept & Close