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Tax Services Kilgore TX

There are plenty of business tax savings in the system without resorting to illegal strategies that can come back to bite you. Stay away from tax evasion schemes. Here are a few legitimate strategies you can implement now.

Liberty Tax Service
(866) 871-1040
740 Us Highway 259 N
Kilgore, TX

Data Provided by:
H&R Block
(903) 757-1665
3500 MCCANN RD
LONGVIEW, TX

Data Provided by:
Stephen Carter
921 W. New Hope Dr.
Cedar Park, TX
Company
Title: Financial Planner
Company: Ameriprise Financial Services,Inc.
Type
Investment Advisor Rep: Yes
Education
MBA
BBA
Years Experience
Years Experience: 8
Service
Pension for Highly Compensated Owners,Stock Market Alternative,Reverse Mortgage,Medicare Planning,Health Care Insurance,Retirement Planning,Real Estate Investment Planning,Commission-Only Financial Planning (Full Disclosure),Insurance & Risk Management Planning,Retirement Income Distribution Planning,Education Funding & Financial Aid Planning,Hourly Financial Planning Engagements,Mortgage Refinancing,IRA, 401k, Roth IRA, QDRO Rollovers,CD Alternative,Alternative Investments,Disability Insurance,

Data Provided by:
Roger Asel
5485 Belt Line
Dallas, TX
Company
Company: Certified Financial Strategies Corp.
Type
Registered Investor: Yes
Education
SMU - BBA Major in Accounting
Years Experience
Years Experience: 30
Service
401k Rollover From Employer,Income for Life/ Preserve Principal,Alternative Investments,Retirement Planning,Real Estate Investment Planning,Annuity Ideas & Strategy Planning,Planning For Personal Finances & Budgeting,Retirement Income Accumulation Planning,Individual Income Tax Planning,Pension for Highly Compensated Owners,Stock Market Alternative,Wealth Management,Annuities,Alternative Asset Class Planning,Investment Consulting & Allocation Design,Insurance & Risk Management Planning,Retiremen

Data Provided by:
Charles Geraci
12721 Sawmill Road
The Woodlands, TX
Company
Title: Principle
Company: C. Geraci & Company
Type
Investment Advisor Rep: Yes
Registered Investor: Yes
Education
University of Texas (1975)
Years Experience
Years Experience: 20+
Service
Portfolio Engineering,401k Rollover From Employer,Income for Life/ Preserve Principal,Disability Insurance,Retirement Planning,Real Estate Investment Planning,Annuity Ideas & Strategy Planning,Planning For Personal Finances & Budgeting,Retirement Income Accumulation Planning,Business Income Tax Planning,Fee-Only Comprehensive Financial Planning,Fee Only Portfolio Management,Pension for Highly Compensated Owners,Stock Market Alternative,Alternative Investments,Annuities,Alternative Asset Class Pl

Data Provided by:
Liberty Tax Service
(866) 871-1040
1714 S High St
Longview, TX

Data Provided by:
Liberty Tax Service
(866) 871-1040
1201 E Marshall Ave Ste C
Longview, TX

Data Provided by:
Mr. Donald James Traugott (RFC®), CLU, LUTCF
(832) 764-0582
27303 Siandra Creek Ln
Spring, TX
Company
Traugott Advisory Group
Qualifications
Years of Experience: 32
Membership
IARFC, MDRT, NAIFA
Services
Invoice, Estate Planning, Portfolio Management, Retirement Planning, Tax Planning, Seminars Work, Stocks and Bonds, Mutual Funds, CD Banking, Annuities, Life Insurance, Long Term Care Insurance, Asset Protection, Compensation Plans

Data Provided by:
Mr. Patrick J. Wehrly (RFC®), CEP, CSA
(281) 528-5760
3325 Spring Cypress Road Ste 100
Spring, TX
Company
Offices of Patrick J. Wehrly
Qualifications
Years of Experience: 20
Membership
IARFC, NICEP
Services
Invoice, Estate Planning, Business Planning, Trustee Service, Retirement Planning, Tax Planning, Tax Returns, Annuities, Life Insurance, Long Term Care Insurance, Charitable Planning, Asset Protection, BuySell

Data Provided by:
Roger Craig Hamilton (RFC®), MBA
(713) 450-3963
79 Uvalde Rd., Suite J
Houston, TX
Company
HRC Consultants
Qualifications
Education: MBA, BBA - Finance
Years of Experience: 13
Membership
IARFC
Services
Invoice, Portfolio Management, Pension Planning, personal Coach, Retirement Planning, Tax Planning, Tax Returns, Seminars Work, Employee Benefits, Family Offices, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Compensation Plans

Data Provided by:
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Tax Saving Strategies

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It's Not What Your Business Makes That Counts — It's What You Get To Keep!
By Patrick Astre

There are two things in life you don’t want to watch closely as they’re made; the first is sausages, the second is tax laws. While death and taxes are inevitable, death doesn’t get worse every time Congress meets. The constant push-pull of special interests, partisan, and “pork barrel” politics left us with an income tax system that is convoluted and overly complex.

There are a great number of tax-saving opportunities available to business owners. Sad to say, many of these opportunities are not well known and often ignored even by tax planners, CPAs and attorneys. By not using them, you will have “volunteered” to pay more taxes.

Let’s get one thing out in the open at the get-go: Everything this article covers is legal, audit-tested, and rooted well within the IRC (Internal Revenue Code.) So let’s get started so you can keep more of that hard-earned money from your business.

There are plenty of business tax savings in the system without resorting to illegal strategies that can come back to bite you. Stay away from tax evasion schemes. Here are a few legitimate strategies you can implement now:

• Rent part of your home to your business. Many business owners use part of their homes for business, second office, storage, etc., and yet those expenses are not deducted. Determine the portion of your home that is used for business, and rent it to your corporation or LLC. Rent should be reasonable and average for your area. You must report the income on Schedule E of your personal tax return (1040), but you will apply a percentage of deductions against that income such as utilities, home insurance, maintenance, and depreciation, etc. that you cannot use otherwise.

• Don’t fear the home office deduction. If you operate as a sole proprietor, you cannot rent part of your home to yourself; however, you can use the home office deduction. A court ruling in the late ‘80s resulted in that deduction being outlawed and denied to many businesses. Legislation two years later overturned this ruling and restored the deduction. Home office deductions are legitimate and allowed by the IRC. As in all deductions, be sure to keep documentation to back it up.

• Don’t neglect business use of your automobile. Simply because you don’t use your car often in your business, it doesn’t mean you shouldn’t deduct the amount that you do use. Keep a log of your business mileage, reimburse yourself by using the IRS mileage rate, and deduct it on your business tax return. Do not include commute to and from your business, and make sure to document the business reason for auto usage.

• Make your spouse part owner (shareholder) of your Sub S Corporation. A recent tax court ruling held that any money paid sole shareholders of “S” corporations from the business must be taken as payroll. That’s because “S” distributions are not subject to payroll taxes, and the...

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